https://www.miningweekly.com
Exploration|Gold|Lifting|PROJECT|Surface|Underground
Exploration|Gold|Lifting|PROJECT|Surface|Underground
exploration|gold|lifting|project|surface|underground

Alien finds gold at Donovan 2, Mexico

27th June 2019

By: Creamer Media Reporter

     

Font size: - +

Aim-listed Alien Metals, previously Arian Silver, has confirmed the presence of gold at the Donovan 2 concession, in Zacateca, Mexico, lifting the company’s share price by 20%.

CEO Peter Taylor commented on Thursday that the presence of gold at Donovan 2 came as no surprise, given that the Minera Frisco El Coronel gold mine was within 10 km of the project.

In addition to Donovan 2, Alien Metals would also give priority in the third quarter to follow-up exploration work at the Los Campos and San Celso concessions. Detailed surface mapping and sampling, in combination with additional underground sampling of historic workings would be undertaken to identify drill targets.

“With further exploration planned at Los Campos where the project adjoins Endeavour Silver’s El Compas gold mine and at San Celso, the subject of the company’s original Aim listing, Alien is delivering on its strategy of putting money into the ground and increasing confidence in the assets to potential joint venture partners,” said Taylor.

Shares in the exploration company traded at 0.17p a share, from the previous day’s closing price of 0.14p each.

Edited by Creamer Media Reporter

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.134 0.171s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: