- Alicanto Minerals (AQI) releases a maiden inferred mineral resources estimate (MRE) for its Sala Project in Sweden
- The MRE reads 9.7 million tonnes at 4.5 per cent zinc equivalent containing over 311,000 tonnes of zinc, 15 million ounces of silver and 44,000 tonnes of lead
- Additionally, it contains a near-surface breccia zone of 4.5 million tonnes at six per cent zinc equivalent containing 8.5 million ounces of silver and 201,000 tonnes of zinc
- It was independently estimated by Cube Consulting and used previously reported data including more than 20,000 metres of drilling since Alicanto acquired the project in February 2021
- Shares in Alicanto are down 15.2 per cent and were trading at 6.7 cents at 3:09 pm AEST
Alicanto Minerals (AQI) has released a maiden inferred mineral resources estimate (MRE) for its Sala Project in Sweden.
The MRE reads 9.7 million tonnes at 4.5 per cent zinc equivalent containing over 311,000 tonnes of zinc, 15 million ounces of silver and 44,000 tonnes of lead.
Additionally, it contains a near-surface high-grade breccia zone of 4.5 million tonnes at six per cent zinc equivalent containing 8.5 million ounces of silver and 201,000 tonnes of zinc.
It was independently estimated by Cube Consulting and used previously reported data including more than 20,771 metres of drilling since Alicanto acquired the project in February 2021.
The mineralised system remains open at depth below the Prince and Sala lodes for further growth.
“This is an outstanding maiden resource which demonstrates the growing scale and quality of the Sala project. The fact that we established such a substantial resource in just over a year of taking ownership also highlights the strength of the mineralisation and the immense ongoing growth potential,” Managing Director Peter George commented.
“We believe there is significant inventory growth to come, with the mineralisation open in every direction and numerous highly prospective targets to drill.
“We will maintain the pace of drilling to unlock the full value of this asset, creating significant value for Alicanto shareholders in the process.”
Shares in Alicanto were down 15.2 per cent and were trading at 6.7 cents at 3:09 pm AEST.