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Sala on song for Alicanto

Assays of up to 663 g/t silver and 41%
zinc will form part of Alicanto Minerals Ltd’s
upcoming maiden resource estimate for its
Sala project in Sweden.
Results included 3.9m @ 313 g/t silver,
3.2% lead and 9.6% zinc (including 1m @
663g/t silver, 5.8% zinc and 6.7% lead) and
14.0m @ 30 g/t silver and 7.6% zinc (includ-
ing 4.7m @ 47g/t silver and 13.6% zinc in-
cluding 1.1m @ 41% zinc and 17 g/t silver).
Alicanto said the zinc intersections were
important because they complemented the
potential of the silver and lead and could take
advantage of the mining infrastructure which
would be required to mine the silver. The encounter has expanded its partnership with BHP in the Northern Territory
high zinc grades are also analogous with
world-class silver-lead-zinc systems, includ-
ing Boliden’s nearby Garpenberg mine. BHP’s 75% interest target has been up- into the measured category, while another
Drilling is ongoing, with two diamond rigs scaled from $22 million to $25 million. 28.5mt from the previous inferred resource
operating as part of the fully funded 14,000m An exploration programme, including has been converted to indicated.
programme which will underpin the maiden seismic surveys and diamond drilling, to ad- Cinovec’s total measured and indicated
resource. This will be followed by step-out vance the understanding of the basin archi- resource jumped 372.4mt to 413.4t @
drilling targeting resource growth and further tecture and to define prospective deposition 0.47% lithium oxide and 0.05% tin.
discoveries. sites for sediment-hosted copper mineralisa- EMH also reported the final 10 diamond
“These exceptional massive sulphide zinc tion was expected to get under way shortly. core holes in the recent geomet drilling
intersections strongly complement the silver “Encounter identified the Greater McAr- programme. Best results were 101.7m @
and lead at Sala – this is a key characteristic thur Superbasin in the NT as having sig- 0.59% lithium (including 11.35m @ 0.85%),
of some of the leading polymetallic silver- nificant untested potential for the discovery 61m @ 0.66% lithium and 0.17% tin (includ-
lead-zinc mines around the world,” Alicanto of large sediment-hosted copper deposits ing 30.5m @ 0.3% tin), 13.3m @ 0.54%
managing director Peter George said. under shallow cover and we now control lithium (including 14.7m @ 0.60% lithium)
“The Sala mine produced over 200 moz of extensive portfolio in the region,” managing and 111.4m @ 0.54% lithium and 0.13%
silver from 5mt of ore down to the relatively director Will Robinson said. tin (including 21.15m @ 0.71% lithium and
shallow depth of 290m – there is a lot of po- The company holds a further 19,000sq 0.57% tin).
tential left in this amazing asset.” km of ground in the Territory understood to “The primary stated aim of this drilling
be prospective for copper. programme was to convert a larger portion
of the resource to the measured category
Encountering copper Cinovec sparkles with to provide greater certainty of the financial
with BHP uplift in lithium tonnes model and security to financiers,” EMH ex-
ecutive chairman Keith Coughlan said.
Seismic surveys and diamond drilling will “The results clearly indicate that the
be rapidly rolled out at Encounter Resources European Metals Holdings Ltd (EMH) programme has been successful with
Ltd’s Elliot copper project in the Northern has upgraded the resource at its Cinovec the robustness and consistency of the Ci-
Territory after unveiling an expanded formal lithium-tin project in the Czech Republic by novec resource further demonstrated. As
farm-in and JV agreement with BHP Ltd. 12.3mt to 708.2mt @ 0.43% lithium oxide we move closer to ultimate financing and
The size of the Elliot farm-in area has and 0.05% tin. offtake discussions, this higher degree of
been increased by 60% from 4,500sq km Some 53.3mt grading 0.47% lithium ox- certainty provides more funding options for
to 7,200sq km and the earn-in amount for ide and 0.08% tin has been reclassified the project.”

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aUSTRaLIa’S PaYDIRT NOVeMBeR 2021 Page 79