- Alicanto Minerals (AQI) has identified a series of new, undrilled copper-gold skarn targets near its Wolf Mountain project in southern Sweden
- As a result, the company has applied for an additional 158 square kilometres of land in southern Sweden, increasing its land holdings to 275 square kilometres
- Further, Alicanto has classified the Heden prospect, to the east of Wolf Mountain, as a high priority target for its upcoming exploration program
- Field crews are now further defining copper mineralisation, ahead of the drilling program, expected to commence in the third quarter of this year
- Alicanto Minerals is grey on the market today, with shares trading for 5.9 cents each
Alicanto Minerals (AQI) has identified a series of new, undrilled copper-gold skarn targets near its Wolf Mountain project in southern Sweden.
To build on these findings, the company has applied for an additional 158 square kilometres of land in the region, which would increase its land holdings to 275 square kilometres.
In particular, the Heden prospect, to the east of Wolf Mountain, has been classified as a high priority target for the company. Previous rock chip sampling returned grades as a high as 3.1 per cent copper.
Due to the presence of near-surface copper mineralisation at Heden, Alicanto will immediately commence electromagnetic surveying to identify areas of interests for an upcoming drill program, expected to commence in the third quarter.
Thus far, just under 1000 metres have been drilled at the site’s Wolf Mountain prospect. Notably, Alicanto intersected mineralisation up to 2.1 per cent copper, 69 grams per tonne of silver, and 1.3 per cent zinc.
Looking forward, Alicanto will follow up the drilling at Wolf Mountain with a geophysical induced polarisation survey, which is expected to commence this month.
Alicanto’s CEO, Peter George is pleased with the progress being made at the company’s Swedish properties.
“Alicanto started this journey searching for large VMS deposits in the Bergslagen, and now we believe we are cracking the code of the previously misunderstood district,” Peter explained.
“The team has been very busy out in the field over the last three months and we are very excited about what we have managed to uncover,” he said.
Peter went on to say that the field crews are continues to define copper mineralisation at the sites ahead of the upcoming drilling program.
Alicanto Minerals is grey on the market today, with shares trading for 5.9 cents each at 11:34 am AEST.