- Alicanto Minerals (AQI) continues to extend known mineralisation occurrences at its Sala silver-zinc-lead-copper-gold project in Sweden
- The company says results from diamond drilling and rock chip sampling further highlight the potential to establish a project with genuine scale
- Rock chip samples returned up to 1,480 grams per tonne of silver and 10.3 per cent zinc, with mineralisation remaining open and three rigs drilling on site
- Alicanto says it is well funded for its 2022 exploration work, following its recent $7 million capital raising
- AQI shares steady at 10.5 cents
Alicanto Minerals (AQI) has continued to extend known mineralisation at its Sala silver-zinc-lead-copper-gold project in Sweden.
The company said results from recent step-out diamond drilling and rock chip sampling undertaken further highlighted the potential to establish a commercial project at Sala.
Detailed geological review of the data identified known mineralisation at Sala occurring over a strike length of three kilometres and a width of 1.5 kilometres, according to Alicanto.
The diamond drilling returned “significant” silver-zinc-lead intersections including 1.4 metres grading 413 grams per tonne silver from 258.6 metres, 3.5 metres at 237 g/t silver and 4.6 per cent lead from 488 metres, and 4.4 metres at 283 g/t silver and 3.9 per cent zinc from 107.2 metres.
The high-grade rock chips coughed up values of up to 1,480 g/t silver and 10.3 per cent zinc from new target areas.
“These results support our strategy to build a substantial resource at Sala with the potential to underpin a stand-alone operation,” Alicanto Managing Director Peter George said.
“We are well funded for 2022 with our recent $7 million capital raising and we continue to grow the boundaries of the known mineralisation at Sala. The mineralisation remains open and we have three rigs drilling now.”
AQI shares were steady at 10.5 cents at 1:04 pm AEDT.