Alicanto Minerals (ASX:AQI) has returned ‘high-grade’ silver (Ag) grades up to 1,326 grams per tonne (g/t) Ag within multiple new zones at the Sala Silver-Zinc Project in Sweden.
The results, generated from step-out drilling comprising 2 diamond holes, have defined a new discovery about 600m north of the Prince Lode near the historic Bronäs mine, as well as an additional new discovery, named the Finntorpet target, 575m west of the Prince Lode.
Alicanto reports numerous new ‘significant’ results have been returned outside of the existing 9.7 million tonne (Mt) inferred mineral resource and that the results demonstrate the presence of Sala-style mineralisation within the interpreted ‘significant’ and untested Hyttskogen Fault Zone.
The company says it has also recovered, relogged, and resampled several holes from the Avesta Jernverk era, and the data indicate the presence of a ‘significant’ mineralisation footprint north of Sala, which constitutes a ‘high priority’ target for expanding the Prince resource to the north.
Key results from diamond drilling include hole SAL22-38 with 2.9m @ 42g/t Ag and 0.9% Pb from 266.7m; and hole SAL22-39 with 7.5m @ 31g/t Ag and 0.6% Pb from 14.7m, 5.6m @ 39g/t Ag and 1.3% Pb from 111.1m, 1.9m @ 65g/t Ag and 1.1% Pb from 121.1m, and 1.2m @ 87g/t Ag and 1.1% Zn from 495.9m.
Meanwhile, results from outside the resource include hole SAL23-40 with 3.8m @ 259g/t Ag, 0.2% Zn, and 8.6% Pb. Results from relogging of holes at Avesta Jernverk include 1.1m @ 1,326g/t Ag, 0.8% Zn, and 6.6% Pb, 3.9m @ 737g/t Ag, 1.2% Zn, and 11.8% Pb, and 1.3m @ 499g/t, 0.7% Zn, and 2.6% Pb.
Alicanto also notes geophysical downhole induced polarisation (IP) work is currently underway targeting mineralised extensions and new mineralised zones.
With the IP now underway, Alicanto announces it will shift its focus back to the recently acquired Falun Cu-Au-Zn-Ag Project in preparation for upcoming geophysical and drilling programs while these results are interpreted and reviewed.
Addressing the results, Alicanto Managing Director Rob Sennitt says: “The most recent drill program at Sala has been focused on identifying more of the high-grade silver and zinc which drove the success of the original Sala mine, which produced over 200Moz of silver at an average grade of 1,244g/t silver and up to 7,000g/t silver.
“These results continue to support our belief that we will be able to extend the current Resource.”
These results continue to support our belief that we will be able to extend the current Resource. They also highlight the potential to enhance the Resource through the presence of high-grade silver, which would ultimately create significant value for Alicanto shareholders.”
Alicanto Minerals is an ASX-listed company pursuing aggressive exploration campaigns in Sweden’s highly-regarded mining region of Bergslagen.
These include exploring its tenements around the ‘world-class’ Falun copper-gold and polymetallic skarn project, as well as seeking to identify high-grade silver extensions at the historic Sala silver-zinc-lead deposit and build upon its maiden inferred resource of 9.7Mt @ 4.5% ZnEq containing 311,000t of zinc, 15Moz of silver, and 44,000t of lead.
Write to Adam Drought at Mining.com.au
Images: Alicanto Minerals Ltd
