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Alicanto Minerals Ltd.
Summary
| Project: | Arakaka | |
|---|---|---|
| Deposit: | Arakaka Main Trend | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 1/29/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-1-2020: Alicanto Minerals Ltd. announces an Exploration/Drilling Update report for its Arakaka Main Trend deposit at the Arakaka project. Drilling results incl. 19.05m @ 7.43g/t Au from 260.75m. Alicanto Minerals Ltd (ASX: AQI) (“Alicanto” or “the Comp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Marcus Harden (Internal) | |
| ABSTRACT: | Alicanto Minerals Ltd (ASX: AQI) (“Alicanto” or “the Company”) is pleased to announce highgrade gold results from a diamond drilling programme at the company’s 100%-owned Arakaka Gold Project in northwest Guyana, South America. Drilling at Arakaka was fully funded under Alicanto’s Earn-In-Agreement with Nord Gold SE. Alicanto’s CEO Peter George commented: “Our drilling at Arakaka in Guyana represents the first time there has been targeted diamond drilling on the prolific gold-producing Arakaka Main Trend. Alicanto has completed an initial 10,478m of diamond drilling over only 1.4km of the main trend fully funded through the Earn-In-Agreement with Nordgold. These initial encouraging high-grade results not only demonstrate the continuity of mineralisation throughout the area but also indicate that multiple high-grade gold shoots exist within the shallowly dipping, stacked mineralised structures. These high-grade shoots have an apparent, shallow, north plunge which will be the focus of further drilling following the geological integration of the current drilling. I am very pleased for the team to have discovered what we always firmly believed was in the ground at Guyana. This success, combined with intersecting high-grade massive sulphides in our maiden drilling program in Sweden, caps off a fantastic year for the Alicanto team and I am looking forward to what we will achieve in 2020.” | |
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