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IP Survey commences at Donovan 2 project
IP Survey commences at Donovan 2 project.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \nRNS Number : 5383C Alien Metals Limited 11 February 2020 \n\n \n \n \n \nTrading Symbols\nAIM: UFO\nFWB: I3A1\n11th February 2020\n \nAlien Metals Ltd \n(\"Alien\" or \"the Company\")\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/5383C_1-2020-2-10.pdf\n \nIP Survey commences at Donovan 2 Copper-Gold project \n \nAlien Metals Ltd (\"Alien Metals\" or \"Company\") the exploration and development company is pleased to provide an update on the Company's Donovan 2, copper-gold project. Further to the 30 January 2020 announcement, the Company has now commissioned the IP survey to generate high-priority drill targets.\n \nHighlights:\n- The Donovan 2 Copper-Gold project contains a prospective Volcanic Massive Sulphide ('VMS') target, identified by previous sampling and mapping programmes \n- A Ground Magnetic Induced Polarisation (IP) survey over the VMS target is being conducted in order to generate high-priority drill targets\n- Results expected during Q1 2020\n- Next stage of work on Donovan 2 would, subject to additional funding being available, entail drilling of priority targets identified by the survey\nBill Brodie Good, Technical Director, commented: \n\"I am pleased to announce that we have commissioned TMC EXPLORACION, S. R.L. de C.V. of Mexico, who did the previous geophysical studies on Donovan 2 to carry out a ground based IP survey to aid in defining a coherent drill target or targets. With their knowledge of the project to date they will be able to add further value to this program combining historic and new data and we look forward to a successful and positive outcome from the program. Mobilisation to site is imminent by TMC. Discussions are continuing with drilling companies to carry out future follow up work.\" \nDonovan 2 Copper-Gold (Cu/Au)\nThe Donovan 2 project is situated in a flat lying area of mainly crops with excellent access and local infrastructure, located about 45km south east of Zacatecas. The Teck Resources Limited San Nicolás VMS deposit lies within 24km of Donovan 2 and hosts a Measured and Indicated resource of 108.9Mt, with average grades of 1.16% Cu and 0.43g/t Au. \n \nWith no apparent in-situ outcrop t...