Alien Metals Share News (UFO)

(Sharecast News) - Mining exploration and development company Alien Metals updated the market on exploration at its wholly-owned Donovan 2, Los Campos and San Celso concessions in Zacatecas State, Mexico on Thursday.The AIM-traded firm said at Donovan 2, detailed surface mapping and sampling had taken place, with further work undertaken at surface to support the identification of VMS ore deposit.Channel sample assays of up to 1.15% copper were identified in historic workings, with the company also reporting float samples up to 0.45 parts per million of gold.It said high-grade mineralisation was still being discovered in historic workings, which were open along strike, and reported further indications of a geological signature of a buried volcanic-hosted massive sulphide system at depth.A planned ground induced polarisation geophysical survey would be completed across the main magnetic anomalies, Alien said, in a bid to better understand and define the northwest mineralised trend for first phase of drilling.Following a review of all the company's concessions in Mexico, in addition to Donovan 2, the board said prioritisation for the third quarter had been given to follow-up exploration work at Los Campos and San Celso, as well as the planning of detailed surface mapping and sampling in combination with additional underground sampling of historic workings to identify robust drill targets.An induced polarisation geophysical survey would also be completed on the Los Campos concession, in conjunction with a surface sampling and mapping programme."The presence of gold at Donovan 2 comes as no surprise given the Minera Frisco El Coronel gold mine is within ten kilometres of the project," said Alien Metals chief executive officer Peter Taylor."With further exploration planned at Los Campos where the project adjoins Endeavour Silver's El Compas gold mine and at San Celso, the subject of the company's original AIM listing, Alien is delivering on its strategy of putting money into the ground and increasing confidence in the assets to potential joint venture partners."