Alicanto Minerals Ltd (ASX: AQI) has mobilized a diamond drill rig at Falun and drilling has commenced.
A minimum of 5,000m is planned which aims to test for the first time the highly prospective stratigraphy and geophysical targets along strike from known mineralization at Falun.
Alicanto managing director, Rob Sennitt, said, “Our lead-up exploration work has been highly successful in identifying a number of high priority targets within our key area of interest at Falun. We now have a very focused diamond drill programme planned to test these targets.”
Recent exploration by Alicanto’s in-country geological team supports of the concept that the historical Falun mine is only a small part of a major mineralized belt stretching over at least 10km within Alicanto’s Falun permits. Based on recent fieldwork and a two hole drill programme at the Skyttgruvan-Naverberg target in late 2022, the company is currently focused on a 3.5km mineralized trend between Skyttgruvan-Naverberg and the Falun mine as well as in the vicinity of the historic mine.
“This brownfield drilling programme has the potential to create significant value for Alicanto shareholders. We look forward to the results of the programme and confirming the significant opportunity that still exists at and around what was historically a world class copper-gold mine.” Said Mr. Sennit.
Additionally, a series of untested gravity targets are present along the key mineralized horizon that are highly prospective for high-density sulphide mineralization and are also key targets for the company’s current drill programme.
To find out more, please visit www.alicantominerals.com.au
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