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Bill Brodie Good, CEO & Technical Director of Alien Metals #UFO discusses how initial drilling at San Celso and Donovan 2 intersect showed encouraging zones of alteration, which is highly promising for the potential presence of a VMS type mineralised system.
Highlights
· Drilling at the Donovan 2 Cu-Au Project has intersected a 78m zone of alteration and disseminated sulphides, including pyrite and arsenopyrite, from 107m (assays pending) in DONDD-A04.
· DONDD-A01 to A03 appear to have intersected a steeply dipping alteration zone at the Los Alamos 'well' target, associated with the 3.3% copper bearing samples historically taken by Alien in the well.
· A 40m long trench excavated above an intensely altered intersection identified in historic drill hole DON-21-003 intersected a calcite bearing vein, trending northeast for about 11m. This may be associated with a mineralised system.
· Initial drilling at the high-grade San Celso Silver project has intersected the targeted mineralised zone. The recently completed programme included three holes for 201 metres:
o Hole SCDD-A01 intersected a 4.9m zone of quartz/calcite alteration from 27.4m depth, as well as a zone interpreted to be historic underground working that the Company was not aware existed in this area.
o SCDD-A02 intersected a strongly altered, calcite rich zone from 28.5m to 31.6m depth and a second quartz-rich alteration zone at 71m for 1m.
o SCDD-A03 intersected a strongly altered, calcite-rich zone from 71m to 73.8m depth, similar to the intersection in hole SCDD-A02.
· Samples from drilling at San Celso and Donovan 2 have been submitted to the laboratory for analysis, with results expected in the coming weeks.
About Alien Metals
Alien Metals Ltd is a mining exploration and development company listed on the AIM market of the London Stock Exchange (LSE: UFO). The Company's focus is on precious and base metal commodities, with its operations located in proven mining jurisdictions and it has embarked upon an acquisition-led strategy headed by a high-quality geological team to build a strong portfolio of diversified assets. In 2019, the Company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and with a conditional agreement to increase its interest to 90% in May 2021 also being put in place.
The Company acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Silver Mine Mining Lease and the 115km2 exploration tenement around the mine. The Company also holds two silver projects, San Celso and Los Campos, located in Zacatecas State, Mexico, Mexico's largest silver producing state, which produced over 190m Oz of silver in 2018 alone, accounting for 45% of the total silver production of Mexico for that year. The Company also holds a Copper Gold project in the same region, Donovan 2.
In March 2022 the Company acquired 100% of the former joint venture interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia, one of Australia's major underexplored PGE and base metals projects. Munni Munni holds a historic deposit containing 2.2Moz 4E PGM: Palladium, Platinum, Gold, Rhodium.
The Company was also awarded an Exploration Licence in Greenland in late 2020, which surrounds the world class Citronen Zinc-Lead deposit.