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Alicanto Minerals Ltd.
Summary
| Project: | Arakaka | |
|---|---|---|
| Deposit: | Xenopsaris, 14 Mile | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 8/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-8-2017: Alicanto Minerals Ltd. announces an Exploration/Drilling Update report for its Xenopsaris, 14 Mile deposit at the Arakaka project. Drilling results incl. 1.4m @ 9.14g/t Au from 23m. Alicanto Minerals Ltd (ASX: AQI) (“Alicanto” or “the Company”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Marcus Harden (Internal) | |
| ABSTRACT: | Alicanto Minerals Ltd (ASX: AQI) (“Alicanto” or “the Company”) is pleased to report targeted prospect scale drilling has commenced following the completion of prospect ranking work from compilation and integration of project datasets, including geology updates from reconnaissance drilling programmes. Results of recent work have defined numerous targets with resource potential within the 12km long and up to 2.5km wide mineralised Arakaka corridor. Four prospects within the main trend have been highlighted for follow-up work involving targeted diamond drilling. The successful reconnaissance drilling programmes at Arakaka have substantially expanded the footprint of known mineralisation over the past year, defining three major structures, each associated with gold mineralisation. A total of 25km of mineralised strike extent has been identified for potential follow-up work on the Arakaka Main Trend. Drilling has also identified numerous macro-scale folds within the metasediments which have historically been observed to host gold mineralisation on the Arakaka Main Trend, which again indicate a highly prospective structural architecture for focusing mineralising fluids. Each section of reconnaissance drilling on approximate 1km spacing hosts favourable gold mineralisation and contributes to defining the tectono-stratigraphic controls on mineralisation and de-risks the exploration process, providing vectors for areas assessed to have the best bulk tonnage potential. These priority targets have been defined in collaboration with Barrick Gold Corp. (“Barrick”). | |
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