Alicanto Minerals has completed a geological review of data from the historic Falun copper-gold-zinc-silver-lead mine in Sweden which has flagged high-priority brownfields targets for testing in its upcoming diamond drilling program.

All available historic data has now been uploaded into a comprehensive digital 3D model to assist with drill targeting.

Newly compiled, previously unreleased historical intersections outside the mine area include:

  • 15.5m at 2.0% copper;
  • 6.6m at 2.8% copper, 1.4g/t gold;
  • 2.8m at 2.5% copper, 4.1g/t gold, 103g/t silver; and
  • 7.7m at 8.2% zinc, 1.6% lead, 0.2% copper, 0.6g/t silver.

Several large targets for both copper/gold style and zinc/copper style areas have been modelled, incorporating this new data together with previously announced intersections including:

  • 50.8m at 3.4g/t gold, 0.5% copper;
  • 37.4m at 23.6g/t gold, 0.5% copper;
  • 11.6m at 61.2g/t gold, 1.2% copper; and
  • 7.2m at 7.2% copper, 1.1g/t gold, 75g/t silver.

The deposit remains open in all directions with historical broad reconnaissance style drilling intercepting mineralisation – in addition to untested high‐priority down hole Electro‐Magnetic conductors indicating further targets for drill testing.

 

Rapid resource growth could be on the cards

The historic Falun mine produced 28Mt at 4% copper, 4 g/t gold, 5% zinc, 2% lead and 35 g/t silver.

The newly identified zones sit outside the historic mine and are not impacted by historical mining voids, as such, the company says the brownfields targets have the potential to deliver rapid resource growth around the historic Falun mine.

“We continue to see more evidence of the significant potential at Falun as we complete each phase of our work,” Alicanto Minerals (ASX:AQI) MD Rob Sennitt said.

“The acquisition of the permit containing the historic Falun mine and our efforts to locate and analyse historic drill core have allowed us to compile detailed geological models enabling us to further improve our understanding of the geology and key structures at Falun.

“The combination of the continuing EM and gravity surveys, and analysis of the historic core, demonstrates the significant exploration upside at Falun and in particular within the 3.5km corridor between the historic Falun mine and the high‐grade mineralisation intersected last year at Skyttgruvan‐Naverberg.

“We now have a pipeline of high priority targets ensuring we are well positioned for the start of the diamond drill program this quarter.”

 

 

This article was developed in collaboration with Alicanto Minerals Limited, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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