Alien Metals Ltd (LON:UFO) has said the latest sampling programme conducted on the San Celso and Los Campos silver projects in Mexico has returned results that strongly correlate with historic work, increasing confidence in future drilling programmes to be undertaken at both, with the grades highly encouraging.
The company also said it has signed final legal documentation to allow it to carry out exploration work with an option to acquire the Nueva Andromeda permit located contiguous to the east of the San Celso project area.
Both of these events tie into the long-term development plans for these projects, and it is notable that Alien continues to increase its silver footprint in Mexico.
It is thought that the acquisition of the Nueva Andromeda permit will enhance the potential of San Celso, as the combined project area hosts the potential to be a sizeable, high-grade silver project.
"We are pleased to have completed further underground and surface sampling at San Celso and Los Campos,” Alien Metals' chief executive Bill Brodie Good said in a statement.
“In total, 12 samples were collected across the projects as well as some surface reconnaissance on neighbouring ground on strike south of the San Celso project area with signs of further historic mining. The results further validate the high-grade underground grades. The continuity away from the historic workings encourages us to push ahead with the next stage drilling work.”