Alicanto Minerals Ltd (ASX: AQI) is pleased to provide an exploration update for its Greater Falun copper-gold project in Sweden.
- Three new tenements pegged at Stone Lake, Swamp Thing and Heritage Valley – all located within the Greater Falun Project area
- At the Birch Mountain prospect, granite rock chips have assayed 4.9% copper and 0.3g/t gold within a copper-gold Causative Intrusion
- 1.8% copper assay in proximal massive garnet copper-gold skarn rock-chips at Stone Lake
- 7.1 g/t gold in copper-gold skarn rock-chips identified at Stone Lake North
- Medial pyroxene copper-gold skarn observed at Swamp Thing within an historic limestone quarry with 1.4% copper assay in rock-chips
- Proximal copper-gold skarn observed at Heritage Valley with 1.1% copper and 0.4 g/t gold in rock chips
- Detailed interpretation of historical and new geophysics combined with recent field work on the copper-gold skarn target due in a few weeks
- +4,000m drilling program to start next month
Following recent fieldwork, Alicanto Minerals applied for new tenements at Stone Lake, Heritage Valley and Swamp Thing within Greater Falun. These news tenements contain several copper-gold skarn targets in addition to those previously announced at Wolf Mt, Heden and Lustebo.
High-grade copper-gold mineralisation has also been discovered within granite at the Birch Mountain target. This is believed to be the Causative Intrusion for a fourth new copper-gold skarn target within a 15km radius of the Greater Falun Project.
Alicanto Managing Director Peter George said: “These latest high-grade copper-gold results from the recent surface mapping campaign continue to strongly support Alicanto’s interpretation of the significance of the previous Wolf Mt, Heden and Lustebo Cu-Au skarn discoveries. “A regional distribution with seven (so far) of these copper-gold skarn systems has now been identified in the Greater Falun area. These further highlight the immense prospectivity of Alicanto’s land holding in what is a highly-endowed region. “We are looking forward to the start of drilling next month”.
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