TIDMUFO
RNS Number : 1895L
Alien Metals Limited
09 September 2021
Trading Symbols
AIM: UFO
FWB: I3A1
9 September 2021
Alien Metals Ltd
("Alien" or "the Company")
Update on Elizabeth Hill Silver Project drilling
Nickel and copper sulphides encountered along with native silver
in drill core at Elizabeth Hill
Follow the link to view the announcement in full including all
figures:
http://www.rns-pdf.londonstockexchange.com/rns/1895L_1-2021-9-8.pdf
Alien Metals Ltd (AIM:UFO), a global minerals exploration and
development company, is pleased to provide an update on its
inaugural drilling program at the high-grade Elizabeth Hill Silver
Project in the Pilbara Region of Western Australia.
Highlights
-- Mulitple occurrences of visible silver have been identified
in drill core recovered from shallow drilling completed to date
-- Additionally, visible copper mineralisation has also been identified
-- Significant sulphides also identified in core associated with
copper and nickel mineralisation
-- The drilling has so far confirmed the Company's geological
interpretation that the original Elizabeth Hill silver deposit
appears to be associated with a much larger polymetallic
mineralised system
-- Indications from the pXRF imply some very high-grade silver
readings with current maximum of 21,800 g/t silver (700 Oz/t Ag),
5% copper, 1.1 % Nickel as well as highly anomalous Cu, Ni and Zn
readings over consistent interceptions
Figure 1: Abundant sulphide in veins, clasts and disseminated
throughout the core, EHDD004, 87m, Elizabeth Hill, September
2021
Encouragingly, the mineralised envelope at Elizabeth Hill is
clearly larger than modelled by previous explorers, with this
initial drilling demonstrating complex pervasive multi phase
mineralisation evident in the wider envelope tested to date. From
visual inspection of the core there appears to be some significant
mineralisation outside of the historic silver orebody which was
what the Company believed to be the case following the recent
detailed data review.
Logging and core-cutting has commenced with the first batch of
samples due to be dispatched to Perth in the coming days.
Bill Brodie Good, CEO & Technical Director of Alien Metals,
commented:
"As we have previously mentioned, the West Pilbara is recognised
as a world class mineral province with the potential to discover
significant new deposits of nickel, copper, silver and PGMs. We
believe the historic Elizabeth Hill silver mine, located between
two major intrusive units, is one of the most prospective targets
in the region for a possible volcanic massive sulphide type system,
along with the PGM potential already identified in the reefs in the
tenement and surrounds. While it is early days, we are extremely
encouraged by these initial findings and will continue to refine
the drilling program to maximise its effectiveness and
results."
Figure 2: Location of Elizabeth Hill Silver Project, Western
Australia
This inaugural drilling program is designed to test some of the
historic drilling undertaken over 20 years ago for quality control
(QA/QC) purposes, but also and as importantly, to test the
Company's belief that the historical silver orebody forms part of a
much larger and widespread mineralised system.
Figure 3: Planned drilling with historic assays view from the
west, Elizabeth Hill
Table 1: Planned Diamond Core holes, Elizabeth Hill, August
2021
From visual inspection of the core to date there appears to be
some significant mineralisation outside of the historic silver
orebody, which was what the Company believed to be the case
following the recent detailed data review.
This new mineralisation is associated, from visible inspection
only at this stage, with both vein hosted and disseminated
complexes of base metal sulphides such as reworked Ni-Cu sulphides
chalcopyrite, pyrrhotite and pentlandite clasts in the ultramafic
units as well as massive sphalerite, chalcopyrite and pyrrhotite
disseminated throughout certain intervals to date.
Initial thories are that the silver orebody was formed from a
later event, post the initial larger volcanic massive sulphide
event. This target demonstrates more than one phase of alteration
and mineralisation at different levels within several mineralised
zones, that may have been sourced from a nearby larger and
significant source.
Figure 4: Native silver with associated copper (green) in drill
core, drillhole EHDD003, 16.5m depth, Elizabeth Hill, September
2021
The Company is using a hand held XRF machine (pXRF) to provide
guidance in the types of mineralisation being seen in the drill
core. To date, significant readings from the pXRF include a maximum
of 21,800 g/t silver (700 Oz/t Ag) or 2.2%, 5% copper, 1.1 % Nickel
and 40% zinc with lower but still strongly anomalous consistent
intervals over many further intersections. Caution should be used
in relying on the readings from the pXRF as only accredited
laboratory analysis of any sample will provide exact grades and
values. However, the readings do correlate with the visible
mineralisation seen in the drill core.
Figure 5: Native silver in veining, hole EHDD003, 24.4m,
Elizabeth Hill, September 2021
Due to difficult ground conditions and complex geology, the
diamond drilling program is currently behind schedule. The focus
has been on excellent core recovery and the expected drilling rate
has been affected. The original plan, as previsouly announced, was
to drill 7 diamond drill holes for some 650m. However, due to the
noted issues the Company is working on a plan to switch out some of
the originally planned diamond core drillholes to reverse
circulation (RC) drillholes, or at least for the deeper planned
holes to carry out RC collars down to 60 or 70m and then diamond
'tails', whereby the remainder of the hole is drilled using the
diamond drilling method.
The Company is still planning to drill all the planned holes but
at this stage plans to adapt the drilling method to better suit the
ground and the effectiveness of the program. This will aid in
completing the planned drill program on the orebody in a more
timely and cost effective manner, and will still enable excellent
information to be gathered, both from the RC and diamond core drill
samples generated. It might also enable the Company to drill extra
holes within the original budget parameters in and around the
orebody to further increase our geological and grade knowledge of
the orebody and the surrounding mineralisation. Based on this
potential switch to RC drilling a follow up RC program is also now
in final stages of planning to take advantage of having the drill
rig already on site and working.
Figure 6: Birds eye view of drill rig set up, Elizabeth Hill,
September 2021
The Alien technical team is constantly in the process of
reviewing the fresh data from each day as well as compiling it with
historic data to continue to develop plans and targets and looks
forward to further updating the market as drilling progresses.
Competent Persons Statement
The information in this report which relates to Exploration
Targets, Exploration Results, 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 Member of the
Australasian Institute of Mining & Metallurgy ("AusIMM").. Mr
Maynard is the Director and principal geologist of Al Maynard &
Associates Pty Ltd and has over 40 years of exploration and mining
experience in a variety of mineral deposit styles,including the
Elizabeth Hill Silver project during the initial discovery stage.
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.
- Ends -
For further information please visit the Company's website at
www.alienmetals.uk, or contact:
Alien Metals Limited
Bill Brodie Good, CEO & Technical Director
(via St-James' Corporate Services, Company Secretary)
Tel: +44 20 7796 8644
Beaumont Cornish Limited (Nomad)
James Biddle / Roland Cornish
www.beaumontcornish.com
Tel: +44 (0) 207 628 3396
Turner Pope Investments (TPI) Limited (Broker)
Andrew Thacker / James Pope
Tel: +44 (0) 20 3657 0050
Yellow Jersey PR (Financial PR)
Sarah Hollins / Joe Burgess / Matthew McHale
alienmetals@yellowjerseypr.com
Tel: +44 (0) 20 3004 9512
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, with its
operations located in proven mining jurisdictions and it has
embarked upon an acquisition-led strategy headed by a high-quality
geological team to build a strong portfolio of diversified
assets.
In 2019, the company acquired 51% of the Brockman and Hancock
Ranges high-grade (Direct Shipping Ore) iron ore projects and
increased its holding to 90% in May 2021 while in 2020 acquired
100% of the Elizabeth Hill Silver Project, which consists of the
Elizabeth Hill Historic Silver Mine Mining Lease and the
surrounding Munni Munni North Exploration Tenement. The Australian
projects are located in the world-renowned Pilbara region of
Western Australia.
The Company also holds two silver projects, San Celso and Los
Santos, located in Zacatecas State, Mexico's largest silver
producing state, which produced over 190 Moz of silver in 2018
alone, accounting for 45% of the total silver production of Mexico
for that year. The Company holds a Copper Gold project in the same
region, Donovan 2.
The company was also awarded an Exploration Licence in Greenland
in late 2020, which surrounds the world class Citronen Zinc-Lead
deposit.
In addition to progressing and developing its portfolio of
assets and following its strategic review of its portfolio of
silver and precious metals projects, Alien Metals has identified
priority exploration targets within all of its projects which it is
working to advance systematically.
Glossary:
Sphalerite - It is a yellow to dark brown or black sulphide
associated with zinc ore
Chalcopyrite - It is a copper iron sulphide mineral most
associated with copper
Pyrrhotite - It is an iron sulphide mineral typically associated
with large deposits
Disseminated - Scattered throughout a rock in a consistent
manner
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END
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