Alien Metals Ltd (LSE AIM:UFO), a global mineral exploration and development company, is pleased to update the market on its high-grade silver and copper-gold projects. Zacatecas, Mexico.
Strong points
Drilling of the Company’s high-grade silver projects in Mexico started with a highly accredited local drill group contracted to complete the diamond program
The first holes to be drilled will be at San Celso Silver Project
Drilling at the San Celso and Los Campos silver projects will target mineralized vein systems previously mined for their high-grade silver where grades greater than 1,000 g/t silver have been reported historically
In addition to the high-grade silver projects, the Company is also drilling at Donovan 2 CuAu project
Drilling at Donovan 2 will target a potentially significant copper zone that has been associated with a previously reported 3.34% Cu sample taken from the Los Alamos water well
Bill BrodieGoodCEO and CTO of Alien Metals, commented: “After a two-year Covid-induced delay, we are finally starting the next round of exploration on our highly prospective Mexican assets. Personally, I am very happy to be here in person to witness the start of a long-awaited first drilling program.
Over the past two years the home team have worked very hard under difficult conditions to manage the program and move it forward at this stage. “We are also very happy to be able to integrate a local undergraduate student into our team and provide her with hands-on training and support for her tuition. Hired drillers are highly recommended by from Mexico Environment Agency for the quality of their work, so it is a pleasure to work with them.’
Following the announcement of the February 10, 2022the Company can confirm that its inaugural drill program has begun at San Celso.
The San Celso and Los Campos the silver projects both contain historic, ultra-high-grade underground silver mines, dating back more than a century. Both exhibit the classic high-grade, narrow-vein epithermal mineralization associated with regional metallogenic belt mineralized systems that Zacatecas overlaps. A detailed grid drill program has been planned for both projects to enable future resource calculations, while these initial drill programs are based on wide-spaced initial holes in the more detailed grids to identify thickness, the original grade and continuation of mineralization.
This method means that the Company can cost-effectively test both projects in a first phase, to facilitate planning and targeting of the next phase according to the results, rather than testing only one of the two very promising projects in the departure. The objective of the Donovan 2 copper project is to locate the deep source of high-grade copper pit samples, up to 3.34% Cu, collected within the Los Alamos good. The Company feels that this has not been sufficiently tested to date and looks forward to being able to fully test this lens.
Contact:
Foreign Metals Limited
Bill BrodieGood
CEO and Technical Director
St James
Corporate Services
Company Secretary
Tel: +44 20 7796 8644
Beaumont Cornish Limited
Nomadic
James Biddle
Roland Cornish
WEB: www.beaumontcornish.com
Tel: +44 (0) 207 628 3396
Turner Pope Investments (TPI) Limited
joint broker
Andrew Thacker
Jacques Pope
Tel: +44 (0) 20 3657 0050
WH Ireland Ltd
joint broker
Harry Ansell
Katy Mitchell
Tel +44 (0) 207 220 1666
PR Yellow Jersey
Financial Public Relations
Sarah Hollins
Annabel Atkins
James Lingfield
Email: [email protected]
Tel: +44 (0) 20 3004 9512
Alien Metals Ltd is a mining exploration and development company listed on the AIM market of the London Stock Exchange (LSE: UFO). The company is focused on precious and base metals with its operations located in proven mining jurisdictions and has embarked on an acquisition strategy led by a high quality geological team to build a strong portfolio of diversified assets . In 2019, the Company acquired 51% of the high-grade iron ore projects (Direct Shipping Ore) from Brockman and Hancock Ranges and with a conditional agreement to increase its interest to 90% in May 2021 also set up. The Company acquired 100% of the Elizabeth Hill Money Projectwhich includes the Elizabeth Hill Historic Silver Mine Mining Lease and the 115 km2 exploration concession around the mine. The Company also owns two silver projects, San Celso and Los Camposlocated in the state of Zacatecas, Mexico, from Mexico the largest silver-producing state, which produced more than 190 million ounces of silver in 2018 alone, representing 45% of the country’s total silver production Mexico for that year. The Company also owns a Copper Gold project in the same region, Donovan 2. March 2022 the Company acquired 100% of the former joint venture’s interest in Munni Munni Platinum Group Metals and gold project in the Western Pilbara, Western Australiaone of australia large under-explored PGE and base metal projects. Munni Munni holds a historical deposit containing 2.2Moz 4E PGM: Palladium, Platinum, Gold, Rhodium. The Company also obtained an exploration permit in Greenland at the end of 2020, which surrounds the world-class Citronen zinc-lead deposit.
