Member Info for topsharepicks

RNS

cant buy but can sell £4k no problem

18 February 2019
Alien Metals Ltd (“Alien� or “the Company�)
Mexico Exploration Update and 2019 Work Programme
Alien Metals Limited, the AIM quoted mining exploration and development company, is pleased to announce an exploration update for its twelve wholly owned silver concessions in Zacatecas State, Mexico and details of its planned 2019 exploration programme. Within this portfolio are the Donovan 2 concession, which lies within close proximity of the San Nicolas copper zinc deposit, and the San Celso concession which consists of high-grade, low sulfidation epithermal veins.
Further to the Company’s announcement of 26 September 2018, the Company undertook a comprehensive review of the asset portfolio in September 2018 which then prompted further prospecting and field mapping campaigns over the entire 1,500 hectare concession area in November and December 2018, as further detailed below.
Following this, the Company has now concluded that it believes the portfolio, held through its wholly owned subsidiary Compañia Minera Estrella de Plata SA de CV (“CMEP�), remains prospective and Alien will continue to discharge its obligations to the Mexican DGM (“Mines General Directorate�).
The projects which the Company will initially prioritise in 2019 are:
Donovan 2: The project lies within close proximity of the San Nicolas copper zinc deposit, operated by Teck Resources Limited. A tranche of ground magnetic and induced polarisation (“IP�) geophysics to investigate a regional magnetic anomaly has been completed. Field mapping and sampling identified the presence of pathfinder minerals, including anomalous values of copper and zinc which are consistent with the presence of volcanogenic massive sulphide (“VMS�) mineralisation.
The geophysics programme comprised of 52.4 line-kilometres of magnetics and 2.6 line-kilometres of IP which highlighted several areas of interest. This initial programme is now being followed up with detailed trenching and mapping, which is intended to further test for alteration and mineralisation and to build confidence for the presence of a VMS system. The Company expects to complete this phase of exploration work in Q2 2019 and will announce the results when available.

all it takes make this scream higher:

Peter Taylor CEO of Alien commented: “The district surrounding Donovan 2 is staked by Mexican and Canadian base and precious metal producers. We are delighted to be rubbing shoulders with these mining companies and look forward to updating the market with the gravity survey, further assays and drilling results.â€

If they suspect theres something sizeable this will be snapped up for a song imo

TECK or Minera are my best guess based mainly because they are so close proximity infact Mineras mine El Coronel is less than 10km!!!

http://www.minerafrisco.com.mx/Paginas/EN/our_bussines/mining_units/elcoronel.aspx

Lets hope its a partnership Penoles Mining, TECK or Minera Frisco Mining.

Minera Frisco is a mining company with a long history of exploration and exploitation of mining lots for production and sale of mainly gold and silver doré bars. It also produces copper cathode in addition to copper, lead-silver and zinc concentrates. The company currently has nine operating mining units in Mexico: El Coronel, Asientos, El Porvenir, Tayahua, San Felipe, María, San Francisco del Oro, Ocampo and Concheño. ?

http://www.minerafrisco.com.mx/Paginas/EN/mining_frisco.aspx

Minera Frisco maintains a permanent strategy of process improvement, cost minimization and result maximization. Through its own resources, the company uses profitable, cutting-edge technology for mineral location and processing. The “Cu – Primario” expansion project in Tayahua was concluded on November 2017, therefore It will increase its processed capacity of mineral and its production, mainly the copper production.?

still ongoing next RNS will update partnerships and offtake for gas then smash through 5p

activity surrounding Zacatecas shows the nearby locality of at least 4 large mines I suspect if approach made by any we could expect 1-2p:

https://www.alienmetals.uk/projects/vms-projects

makes UFO a target by larger miners for sure the locality has at least three large miners that would want a £2 million chance for Donovan 2 VMS

Highlights
Detailed surface mapping:
further supports indications of Volcanogenic Massive Sulphide (VMS) mineralisation on multiple target areas which are open along strike
identified zones of alteration indicating the top of a VMS system
of low-lying outcrop has identified additional areas of pervasive alteration
Sample assays of up to 3.34% Cu and 0.25% Zn
Geophysics suggests magnetic and resistive units are correlated at depth below areas of surface mineralisation and alteration
Ongoing mapping of historical underground mine workings reveals copper mineralisation
Geophysical gravity survey in progress to test for inference of sulphide mineralisation
Peter Taylor CEO of Alien commented: “The district surrounding Donovan 2 is staked by Mexican and Canadian base and precious metal producers. We are delighted to be rubbing shoulders with these mining companies and look forward to updating the market with the gravity survey, further assays and drilling results.�
The Donovan 2 project is located 45 Km southeast of Zacatecas city, Zacatecas State, Mexico. Alien’s geologists collected 44 surface samples consisting of: rock chip, float samples and historic dump samples during a detailed exploration program to complement the geophysics and surface mapping conducted since November 2018. Three samples returned assays in excess of 1000ppm Cu.
Mineralisation at Donovan 2
Volcanogenic massive sulphide ore deposits, also known as VMS ore deposits, are a type of metal sulphide ore deposit, mainly copper-zinc which are associated with and created by volcanic-associated hydrothermal events in submarine environments. VMS style deposits occur in clusters on the ancient sea-floor. Similar VMS style projects include the Teck Resources Limited San Nicolás Property that lies within 24km of Donovan 2 and reports a National Instrument 43-101 compliant Measured and Indicated resource of 108.9Mt and average grades including 1.16% Cu and 0.43g/t Au.

Yesterday’s RNS showed clearly Donovan 2 is a VMS similar to TECK mine 24 km away

Large miners locally will want a new mine to move to after their mines are exhausted

Ufo could still rise much more TECK will partner I’m sure now the VMS results show copper anomaly they edl could treble from here

look at the chart so close to next gap up imo

IF the TECK RNS lands this will go ballistic lets see todays RNS touched on several interesting points imo

for coal miners in Africa must be high level activity and trend change NCCL set to rise steadily to 10p imo

I agree EDL does justify that rise BUT also UFO has been terribly overlooked for months and its that reason TECK or similar must be thinking OK LETS GO

its only recovered to where it was in January THIS YEAR

Incredible but still massively underwater from 3 years ago

UFO good call another unloved stock turning UP

sausage so next time lets refrain from that advice please ;)

all those that said don't get spiked first thing IT COULD BE ARGUED THEY COST SOME PEOPLE A LOT OF MONEY!!!!

LOL still 50% undervalued by my estimate LOL