Alien Metals Ltd (AIM:UFO, OTC:ASLRF) has now received all laboratory analysis results for the recent limited drilling program on the San Celso and Donovan 2 projects in Mexico.
Seven holes were drilled for a total of 611 meters (m).
Three holes were drilled at San Celso for 201m, and four holes at Donovan 2 for 410m.
No significant intersections were returned for San Celso.
An anomalous section was identified with a 1.87m interval in hole DONDD-A03 on Donovan 2 returning an assay of 0.33% copper, with minor associated lead and zinc, from a depth of 9.43m to 11.3m.
The Donovan 2 drilling, while not returning any significant mineralised intercepts, did identify a 34m zone of weakly anomalous zinc in hole DONDD-A04, which could be an indication of weaker mineralisation close to a higher-grade orebody below.
The company is reviewing all data now available on the project to decide whether any future programs are warranted. It is worth noting that the nearby San Nicolas deposit was discovered at a depth of 200m, so the target zone at Donovan 2 could be deeper than previously tested.
At San Celso, the local stakeholders have recently advised Alien that they will now not allow the company to drill in the central licence, which is unfortunately the priority target area for future drilling. Subsequently, no further work will be done on the San Celso project until future access can be secured.
"While we are highly disappointed with the news from San Celso meaning we have not secured access to advance the project as previously planned, we are encouraged by the anomalous results from the Donovan 2 assays, even though they lack any single assays that investors may deem economic,” said Bill Brodie Good, chief executive of Alien Metals.
“Geologically, enough indicators are present for us to remain optimistic and they may provide vectors to a potentially larger zone of mineralisation. While we will continue to review the next phase of activity for these projects, the company will continue to push forward with the Hancock Iron Ore Project and the Munni Munni Complex in Western Australia."