Alien Metals starts drill programme at Donovan 2 project

Alien Metals Ltd (LON:UFO) confirmed the start of its maiden drill programme at the Donovan 2 project in Mexico.

Drilling began ahead of schedule on Thursday, February 25, the company said. The whole programme will comprise some 2,500 metres.

Partner Capstone Mining Corp is managing and funding the programme.

The first hole (DON21-001) is testing a target which previously in sampling saw 3.3% copper coincident with an IP geophysical anomaly.

"It is very exciting that Capstone is already drilling the first hole at Donovan 2 in such a short timeframe,” said Bill Brodie Good, chief executive.

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“Both parties are very encouraged by the results of the recent IP survey and the reprocessing and interpretation of all the historic data collected by Alien.

“We now have three geophysical targets including the Los Alomos project. With the copper price at its highest for over nine years and continued demand, this positive news is very well timed and we are excited to see the results.”

He added: “We look forward to updating the market as the drilling progresses and watching this project grow quickly into a significant entity."