Today we have Bill Brodie Good, Technical Director of Alien Metals talking with Zak Mir about the £275,000, before expenses, raised through a placing of new ordinary shares announcement last Monday.
The proceeds of this Placing will facilitate the planned next stage exploration work in Mexico, including an independent review of all historic work on the Donovan 2 gold and copper targets, an updated underground mapping and sampling program at the San Celso silver project, further to completing a review of recently sourced valuable underground sampling data. This will be followed by initial drilling of prioritised targets within the system.
“In Australia, funds will be used to conduct further data compilation work on the Hamersley Iron Ore projects in order to plan detailed, focussed field work once access is possible. Additionally, the acquisition of the Elizabeth Hill Silver project will be completed and the Company will finalise a trenching and mapping field program.
“We believe that with careful budgeting, we can deliver high-impact exploration programs across our existing and proposed licences as soon as safe field work becomes possible both in Mexico and Australia. This placing will also allow us to actively review strategic opportunities that present themselves during the current environment.
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