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Alien Metals continues to make progress across its suite of exploration assets in Australia and Mexico

Alien's shares have gone up by more than twenty times in the past couple of months

Alien Metals Ltd -

Alien Metals Ltd (LON:UFO) has responded to a recent share price rise by informing the market about activities across its exploration and development portfolio in Mexico and Australia.

Recent field work at the Hamersley iron ore projects in Australia has now been completed, with 95 samples taken and more detailed mapping completed.

In Mexico, meanwhile, negotiations with Capstone Mining for a joint venture on the Donovan 2 copper-gold project in Mexico are continuing.

Elsewhere in Mexico, work is ongoing to secure drill permits to carry out maiden drill programs on the San Celso and Los Campos silver projects.

And back in Australia, Alien is finalising its trenching program on the Elizabeth Hill silver project, and is in the process of acquiring and processing a new data set for the new permit ELA 47/4422, which surrounds Elizabeth Hill.

The company is continuing to review other potential acquisition opportunities.

"The company is extremely pleased considering the global pandemic issues with the progress across all our projects and with the recent acquisition in Australia around Elizabeth Hill plus the field team's success in the Hamersley,” said chief executive Bill Brodie Good.

“We also have plenty in the pipeline to look forward to. We are confident that we will finalise the Capstone Mining agreement shortly and with our team in Mexico working hard to secure the necessary drilling permits are keen to start drilling at San Celso, Los Campos and Donovan 2 when able.”

Quick facts: Alien Metals Ltd

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Price: 0.85 GBX

Market Cap: £29.16 m

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