Alicanto Minerals Ltd. announce high-grade gold results from a diamond drilling programme at the company's 100%-owned Arakaka Gold Project in northwest Guyana, South America. Arakaka Mineralised Main trend is northwest dipping and hosts multiple saprolite pits on hill slopes over more than 12km of strike adjacent to extensive alluvial workings in the Arakaka valley which have produced >1Moz of gold over more than 100 years of operation. Alicanto completed 51 diamond drill holes for 10,478m over 1.4km of strike around the Purple Heart prospect area along the Arakaka Main Trend. This drilling was fully funded through Alicanto's Joint Venture with Nord Gold SE. Assay results have now been partially returned, with highlights including: 19.05m @ 7.43g/t gold from 260.75m in ARDD309 Including 0.5m @202.4g/t gold from 263.8m; 6.0m @ 11.15g/t gold from 69m in ARDD316 Including 0.5m @111.89 g/t gold from 71.5m; 0.54m @ 160.13g/t gold from 239.8m in ARDD329; 6.5m @ 5.44 g/t gold from 142.2m in ARDD306 Including 0.6m @47.44g/t gold from 143.5m; 2.9m @ 3.36g/t gold from 89m in ARDD281; 5.85m @ 1.98g/t gold from 190.33m in ARDD282; 0.55m @ 21.44g/t gold from 93.45m in ARDD323; 3.5m @ 2.39g/t gold from Surface in ARDD299; 0.75m @ 10.17g/t gold from Surface in ARDD303; 4.6m @ 2.32g/t gold from 163.4m in ARDD304; 5.45m @ 2.71g/t gold from 54m in ARDD319. All zones of gold anomalism are focused on shear zones located in and around diorite and porphyry intrusions of various compositions. Mineralisation ranges from bonanza style gold intercepts of visible gold in quartz veins to broad zones of disseminated mineralisation associated with arsenian-pyrite and pyrrhotite. Encouragingly both types of mineralisation are found within the same geological setting and so exhibit significant potential for bulk tonnage targets. Multiple, shallowly north-west dipping mineralised structures have now been identified through drilling within the Purple Heart prospect area over more than 1.4km of strike extent within the 12km long Arakaka Main trend. These structures show good continuity throughout the drill area and are frequently associated with the high-strain zones partitioned to the contacts of diorite and porphyry intrusive bodies. Recent drilling has also identified a previously unrecognised high-grade shoot component to mineralisation associated with flexures in the trace of the principal structures in the area, the Purple Heart and Central structures. Recently returned assays indicate the dimensions of these high-grade shoots to be of significant scale to lead to the potential development of significant gold resources. The high-grade shoots appear stacked and have an apparent, shallow northerly plunge that has now been traced down plunge over 500m and remaining open. Drilling spaced approximately 100m apart has defined two sub-parallel, shallowly plunging, high-grade shoots in the vicinity of the Purple Heart Pit. Drill hole ARDD309's significant intercept of 19.05m @ 7.43g/t gold from 260.75m represents the deepest drilling on the lower shoot whilst the significant intercept of 0.54m @ 160.13g/t gold in ARDD329 represents the deepest drilling on the upper shoot. Both high-grade shoots remain open at depth.