Australia's Alicanto Minerals leaps on mineral finds in Sweden

Sinclair Gold

07/11/2022 24:52

** Shares of Alicanto Minerals Ltd  AQI.AX  rise as much as
29% to A$0.049 in their biggest intraday pct gain since Oct. 25,
2021
    ** AQI says first diamond drill hole at the
Skyttgruvan-Naverberg target in its Greater Falun Project in
Sweden found zinc, lead and copper sulphides, along with some
silver  urn:newsml:reuters.com:*:nASX1kLm5R 
    ** "While still early days, to hit multiple zones of
polymetallic massive sulphide in our first drill hole at one of
our priority targets at the Greater Falun Project is a great
result" - Managing Director Rob Sennitt
    ** Stock hits highest level since Sept. 16
    ** Trading volumes cross five times the 30-day average, with
3.8 million shares traded so far
    ** AQI down 67% YTD, as of last close
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))