TIDMUFO
RNS Number : 4700I
Alien Metals Limited
14 December 2020
Trading Symbols
AIM: UFO
FWB: I3A1
14 December 2020
Alien Metals Ltd
("Alien Metals" or "the Company")
Australian Silver and Iron Ore Exploration Programs
Advancing
Follow the link to view the announcement in full including all
figures :
http://www.rns-pdf.londonstockexchange.com/rns/4700I_1-2020-12-13.pdf
Alien Metals Ltd (LSE AIM:UFO) ("Alien Metals" or the
"Company"), a minerals exploration and development company, is
pleased to provide an update on the Company's Elizabeth Hill Silver
Project and the Hamersley Iron Ore Project, Western Australia.
Highlights :
Elizabeth Hill Project
- Program of Works ("POW") has been approved by the Western
Australia Mines Department for initial trenching and drilling at
the Elizabeth Hills Mining Licence
o The POW covers up to 1.25 kilometre of trenching programs and
4,000m of drilling (RC and diamond drilling)
o Trenching programs to test for new or repeat silver orebody
due south of existing deposit
o Drilling program to target the historical resource area and to
test for potential strike extensions
o Field exploration to commence mid-December and into early
January 2021 and will run for a number of months
- Alien is obtaining quotes for carrying out a close spaced
airborne geophysical survey to cover the entire tenement area of
the mining lease and the 117km(2) Exploration Licence application
area.
o Aeromagnetic survey will aid in tying in all existing
prospects and historical data to aid in prioritising numerous
existing targets
o Collation of the airborne surveys, geological interpretations
and geochemical results, will drive new target generation across
the Exploration Licence
- Concurrently with the drilling and trenching program, Alien
will carry out grid sampling of the historic mine tailings dam with
the view of acquiring this from a third party
- Also plan to remove the plinth over the historic shaft to test
depth of water in old workings to re-open the shaft/underground
workings
Hamersley Iron Ore Project
- Await final results of brief in-fill sampling at the Kalgan
prospect from recent reconnaissance access trip
- Commence rehabilitation of existing access tracks into the Kalgan prospect, Hancock tenement
- Drilling tenders and quotes underway
- Currently planning additional reconnaissance and geological
mapping work on Brockman Tenement
Chief Executive Officer, Bill Brodie Good said :
"The granting of the program of works is a key requirement to
undertaking ground disturbing activities at Elizabeth Hill. Now the
approvals are in place, the technical team is finalising plans to
shortly commence a long awaited field exploration program at
Elizabeth Hill which will initially focus on the trenching program
to explore for a repeat silver orebody due-south of the historic
mine, grid sampling of the old tailings which are understood to
still contain significant silver, opening up the main shaft to
assess the current water levels and get some samples to be able to
request permission to pump out the water safely. We are looking to
mobilise the team on site pre-Christmas, with work to recommence at
the start of 2021.
Elizabeth Hill holds enormous potential for the Company, both in
the old mine and its bonanza grades and the unique nuggets
associated with the deposit, as well as the numerous untested
nearby targets associated with a significant geological intrusion
already proven to host at least two significant mineral
deposits.
"Recent work on the Hamersley Project has been consistently
encouraging. Being able to start work on a direct access route into
the Kalgan Prospect from Newman in the Hancock Ranges Project is a
bonus because it means we can get the access done much quicker and
more cost effectively, leaving us more funds for drilling. We have
a tender out with a number of drilling contractors for carrying out
our maiden drill program in early 2021.
We look forward to an extremely busy field season and developing
both projects significantly for the Company and our investors."
Figure 1: Location of the Elizabeth Hill Silver Project, Western
Australia
As a result of recent activities and fund raising, Alien
continues to be presented with a range of mineral opportunities.
The Company continues to receive and review these opportunities and
will provide an announcement when appropriate.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please visit the Company's website at
www.alienmetals.uk , or contact:
Alien Metals Limited Turner Pope Investments (TPI)
Bill Brodie Good, CEO & Technical Limited (Joint Broker)
Director Andy Thacker/ Zoe Alexander
Tel: +44 (0)20 3907 4060 Tel +44 (0)20 3657 0050
Beaumont Cornish Limited (Nomad) First Equity Limited (Joint Broker)
James Biddle/ Roland Cornish Jason Robertson
www.beaumontcornish.com Tel +44 (0)20 7374 2212
Tel: +44 (0) 207 628 3396
Blytheweigh (Financial PR)
Megan Ray/Rachael Brooks
Tel: +44 (0) 207 138 3204
Notes to Editors
Alien Metals Ltd is a mining exploration and development company
listed on AIM of the London Stock Exchange (LSE: UFO). The
Company's focus is on precious and base metal commodities.
Alien Metals has embarked upon an acquisition-led strategy
headed by a high-quality geological team to build a strong
portfolio of diversified assets including two recent acquisitions
in 2019. These include the Brockman and Hancock Ranges high-grade
(Direct Shipping Ore) iron ore projects and the Elizabeth Hill
Silver projects both located in the Pilbara region, Western
Australia.
In addition to progressing and developing its portfolio of
assets and following its strategic review of its portfolio of
silver and precious metals projects in Mexico, Alien Metals has
identified priority exploration targets within its 9 mining
concessions which it is working to advance systematically. The
Company's silver projects are located in the Zacatecas State,
Mexico's largest silver producing state which produced over 190m oz
of silver in 2018 alone accounting for 45% of the total silver
production of Mexico for that year.
Qualified Person
The information in this report which relates to Exploration
Targets, Exploration Results and Mineral Resources or Ore Reserves
is based on information compiled by Mr Allen Maynard, who is a
Member of the Australian Institute of Geosciences ("AIG"), a
Corporate Member of the Australasian Institute of Mining &
Metallurgy ("AusIMM") and independent consultant to the Company. Mr
Maynard is the Director and principal geologist of Al Maynard &
Associates Pty Ltd and has over 40 continuous years of exploration
and mining experience in a variety of mineral deposit styles. Mr
Maynard has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person
as defined in the 2012 Edition of the "Australasian Code for
reporting of Exploration Results, Exploration Targets, Mineral
Resources and Ore Reserves" (JORC Code). Mr Maynard consents to
inclusion in the report of the matters based on this information in
the form and context in which it appears.
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