Alicanto Minerals (ASX: AQI) is pleased to report outstanding assays from recent drilling at its Sala SilverLead-Zinc-Copper-Gold Project in Sweden.

The results are considered highly significant because they reveal a new structure parallel to Sala as well as extensions to the historic Sala ore body hosting substantial high-grade and shallow massive sulphide mineralisation.

Alicanto Managing Director Peter George said the discovery of thick and high-grade massive sulphides in a parallel structure to Sala is highly significant. ''These exceptional results are a potential game-changer for Sala,' Mr George said. 'This new discovery lends significant strength to our belief that there is also more Sala-style, structurally-controlled galena and sphalerite mineralisation to be found in the NW-SE synforms and antiforms lying outside of the historic Sala mine. 'We are on track to complete the maiden JORC Resource at Sala this quarter, while drilling will continue to test for these repeat structures'

New Antiform Structure - Parallel to Sala

Recent drilling has intersected a highly mineralised north west trending antiform structure, 200m to the south-west of the Sala Mine. The structure is interpreted to be a parallel mineralised structure to the Sala Mine which produced 200Moz Ag from 5Mt of ore2 . The Sala Mine orebody itself is hosted in a north west trending synform and associated fault structure with high grade mineralisation concentrated around the hinge of the fold and fault intersection. New intersections from recent drilling into the new antiform structure include drillhole SAL22-26, which intersected a shallow (120m from surface) massive sulphide zone of sphalerite and galena with native silver: This is the first time this fold and associated fault control on high grade mineralisation has been identified in Alicanto's drilling around the Prince lode although it is known to be associated with the mineralisation at the Sala Mine. This structural control on the dominantly stratabound Prince mineralisation is an exciting development for the project as it not only provides a vector for targeting these zones of structural enrichment around Prince but also plays an important role in the regional targeting around the Sala Project with the likelihood of repeated fault and fold structures to the southwest. All these recent results will be included in the upcoming maiden resource which will include both the stratabound and structurally controlled lodes at Prince.

About Alicanto Minerals

Alicanto Minerals (ASX: AQI) is pursuing aggressive exploration campaigns in Sweden's highly-regarded mining region of Bergslagen. The first of these is targeting extensions of the historic Sala silver-zinc-lead deposit and the second involves greenfields exploration around the Greater Falun copper-gold and polymetallic skarn project. The Company is highly leveraged to exploration success and puts a strong emphasis on ensuring that drilling and news flow is ongoing. This approach underpins its strategy of creating shareholder value by discovering, growing and developing precious and base metal resources in the tier-one location of Sweden. The strategy is driven by a Board and Management team comprising a broad range of expertise, including extensive technical, operational, financial and commercial skills as well as experience in mining exploration, strategy, venture capital, acquisitions and corporate finance.

Contact:

Paul Armstrong

Tel: +61 8 9388 1474

Forward Looking Statements

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors constitute, among others, continued funding, general business, economic, competitive, political and social uncertainties; the actual results of exploration activities; changes in project parameters as exploration strategies continue to be refined; renewal of mineral concessions; accidents, labour disputes, contract and agreement disputes, and other sovereign risks related to changes in government policy; changes in policy in application of mining code; political instability; as well as those factors discussed in the section entitled 'Risk Factors' in the Company's rights issue prospectus. The Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, however there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

(C) 2022 Electronic News Publishing, source ENP Newswire