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- Alicanto Minerals (AQI) has identified multiple new electromagnetic (EM) conductors at its Naverberg Project in Sweden
- These new conductors were uncovered from airborne surveys and results show potential for high-grade copper, gold, silver, lead, and zinc mineralisation
- Alicanto has also identified a previously undiscovered gravity anomaly at the Karavet target area
- An additional program to follow-up on these conductors and further refine them has now been planned
- Further, following a highly successful maiden induced polarisation survey and drilling program at the Wolf Mountain Project, a new gradient survey will be beginning sometime this month
- Alicanto has ended the day 2.44 per cent in the red with shares trading for eight cents each
Alicanto Minerals (AQI) has identified multiple new electromagnetic (EM) conductors at its Naverberg Project in Sweden.
These conductors are located within 10 kilometres of the high-grade and historic Falun Mine which produced 28 million tonnes at four per cent copper, five per cent zinc, two per cent lead, 4g/t gold, and 35g/t silver.
These new conductors were uncovered from airborne EM surveys and the results show potential new targets that are prospective for high-grade copper, gold, silver, lead, and zinc mineralisation.
In addition to these EM conductors, Alicanto has also identified a previously undiscovered gravity anomaly at the Karavet target area.
Zinc grading up to 3.6 per cent was uncovered, making this a high priority drill target.
Alicanto has now planned an additional program to follow-up on these conductors and to further refine them.
Further, following a highly successful maiden IP (induced polarisation) survey and drilling program at the Wolf Mountain Project, in which widespread skarn (metamorphic rock) mineralisation was identified, a new gradient IP survey will be beginning sometime this month.
“Off the back of two highly successful maiden drilling campaigns at Lustebo and Wolf Mountain in the last six months, the team has a very busy field season starting up in a few weeks time,” CEO Peter George commented.
“This field season will comprise of multiple geophysical surveys and geological field trips to build on what we have learnt and to drive the next drilling campaign,” he said.
“We are very excited to see what the much larger gradient array IP survey will uncover at Wolf Mountain – the maiden IP survey was the catalyst for discovering the skarn mineralisation and we believe the technology will help us vector in on the massive sulphide zone itself,” Peter added.
Alicanto has ended the day 2.44 per cent in the red with shares trading for eight cents each in a $20.77 million market cap.
