Alicanto Minerals Secures Funding for Extensive Falun Drilling Program

Alicanto Minerals Ltd (ASX: AQI) has successfully garnered binding commitments for an AU$3 million placement, priced at AU$0.04 per share. The raised funds will predominantly fuel a significant diamond drilling initiative, targeting high-priority zones with potential for swift resource expansion at the Falun copper-gold project in Sweden.

The campaign encompasses key areas surrounding the historical Falun mine, as well as the promising 3.5km corridor linking Falun with mineralization at the Skyttgruvan-Naverberg site. Ground crews are actively conducting geophysical surveys, paving the way for drilling set to commence this quarter. The Falun mine, renowned for its past excellence, produced noteworthy copper, gold, zinc, lead, and silver yields before limited modern exploration. This placement underscores Alicanto's commitment to revitalizing this promising venture.

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