Alicanto Minerals reports high-grade copper assays from first holes at Stone Lake
Alicanto Minerals Ltd s (ASX:AQI) Peter George tells Proactive they ve intersected semi-massive sulphide skarn mineralisation with visual chalcopyrite in the second hole drilled at the Stone Lake target within the Greater Falun copper-gold project in Sweden. Stone Lake is less than 10km north-west of the historic Falun deposit.
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Alicanto (ASX:AQI) share price surges 8% on high-grade copper
Lucas Radbourne | May 12, 2021 3:55pm |
More on: Image source: Getty Images
Alicanto Minerals Ltd(ASX: AQI) shares are rocketing today after the company revealed new high-grade copper assays. At the time of writing, the Alicanto share price is up 7.69% to 14 cents, sneaking ever closer to a 100% yearly return.
Alicanto is a mineral exploration company, focused on the exploration and development of a portfolio of gold projects in the prospective geological provinces of Guyana. Its geographical segments are spread across the most unlikely of bedfellows: Guyana, Australia and Sweden.
Let’s take a look at what’s behind the booming Alicanto share price today.
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.