Alicanto Managing Director
Details of Results
The diamond drill holes SAL21-07 to SAL2-13 have intersected multiple zones of mineralisation with sphalerite, galena and silver in various amounts. The drillholes were drilled perpendicular to the main stratabound mineralisation dipping 50 degrees towards the west. Primary replacement skarn hosted by breccia-style structures are thought to give bonanza grades and widths in a different direction along that plate.
Updated Geological Review
Recently published academic research has outlined several stratabound medial magnetite-serpentine horizons in Sala closely associated with Zn-Pb-Ag mineralisation. The magnetite-serpentine represents targeting vectors for stratabound sphalerite dominated mineralisation and has a magnetic signature detectable with modern geophysical equipment from surface and air. Several branches of stratabound sulphide mineralised magnetite-serpentine horizons have been identified, interpreted to each represent different stratigraphic levels of the limestone sequence. Classic Sala galena-silver dominated mineralisation is strongly structurally controlled and crosscuts the stratabound type. Locally the silver-rich mineralisation has a low content of sulphides, with silver occurring in sulphosalts. A third mineralisation style represents more intrusion-proximal massive pyroxene with strong sphalerite mineralisation. This has only been identified at the Glas workings in the southern part of the system and represent a highly attractive exploration target for future work. In addition, newly published material by the government's geological survey covers all known sulphide showings in
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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.
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