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Pin to quick picksAlien Metals Share News (UFO)

Share Price Information for Alien Metals (UFO)

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Alien Metals says new drilling finds "encouraging" zones of alteration

Tue, 10th May 2022 14:33

(Alliance News) - Alien Metals Ltd said on Tuesday said it was pleased with initial drilling at its silver and copper-gold projects in Zacatecas, Mexico.

Alien is a London-based mineral exploration company focused on Australia, Mexico and Greenland.

It said it intersected a 78-meter zone of alteration and disseminated sulphides at the Donovan 2 copper-gold project. Drilling has 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.

Initial drilling at the San Celso silver project has intersected the targeted mineralised zone.

Samples from drilling at San Celso and Donovan 2 have been submitted to the laboratory for analysis.

Chief Executive Officer Bill Brodie Good said: "We are very pleased to see this initial drilling at San Celso and Donovan 2 intersect showing encouraging zones of alteration.

"The team continues trenching and sampling activities at priority zones at San Celso, Donovan 2 and Los Campos."

The inaugural drilling programme commenced at San Celso with three diamond holes drilled on the western end of the vein targets to test this area.

Alien shares were down 1.6% at 0.63 pence each on Tuesday afternoon in London.

By Xindi Wei; xindiwei@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved

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