Alicanto Minerals provided an update on its ongoing diamond drilling program at the Falun copper-gold project in Sweden. Drilling at Krondiket was designed to test a gravity anomaly together with historic copper showings associated with the ore horizon. The drill hole intercepted highly altered footwall mineralization that the company associates with a new upflow system rather than a continuation of the known Falun deposit.
Testing the SE extension of the Falun deposit, drilling at Galgberget resulted in the interception of strong footwall mineralization as well as an off-hole electromagnetic conductor that could represent the extension of the known deposit. The company notes that the rig has now moved to the Skyttgruvan prospect, where previous drilling identified high-grade mineralization and a significant off-hole conductor.
Map over high-priority targets in the vicinity of the historic Falun mine (Source: www.alicantominerals.com.au)
