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Alicanto Minerals identifies four new copper-gold skarn targets for drilling in Sweden

The company has discovered seven copper-gold skarn (a hard, coarse-grained metamorphic rock) systems since January 2020 in the Greater Falun area.

Alicanto Minerals - Alicanto Minerals identifies four new copper-gold skarn targets for drilling in Sweden
Drilling of selected targets will commence in September

Alicanto Minerals Ltd (ASX:AQI) has identified four new skarn targets for drilling and has applied for three new tenements at the Greater Falun Copper-Gold Project in Sweden.

With these four new targets, the total number of copper-gold skarns discovered by the company rose to seven, all since January 2020 and within a 15-kilometre radius of Greater Falun.

The three new tenements - Stone Lake, Heritage Valley and Swamp Thing - contain several copper-gold skarn targets in addition to those previously confirmed at Wolf Mt, Heden and Lustebo.

High-grade copper and gold

Alicanto has discovered high-grade mineralisation at the Birch Mountain target, where granite rock chips assayed 4.9% copper and 0.3g/t gold within a copper-gold intrusion.

At Stone Lake, grab samples from the waste dump at a historical iron mine identified a massive garnet skarn with 1.81% copper.

Grab samples from a historical test mining area at Swamp Thing Mine identified a copper-gold skarn with 1.81% copper.

Drilling to start next month

Alicanto managing director Peter George said: “These latest high-grade copper-gold results from the recent surface mapping campaign continue to strongly support Alicanto’s interpretation of the significance of the previous Wolf Mt, Heden and Lustebo Cu-Au skarn discoveries.

 “A regional distribution with seven (so far) of these copper-gold skarn systems has now been identified in the Greater Falun area.

“We are looking forward to the start of drilling next month”.

Exploration plan

Alicanto is currently interpreting synthesised historical air magnetic surveys, from across a significant portion of the company’s tenements, into a comprehensive tectonic model.

The company has also completed an expanded IP (induced polarisation) survey at the Wolf Mountain Project which is currently being interpreted by geologists.

This will be followed by ground electromagnetic (EM) surveys and interpretations at Naverberg and Heden, ahead of drilling selected targets, commencing in September 2020.

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