Business
Capstone commences IP Survey at Donovan 2
Capstone commences IP Survey at Donovan 2.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 2006F\n Alien Metals Limited\n 13 November 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Trading Symbols\n \n \n AIM: UFO\n \n \n FWB: I3A1\n \n \n 13th November 2020\n \n \n \n \n \n \n Alien Metals Ltd \n \n \n \n \n (\"Alien Metals\" or \"the Company\")\n \n \n \n \n \n \n \n Follow the link to view the announcement in full including all figures:\n \n http://www.rns-pdf.londonstockexchange.com/rns/2006F_1-2020-11-12.pdf\n \n \n \n \n \n \n \n \n Capstone commences detailed IP Survey at Donovan 2 Copper-Gold Project\n \n \n \n \n \n \n Alien Metals Ltd (AlienMetals or the Company), a minerals exploration and development company, is pleased to announce that since its Earn-in Agreement (\"Agreement\") with Capstone Mining Corp (Capstone) (TSX: CS) over its Donovan 2 Copper-Gold project (the \"Project\") in Mexico (Transaction) Capstone have commissioned a detailed close spaced surface Induced Polarisation (IP) geophysical survey across the majority of the tenement to both add infill detail to the northern anomaly already defined by Alien and as an extension to historic geophysical work undertaken by Alien.\n \n \n \n \n \n \n \n \n Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:\n \n \n \n \n \n \"The Company is extremely encouraged by the speed of progress by the excellent Capstone technical team to push ahead quickly on exploration of the project. While knowing that Alien had planned to do a maiden drilling program Capstone considered that commissioning a more detailed ground IP survey to compliment historic work done by Alien while awaiting the necessary drill permitting would refine or reaffirm the existing drill targets. \n \n \n \n \n \n \"Capstone is managing the main elements of the program while Alien provide the necessary early stage on the ground support and help as required and we are looking forward to some enhanced results from this work.\" \n \n \n \n \n \n Brad Mercer, Senior Vice President of Operations and Exploration, Capstone Mining Corp. commented:\n \n \n \"We review many business opportunities every year but very few meet our high criteria. Donovan 2 has the potential to be a high grade, near surface deposit in a world class min...