2021-04-20
by Proactive Australia
Alicanto Minerals Ltd (ASX:AQI) has returned shallow, high-grade assay results from the first drill holes at its Greater Falun Copper-Gold-Silver Project in Sweden.
AQI shares jumped 10% to 11.5 cents in early Tuesday trading on assays of up to 3.7% copper and 2.3 g/t gold, which are consistent with Alicanto's geological model and highlight the potential for an extensive mineralised system.
The results come from Alicanto's now-completed 4,000-metre drilling campaign at the project, which kicked off in October last year. Further assays are pending, and an expanded 20,000-metre drilling program is underway.
"Immense potential"
Alicanto managing director Peter George said the results built on the "immense potential" of the Greater Falun project.