14th Jul 2021 20:38
Alien Metals Ltd- London-based mineral exploration and development company - Provides an update on the review and next steps for the exploration of its Donovan 2 copper-gold project in Mexico.
Following exploration and data gathering by Capstone Mining Inc, Alien will move the drill core from the Capstone facility in Zacatecas to a newly rented warehouse facility close to Donovan 2 and the San Celso permits at Rancho Nuevo. This facility will give Alien a secure and dry storage facility, as well as an area to process future drill core from all of its current projects.
Alien plans to complete "heel-to-toe" drilling at the site following the exploration program.
Chief Executive Officer Bill Brodie Good said: "In our view, Donovan 2 is still a highly underexplored asset and one that, we believe, offers a great deal of exploration potential. Following the recent termination of the earn-in agreement with Capstone Mining we have been hard at work reviewing the exploration they undertook, as well as reviewing all of our own historic exploration work. We are now finalising the next stage exploration programs for the project.
"We are undertaking a review and validation of Capstone's drilling, which could provide more information to use in target generation. The recent new samples taken by Alien from the old water well at Los Alamos further reinforces our belief in this project and its potential."
Current stock price: 0.81 pence
Year-to-date change: down 35%
By Aidan Lane; newsroom@alliancenews.com
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