RE: Donovan27 Sep 2020 23:28
Bill said he sees great potential at Donovan 2.
He said geologically, the work done has been very positive.
They had an over 3% copper sample and several other samples grading over 1%.
Teck Resources (Mkt cap 6Billion USD) San Nicholas deposit is just 24km west from Donovan 2 and it's deposits are of just over 1% copper.
We are about to start drilling at Donovan 2 soon and should get lab certified result 3-4 weeks from start of drilling.
Bill said he is sure this will add value and possibly impetus to a deal.
After the recent placing, we have funds in place for follow up drilling, but this might not be required if we arrange a JV.
Bill said he been talking to several in-country & non-Mexican groups to arrange a deal.
It's quite likely we will get a deal before Xmas and this will bring in serious cash into our treasury which will allow us to acquire more projects and to grow very quickly.
Bill said they are getting shown several projects in gold, silver & copper in Australia, Mexico, Western & Central Africa.
With Bill in charge, UFO is really going places! GLA