Alicanto uncovers world class 87m intercept of high-grade zinc, silver in new zone

Christmas has come early for Alicanto with newly acquired historical drill data identifying a new zone of mineralisation with sensational zinc and silver intercepts.

The top world-class intercept of 87m at 5.3% zinc and 40 grams per tonne (g/t) silver including 2.1m at 36.4% zinc is located within a previously unknown zone about 200m southeast of the Prince Lode and highlights the potential of the company’s Sala silver-lead-zinc project in Sweden.

Further demonstrating the value of this data, the previously unreleased data includes spectacular massive sulphide intersections with a ultra high-grade intercept of 0.4m at 6,812g/t silver within a 2.5m zone at 1,374g/t silver.

In addition, the release of the data from 12,225m of drilling in 57 holes by the Swedish Geological Society is expected to save both time and money.

Half the assays are located within the Stage 1 resource target area that is being drilled, which will provide the company with significant savings while the remaining assays will give the Stage 2 program a head start and demonstrates the considerable upside potential.

Alicanto Minerals (ASX:AQI) will incorporate the data into its maiden JORC resource, which is scheduled for release in the coming quarter.

“The grades and widths of the mineralisation are spectacular and many of the intersections sit within the area we are currently targeting for our maiden JORC-compliant resource,” managing director Peter George said.

“Not only will this data save us 5,000m of drilling, time and money, but the strength of the results will also help underpin our resource estimate.

“When combined with the 200Moz silver produced historically and the exceptional results we have been generating from our own drilling, it is clear that Sala is a world-class mineralised system with immense exploration upside.”

Two rigs are currently operating at Sala targeting the Prince lode with a third rig expected to start in the coming weeks.

Historical drilling data

The historical drilling by Boliden, the previous owner of Sala, confirmed the presence of high-grade mineralisation across Alicanto’s maiden resource target area and demonstrated the continuity of the mineralised system that remains open in all directions.

The relationship between the lodes is currently being investigated by the geological team, with ongoing drilling rapidly advancing the geological understanding of the area.

Other massive sulphide intersections include:

10.5m at 167g/t silver, 7.7% zinc and 3.5% lead;
2.1m at 660g/t silver, 2.8% zinc and 6.6% lead;
4.7m at 225g/t silver, 1.7% zinc and 0.5% lead; and
3.8m at 515g/t silver, 8.2% zinc and 1.4% lead.

Adding further interest, two of the holes also intersected high-grade copper-gold – including 1.75m at 2.5% copper and 0.2g/t gold – about 600m north northwest of the historical Sala silver mine, the first time that copper-gold has been recognised in the system.

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.