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Alicanto Minerals Ltd.
Summary
| Project: | Ianna | |
|---|---|---|
| Deposit: | Ianna | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 2/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-2-2018: Alicanto Minerals Ltd. announces an Exploration/Drilling Update report for its Ianna deposit at the Ianna project. Drilling results incl. 145m @ 0.8g/t Au from 0m. Alicanto Minerals Ltd (ASX: AQI) (“Alicanto” or “the Company”) is pleased to ann | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Marcus Harden (Internal) | |
| ABSTRACT: | Alicanto Minerals Ltd (ASX: AQI) (“Alicanto” or “the Company”) is pleased to announce confirmation of significant gold mineralisation from the Company’s maiden drill program at the Ianna Gold Project, located in Guyana’s highly prospective Northwest Mining District. Extensive hydrothermal alteration associated with significant gold assays in initial drill tests are reported at each of four drilled target areas representing over 12km of strike extent potential across three mineralised structural trends within the 114km2 Ianna Project Area. Alicanto’s Managing Director commented, “These initial results from Alicanto’s maiden diamond drill programme confirm both the potential for significant tonnage in areas of known mineralisation and have identified new mineralisation with discovery potential at several targets that are seeing their first drill bit. Of particular interest are the wide zones of extensive alteration and mineralised veining coincident with significant gold mineralisation in IDD002, which more than doubles the depth potential for mineralisation on a target that remains open in all directions. The results to date are indicative of a large-scale gold mineralising system at Ianna capable of potentially yielding a multi-million-ounce disseminated and lode gold resource.’’ Alicanto’s Ianna Gold Project is a stand-alone project located 25km southeast of the Company’s Arakaka Project, currently being funded by Barrick Gold Corp. subject to US$10m in funding requirements in accordance with an earn-in Agreement(refer to ASX release dated 11 December 2017). Both project areas are located within the highly prospective Barama-Waini greenstone belt, with the Arakaka Gold project located approximately 140km along trend of the 16.9M oz Las Cristina and 10Moz Las Brisas gold camps, and the Ianna Gold Project located 45km from the 3moz at 2.99g/t gold Aurora Gold Mine. | |
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