A 4.7m intersection of massive sulphides at 24.4% zinc, 875 g/t silver and 3.7% lead has been dubbed a ‘major breakthrough’ by Alicanto’s board after revealing a new structure parallel to Sala.

Extensions to the historic Sala ore body have also been identified, which host high-grade and shallow massive sulphide mineralisation only 120m from surface.

The mineralised fold and fault structure, which is parallel to the world-class Sala Mine (200Moz silver produced historically), highlights the potential for repeats of Sala-style mineralisation.

Alicanto (ASX:AQI) says this latest hit and structural control appears to be related to strong mineralised parts of previously drilled intersections such as 49.7m at 18g/t silver and 3.9% zinc from 331.9m, including 4m at 62g/t silver and 6.9% zinc from 353.2m.

More Sala-style mineralisation to be found

AQI managing director Peter George said the discovery of thick and high-grade massive sulphides in a parallel structure to Sala is highly significant.

“These exceptional results are a potential game-changer for Sala,” George said.

“This new discovery lends significant strength to our belief that there is also more Sala-style, structurally controlled galena and sphalerite mineralisation to be found in the NW-SE synforms and antiforms lying outside of the historic Sala mine.

“We are on track to complete the maiden JORC Resource at Sala this quarter, while drilling will continue to test for these repeat structures”.

Results to be included in upcoming MRE

This is the first time this fold and associated fault control on high grade mineralisation has been identified in Alicanto’s drilling around the Prince lode, although it is known to be associated with the mineralisation at the Sala Mine.

This structural control on the dominantly strata bound Prince mineralisation is an exciting development for the project as it not only provides a vector for targeting these zones of structural enrichment around Prince but also plays an important role in the regional targeting around the Sala Project with the likelihood of repeated fault and fold structures to the southwest.

All these recent results will be included in the upcoming maiden resource estimate (MRE) which will include both the stratabound and structurally controlled lodes at Prince.



This article was developed in collaboration with Alicanto Minerals, 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.