Alicanto Minerals (ASX:AQI) is looking to begin maiden drilling at the Mt Henry Gold Project in Western Australia’s Eastern Goldfields next month.
The company has engaged DDH1 Drilling to cover 50,000m to extend known mineralisation along strike and at depth across a 16km corridor.
The corridor hosts the project’s current 900,000 ounce resource, with a majority of the prospective gold sitting within 150m from the surface.
Step-out drilling will target strike and depth extensions to existing resources at the Selene and Mt Henry deposits in the first stage of the program, followed by testing of broader mineralised envelopes.
Alicanto says the area highlights an opportunity for “rapid and cost-effective resource growth”.
CEO Jeff Sansom says Alicanto is aware of Mt Henry’s growth potential, and the company is “moving decisively to unlock it”.
“Initial drilling will focus on priority areas within the existing resource base, targeting extensions to known mineralisation, and opportunities to grow and upgrade the current 915,000 ounce resource,” Sansom says.
“With the first diamond rig imminently mobilising, the program will scale to include a second diamond rig and a reverse circulation rig.
“With three rigs online by Q4 FY26, drilling intensity across the 16km mineralised corridor will increase materially as we test the broader system and expand the project’s resource base.
“This campaign is designed to demonstrate the scale potential of Mt Henry and generate consistent exploration momentum”.
As reported by Mining.com.au, Alicanto completed the acquisition of the Mt Henry Gold Project last week (17 February) for a total consideration of $110 million.
The company says although the acquisition was only completed recently, it began preparing for this maiden drilling campaign in late 2025.
Alicanto Minerals is an emerging gold company focused on advancing the Mt Henry Gold Project in Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Alicanto Minerals
