Announcement Date: 2022-06-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Alicanto Minerals Ltd.
Project name: Sala
Location: Sweden
Commodities: Silver,Zinc
Highlight: Drilling results incl. 2.77m @ 22g/t Ag, 12.7% Zn from 516.9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Alicanto Minerals (ASX: AQI) is pleased to report significant high-grade assays which will further strengthen the impending maiden JORC Resource at its Sala Silver-Lead-Zinc-(Copper-Gold) Project in Sweden. Alicanto Managing Director Peter George said the latest results, which is the final batch of assays to be included in the Resource estimate, provided more strong evidence of the project’s high grades and significant scale. In February 2021, Alicanto secured (100%) tenure covering the historic Sala and Bronas silver mine in Bergslagen, Sweden. Production in the region was last undertaken at the Bronäs mine (about 400m from Sala) in 1962, by which time more than 200Moz of silver had been produced at grades of up to 7,000 g/t2 as well as 35,000 tonnes of lead (AQI:ASX 15th February 2021)2 . This system is a polymetallic skarn with geological similarities with major producing underground mines in the area such as Garpenberg, operated by Boliden, and Zinkgruvan operated by Lundin. Alicanto has been conducting the first systematic diamond drilling at the property since the mine closure and has defined a significant area of silver-zinc-lead mineralisation at the Prince lode over a 1600m by 750m area with the aim of establishing a maiden JORC Resource estimate.
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