Alicanto Minerals announced the completion of its phase 1 drilling program at Falun. As part of the program, the company tested three key areas, namely Skyttgruvan-Näverberg, Krondiket and Galgberget. At Krondiket, the company intersected the continuation of the Falun stratigraphic sequence and identified proximal alteration that is currently interpreted as a new upflow zone. At Galgberget, drilling intersected strong proximal alteration and identified an off-hole conductor that is believed to be the southern extension of the Falun deposit.
The mineralization intersected at Skyttgruvan indicates that the mineralized system is significantly larger than previously thought. The latest drilling tracked multiple conductors, with intersections returning 2.95m @ 0.9% Cu, 5% Zn, 2.3% Pb, 0.11g/t Au, 119g/t Ag in drill hole GRO2424 and 2.65m @ 5.1% Zn, 2.8% Pb, 33g/t Ag in drill hole GRO2323.
Results from the drilling campaign are currently being evaluated to prepare for the next phases of exploration. The company notes that it is considering several options to fund this exploration program, including strategic partnerships.
Long and cross-section showing the location of completed drilling at Skyttgruvan-Naverberg (Source: www.alicantominerals.com.au)
