Alicanto Minerals (ASX:AQI) has extended known mineralisation at both the Mt Henry and Selene deposits from the first assays returned in the ongoing drilling campaign.
Drilling has extended known mineralisation by 75m down plunge at Mt Henry and 100m at Selene, with all six step-out holes intersecting thick sulphide-bearing banded iron formation mineralisation outside the existing resource areas.
The Mt Henry and Selene deposits currently account for most of the greater project’s 915,000-ounce resource estimate.
Assays returned from Selene include 28.6m @ 2 grams per tonne gold from 224m, including 12.4m @ 2.8g/t gold from 228m and 3.2m @ 4g/t gold from 236.8m; 26.9m @ 1.6g/t gold from 207.8m, including 9.7m @ 2.5g/t gold from 225m and 5m @ 3.7g/t gold from 227m; and 39.7m @ 0.9g/t gold from 187.5m, including 9.2m @ 1.1g/t gold from 218m.
Meanwhile, step-out drill assays from Mt Henry include 21.4m @ 1.6g/t gold from 159.6m, including 10m @ 2.8g/t gold from 166m; and 9.5m @ 3.5g/t gold from 176.5m, including 3.1m @ 7.3g/t gold from 177.8m.
Alicanto is still awaiting assays from nine holes, with drilling ongoing. The company currently has two rigs operating at the project, with another two rigs scheduled to begin drilling in late May 2026.
CEO Jeff Sansom says drilling to date marks an “outstanding start” to Alicanto’s resource growth strategy at Mt Henry.
“These results extend gold mineralisation below and along strike of the current resource and continue to reinforce our view that there is huge scope to grow the scale of gold mineralisation across the Mt Henry Gold Project,” Sansom says.
“Most of the current mineral resource sits within 100m of surface and there are extensive areas across the 16km-long mineralised corridor which have had little or no drilling.
“As drilling progresses, what stands out to us is how closely the results are lining up with our modelling, which points to a thick, consistent, and large-scale system with immense potential to grow the existing resource base.”
As reported by Mining.com.au, Alicanto is proposing a name change to Sinclair Gold to further reflect the company’s shift of strategic focus to Western Australian gold assets, after orchestrating the sale of its Swedish asset portfolio last week.
The name change includes a ticker code change to ‘SGC’ on the Australian Securities Exchange. This will be addressed at an upcoming general meeting, expected to be held in July 2026.
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
