leadf
logo-loader
viewAlien Metals Ltd

Alien Metals reveals plans for maiden exploration drilling at Donovan-2

The campaign is slated to start as soon as possible.

Alien Metals Ltd - Alien Metals reveals for maiden exploration drilling at Donovan-2

Alien Metals Ltd (LON:UFO) has detailed plans for a maiden exploration drilling campaign for the Donovan-2 copper-gold volcanic massive sulphide (VMS) project in Mexico.

It has defined three targets for the campaign - two of which are in the Cerro de la Cruz area and is described as “coincident geological features within a broad well-defined corridor” and another is said to have proven copper mineralisation from shallow historic underground workings.

READ: Alien Metals looks back on stellar “year of growth”

According to Alien Metals all targets are robust and require drilling to develop the project. The company said it plans to drill six holes, for 1,000 metres. Work is slated to start as soon as possible.

"We have extensively reviewed all available data including some reinterpretation work as well as using one of our consultants experience and knowledge of the San Nicolas VMS deposit just down the road to lead us to this maiden drilling program which we feel now provides us with some exciting targets,” said Bill Brodie Good, technical director.

“The company will work as efficiently as possible to update the existing drill permission documentation and work to get the drilling started as soon as is safely possible under the current situation."

Quick facts: Alien Metals Ltd

Price: 0.665 GBX

LSE:UFO
Market: LSE
Market Cap: £18.61 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Alien Metals Ltd named herein, including the promotion by the Company of Alien Metals Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Alien Metals' all set to refine newly established targets at Hamersley

Alien Metals Ltd (LON:UFO) Bill Brodie Good talks to Proactive London's Katie Pilbeam about their next stage of exploration at the Hamersley iron ore projects in Australia. Brodie Good explains how pleased he is with the results and findings of the recent detailed data compilation, which will...

13 hours, 33 minutes ago

2 min read