Additionally, Alien's Technical Director,
Highlights
Detailed exploration drill programmes have been planned for
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
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
'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
Previous exploration activity at
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.
Contact:
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Notes to Editors
In addition to progressing its acquisition-led strategy, following the strategic review of its portfolio of projects in
Forward-Looking Information
This press release contains certain 'forward-looking information'. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are deemed forward-looking information.
This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company as well as certain assumptions, including the availability of sufficient funds. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realised or substantially realised, there can be no assurance that they will have the expected consequences to, or effects on the Company.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
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