Alicanto Minerals Kicks Off 50,000m Drilling at Mt Henry Gold Project
Alicanto Minerals is launching an extensive 50,000-metre drilling campaign at its newly acquired Mt Henry Gold Project in Western Australia, aiming to expand and upgrade its existing 0.9 million ounce gold resource.
- 50,000m multi-rig drilling campaign to start next month
- Focus on extending and upgrading 0.9Moz gold resource along 16km corridor
- Initial drilling targets Selene and Mt Henry deposits
- Three rigs planned by Q4 FY26 to accelerate exploration
- Positive engagement with Ngadju Native Title Aboriginal Corporation
A Bold Step Into Mt Henry
Alicanto Minerals Limited (ASX: AQI) is gearing up for a major exploration push at its recently acquired Mt Henry Gold Project, located in Western Australia's prolific Eastern Goldfields region. The company announced plans to commence a substantial 50,000-metre drilling program next month, signalling a decisive move to unlock the project's considerable resource potential.
Extending a Known Resource
The Mt Henry Project currently hosts a mineral resource of approximately 0.9 million ounces of gold, spread across a 16-kilometre mineralised corridor. Much of this resource lies within 150 metres of the surface, offering promising opportunities for rapid and cost-effective expansion. Alicanto's initial drilling efforts will concentrate on step-out targets at the Selene and Mt Henry deposits, aiming to extend mineralisation both along strike and at depth.
Multi-Rig Strategy to Accelerate Growth
The campaign will be executed by DDH1 Drilling Pty Ltd and is designed as a multi-rig operation. Starting with one diamond rig, Alicanto plans to scale up to three rigs; including a second diamond rig and a reverse circulation (RC) rig; by the fourth quarter of fiscal year 2026. This increased drilling intensity is intended to test the broader mineral system and significantly expand the resource base, potentially transforming Mt Henry into a district-scale gold project.
Community and Infrastructure Advantages
Importantly, Alicanto has acknowledged the support of the Ngadju Native Title Aboriginal Corporation, reflecting positive community engagement as the project advances. The Mt Henry deposits are situated on granted mining leases with excellent infrastructure access, including proximity to the sealed Coolgardie–Esperance Highway and established regional facilities, which could facilitate future development.
Looking Ahead
While the drilling results are yet to come, Alicanto’s methodical approach and multi-rig campaign underscore its commitment to demonstrating Mt Henry’s scale potential. The company’s management team brings a wealth of technical and commercial expertise, positioning Alicanto to capitalise on exploration success and potentially reshape its asset portfolio.
Bottom Line?
As drilling kicks off, all eyes will be on Alicanto’s assay results to see if Mt Henry can deliver the resource growth investors are hoping for.
Questions in the middle?
- How quickly will Alicanto receive and interpret initial drilling results?
- What are the potential timelines and hurdles for upgrading the resource to reserves?
- Could further discoveries along the 16km corridor significantly alter the project’s valuation?
