Business
Further Update on Donovan 2 Cu-Au Project
Further Update on Donovan 2 Cu-Au Project.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Trading Symbols\n \n \n \n \n AIM: UFO\n \n \n \n \n FWB: I3A1\n \n \n \n \n 10 May 2022\n \n \n \n \n \n \n \n Alien Metals Ltd\n \n \n \n \n (\"Alien\" or \"the Company\")\n \n \n \n \n \n \n \n \n \n 78m sulphide bearing zone intersected at Donovan 2 Cu-Au Project\n \n \n \n \n \n \n \n \n Follow the link to view the announcement in full, including all figures:\n \n \n http://www.rns-pdf.londonstockexchange.com/rns/9099K_1-2022-5-10.pdf\n \n \n \n \n \n Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update the market on ongoing exploration activities at its high-grade silver and copper-gold projects in Zacatecas, Mexico, further to its announcement of 28 March 2022. The following update is based on the Company's internal assessment of observations to date whilst formal drilling results are awaited.\n \n \n \n \n \n \n Highlights\n \n \n \n ·\n Drilling at the Donovan 2 Cu-Au Project has intersected a 78m zone of alteration and disseminated sulphides, including pyrite and arsenopyrite, from 107m (assays pending) in DONDD-A04.\n \n \n ·\n DONDD-A01 to A03 appear to have 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.\n \n \n ·\n A 40m long trench excavated above an intensely altered intersection identified in historic drill hole DON-21-003 intersected a calcite bearing vein, trending northeast for about 11m. This may be associated with a mineralised system.\n \n \n ·\n Initial drilling at the high-grade San Celso Silver project has intersected the targeted mineralised zone. The recently completed programme included three holes for 201 metres:\n \n \n o \n Hole SCDD-A01 intersected a 4.9m zone of quartz/calcite alteration from 27.4m depth, as well as a zone interpreted to be historic underground working that the Company was not aware existed in this area.\n \n \n o \n SCDD-A02 intersected a strongly altered, calcite rich zone from 28.5m to 31.6m depth and a second quartz-rich alteration zone at 71m for 1m.\n \n \n o \n SCDD-A03 intersected a strongly altered, calcite-rich zone from 71m to 73.8m depth, similar to the intersection in hole SCDD-A02.\n \n ...