Goodday Australia1 Aug 2022 09:17
Goodbye Me'ico....
The Company has now received all laboratory analysis results for the recent limited drilling program on San Celso and Donovan 2. 7 holes were drilled for a total of 611 meters, 3 holes at San Celso for 201m and 4 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 ("Cu") with minor associated Lead ("Pb") and Zinc ("Zn") from a depth of 9.43m to 11.3m. The sample recovery in this section, along with the majority of the intersections of interest, was sub-standard for the industry, with returns of only 15-20% in the key areas. However, this anomaly is encouraging as further copper mineralisation has been identified at Donovan 2.
The Donovan 2 drilling, while not returning any significant mineralised intercepts, did identify a 34m zone of weakly anomalous zinc in hole DONDD-A04; this correlates with a similar zone in hole DON21-01 drilled in 2021. This could be an indication of weaker mineralisation close to a higher-grade orebody below and the Company is reviewing all data now available on the project to decide whether any future programs are warranted. A schematic geological interpretation in figure 5 below shows the current concept. Of particular note, is 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.
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