Alicanto Minerals Ltd (ASX:AQI) is undertaking a 20,000-metre drilling campaign at its primary projects in the Bergslagen region of Sweden - the Greater Falun Copper-Gold-Silver-Zinc-Lead Project and at the nearby Sala Silver-Zinc-Lead Project.
Sala Silver Mine, known as the ‘Swedish Treasury’, has produced more than 200 million ounces of silver at very high grades and Alicanto is confident there is more to come.
The company recently undertook a detailed review of historical data that concluded Sala has strong exploration potential - having been exposed to virtually no modern techniques and mineralisation open in every direction.
A specialised diamond rig capable of drilling at the surface and underground is active at Sala.
Alicanto Minerals Ltd s (ASX:AQI) Peter George caught up with Proactive s Andrew Scott following the news they ve entered a sale agreement with.
Alicanto Minerals intersects up to 5.92% copper in first Stone Lake holes at Greater Falun in Sweden
The second hole intersected semi-massive sulphide skarn mineralisation with visual chalcopyrite and returned 5.92% copper and 4.6 ppm silver within a 0.92-metre intersection at 1.92% copper and 1.3 ppm silver. Results are consistent with the geological model the company has developed for Greater Falun.
Alicanto Minerals Ltd (ASX:AQI) has intersected semi-massive sulphide skarn mineralisation with visual chalcopyrite in the second hole drilled at Stone Lake target within the Greater Falun Copper-Gold Project in Sweden.
Assays returned 0.27 metres 5.92% copper and 4.6 parts per million (ppm) silver from 124.2 metres, as part of an interval grading 1.92% copper and 1.3 ppm silver over 0.92 metres.