Alien Metals Limited, a minerals exploration and development company, is pleased to announce that, following the receipt of Exercise Notices, it has issued 6,250,000 ordinary shares of no par value in the capital of the Company at an issue price of 0.15 pence per share and 10,555,556 ordinary shares of no par value in the capital of the Company at an issue price of 0.3 pence per share.
“Receiving the permit extension is welcome evidence that the permitting process is fully functional despite earlier slow-downs stemming from the Covid-19 crisis,” said Dr. Craig Gibson, Prismo Metals President and CEO. “The combined extensions will let our drilling program follow the geology, not the clock as we seek to follow the high-grade mineralization encountered earlier into untested ground at depth.”
“This latest round of sampling underscores our thesis that Picachos may host a district scale mineralized system not unlike those discovered approximately 15 miles to the north and south of us.”
“By developing these mineral target maps we are able to expand Prospector’s capabilities in exciting ways,” said Emily King, Founder of Prospector. “We believe the Mexico region is a valuable place to expand our coverage and ultimately we are focused on creating value for our audience of mining investors by offering unparalleled data and capabilities.”
Vizsla President and CEO, Michael Konnert, commented: “Recent drilling continues to grow the Napoleon discovery area where the best new intercepts are from the deepest holes completed. Mineralization has been extended to the south over 50m and is completely open at depth.”
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