Alien Metals Limited (LON:UFO) Site visit and exploration programme development

Site visit and exploration programme development for Mexican Projects

Alien Metals Limited (“Alien Metals” or “Company”) the exploration and development company is pleased to announce that it is in the process of submitting applications for permission to drill at its Los Campos and San Celso Silver projects in Mexico. Additionally, Alien’s Technical Director, Bill Brodie Good, will be conducting a site visit to these projects imminently. Both of these events tie into potential long term development plans for these projects.

Highlights:

– Detailed exploration drill programmes have been planned for Los Campos and San Celso silver exploration projects

– A ground magnetics survey is in final planning stage for the Donovan 2 copper gold Volcanic Massive Sulphide (‘VMS’) target which will generate follow up work and potential drill targets

– Imminent submission, to SEMARNAT, the Environmental Ministry of Mexico, as per Mexican regulations, of drill programmes to obtain permission to drill at Los Campos and San Celso

– Discussions with various drilling companies are in progress

– Site visit planned by Technical Director in January, including meetings with service providers and potential Joint Venture partners

– Technical Director to complete site visits at all of the Company’s tenements

Bill Brodie Good, Technical Director, commented:

“I am very excited to get on the ground in Mexico and to spend time with our local team. Additionally, I am looking forward to meeting with some local service providers, as well as other companies working in the region in order to advance possible Joint Venture discussions.

“With the submission of the drill programmes I am hoping permission will be obtained soon to give Alien the opportunity to carry out initial drill testing on the highly prospective Los Campos and San Celso projects. I am also hoping to access some of the historic underground workings to get a better understanding of their condition and see some of the mineralisation in -situ.”

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Los Campos (Silver)

Previous exploration activity at Los Campos highlighted the high-grade silver potential of the Los Campos project, which features a historic mine within the project area which records show was mined between 1883 until all work stopped in 1904 with average mine head grade of over 1,000 g/t Ag in the early 1890s.

The results of the previous sampling programme show that the mineralisation is concentrated in the previously defined main veins with further evidence that the historic dumps on the site contain some high-grade material as well.

Alien has outlined a comprehensive grid based drilling plan to cover all eventualities but ensuring that each drill hole can be used in a resource estimation in the future based on the grid pattern and proximity of the holes, rather than commencing with a few random drill holes that are not necessarily compatible with a future resource estimate. A total of 47 angled holes for a planned 3,250m are proposed with an average depth of 70m per hole to intersect the target veins and mineralised halos perpendicular to dip. Once permission is provided Alien hopes to commence with four-six strategic holes as an initial programme subject to additional funding to further define the potential of the mineralisation and ensure each follow up hole adds significant knowledge and value to the project.

Please follow link to full announcement including figures:

http://www.rns-pdf.londonstockexchange.com/rns/2113Z_1-2020-1-8.pdf

Full update LINK www.share-talk.co.uk/announcements/


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