Drilling commences at Donovan 2 Project was the announcement put out by the company yesterday, yet this is not the only work scope being carried out. We had a chat with Bill and we must say he sounded very upbeat.
Alien Metals Ltd (LSE AIM:UFO), a minerals exploration and development company, announced that the first drill hole of the maiden drilling program at the Donovan 2 copper-gold project in Mexico started on Thursday, 25 February 2021, funded and managed by Capstone Mining Corp (Capstone) as per the Earn-in Agreement signed last year.
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:
“It is very exciting that Capstone is already drilling the first hole at Donovan 2 in such a short timeframe. Both parties are very encouraged by the results of the recent IP survey and the reprocessing and interpretation of all the historic data collected by Alien. We now have three geophysical targets including the Los Alomos project. With the copper price at its highest for over nine years and continued demand, this positive news is very well timed and we are excited to see the results. We are delighted to have Capstone as a partner to drive this project forward and develop it with a great technical team. We look forward to updating the market as the drilling progresses and watching this project grow quickly into a significant entity.”
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.
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