Announcement Date: 2022-12-19
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Alicanto Minerals Ltd.
Project name: Greater Falun
Location: Sweden
Commodities: Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 6.8m at 0.10g/t Ag, 114.00% Cu, 5.50% Zn, 1.00% Pb, from 396m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Alicanto Minerals Ltd (Alicanto or the Company) (ASX: AQI) is pleased to announce that it has received assay results from its initial drill hole at the Skyttgruvan-Naverberg target at the Falun Project. Alicanto Managing Director Rob Sennitt said: “These are extremely encouraging results which suggest we have made an important breakthrough in our search of the extension of the rich Falun mineralised system. The Falun mine was one of the great mines of the world. For centuries it was the largest copper producer in the western world. We have always believed that there is significant potential for additional mineralisation in the region. These results, some 3.5km from the historic Falun mine, continue to build on our thesis that the Falun system is much bigger than what was initially mined. The success of the two drill holes provides significant encouragement to progress with the design of a comprehensive program to continue our exploration at Falun. Alicanto has now identified two high quality projects at Falun and Sala which provide significant upside and optionality for Alicanto shareholders.”
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