Alicanto Minerals Ltd (ASX:AQI) is firming up a suite of high-priority brownfield precious and base metals targets near the historical Falun mine in Sweden.
Recent electromagnetic and gravity surveys have provided ample data for the AQI field team to better its understanding of Falun’s prospectivity and the surrounding brownfield development.
Together with some historical drill hole insights, the data has been loaded into a 3D geological model to help Alicanto generate the next generation of near-mine targets.
With the new information at hand, the team has opted to conduct new surveys on the hunt for a Falun-style repeat deposit.
The Falun deposit plan view, including high-priority unmined targets.
Back in its heyday, the Falun mine produced 28 million tonnes of ore at 4% copper, 4 g/t gold, 5% zinc, 2% lead and 35 g/t silver.
Notably, Alicanto’s newly identified zones sit outside the historical mine and are not impacted by historical mining voids.
Ready for diamond drilling this quarter
Alicanto managing director Rob Sennitt said: “We continue to see more evidence of the significant potential at Falun as we complete each phase of our work.
“The acquisition of the permit containing the historical Falun mine and our efforts to locate and analyse historic drill core have allowed us to compile detailed geological models enabling us to further improve our understanding of the geology and key structures at Falun.
“The combination of the continuing electromagnetic and gravity surveys, and analysis of the historic core, demonstrates the significant exploration upside at Falun, in particular within the 3.5-kilometre corridor between the historical Falun mine and the high‐grade mineralisation intersected last year at Skyttgruvan‐Naverberg.
“We now have a pipeline of high-priority targets, ensuring we are well positioned for the start of the diamond drill program this quarter.”
Regional potential
Beyond the near-mine targets, all eyes are on the 3.5-kilometre trend that runs between the Falun mine and high-grade mineralisation at the Skyttgruvan‐Naverberg target.
The image below shows several regional prospects of interest along this trend, where Alicanto’s tenure is highly prospective for repeat volcanogenic massive sulphide (VMS) style mineralisation.
Regional targets along the 3.5-kilometre trend.
Alicanto has big plans to move on this untested horizon, starting with surface geophysics in preparation for the upcoming drill program.
The explorer will keep the market updated as it plans its next steps at Falun.
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