High grade Silver up to 734g/t and 1.9% Zinc encountered at new extension to San Celso Silver Project, Mexico
Follow the link to view the announcement in full including all figures:
http://www.rns-pdf.londonstockexchange.com/rns/4530U_1-2021-4-5.pdf
Alien Metals Ltd (LSE AIM:UFO), a minerals exploration and development company, is pleased to report the results of the recently completed surface mapping and sampling program carried out on its newly acquired Nueva Andromeda permit, strategically contiguous to the San Celso silver project in Zacatecas State, Mexico.
Highlights
· Surface Sample Results including:
o 734 g/t Silver (“Ag”)
o 488 g/t Ag
o 270 g/t Ag and
o 1.93% Zinc (“Zn”)
· Numerous historic mine workings located
· Potential for increased silver resource at San Celso
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:
“We are very pleased with the results of this sampling and mapping program, which are greatly encouraging for the potential of the project. We were particularly pleased to see that the results confirm our interpretation that there is a continuation of silver and base metals mineralisation and historic mining within the Nueva Andromeda permit area, with the total strike length now increased by a further 20-30% for the San Celso Project.
“The samples are all composed of quartz and carbonate dominant vein material with varying amounts of sulphides and hence are very similar to the mineralisation seen in the San Celso veins to the north. All samples were taken from the surface as float associated with various size dumps from the historic mining in the area.”
Figure 1: Location of Nueva Andromeda Permit in relation to San Celso with projected mineralised systems, Alien, March 2021
Figure 2: Summary of sampling results, Nueva Andromeda Permit, San Celso Project, March 2021
Table 1 below lists the details of the seven samples taken in this brief program along with the results. Of note, coincident with the significant silver results, of which all samples were strongly anomalous with a maximum of 734 g/t Ag from sample 9203, 488 g/t Ag from sample 9209 and sample 9210 returning 270 g/t Ag, there are also three samples that returned significant gold up to 0.44 g/t Au, as well as a significant zinc anomaly up to 19,350 g/t Zn (1.93% Zn) from sample 9206 while still returning 163 g/t Ag. The samples are all composed of quartz and carbonate dominant vein material with varying amounts of sulphides, hence they are very similar to the mineralisation seen in the San Celso vein systems to the north.
The Company is extremely pleased with these initial results which, as expected, add exciting potential to the overall San Celso project. A detailed review of all data from the project has been done and a plan to attempt to access the historic underground workings in this area are being prepared to further increase knowledge and add sampling information, while work continues on obtaining the drilling permit grant.
Table 1: Sample information, Nueva Andromeda Permit, March 2021
Figure 3: Silver results, maiden Nueva Andromeda permit sampling, Alien, March 2021
Figure 4: Nueva Andromeda vein sample, March 2021
The Board of Alien continues to assess a range of mineral projects and opportunities, with particular focus on exploration projects with near term news flow and value creation.
For further information please visit the Company’s website at www. alienmetals.uk
