TIDMUFO
RNS Number : 0209S
Alien Metals Limited
11 November 2021
Trading Symbols
AIM: UFO
FWB: I3A1
11 November 2021
Alien Metals Ltd
("Alien" or "the Company")
Drilling recommences at Hancock Iron Ore Project to increase
resource
Follow the link to view the announcement in full including all
figures:
http://www.rns-pdf.londonstockexchange.com/rns/0209S_1-2021-11-10.pdf
Alien Metals Ltd (LSE AIM:UFO), a minerals exploration and
development company, is pleased to advise that, further to its
announcement of 24 August 2021, its Phase 3 drilling programme at
the Company's Hancock Iron Ore project, part of its Hamersley Iron
Ore Project, Western Australia, is soon to commence.
Highlights
-- Reverse Circulation (RC) drilling programme totalling 1,400
metres aimed to increase geological confidence in the existing JORC
compliant Inferred Mineral Resource Estimate (MRE) of 10.4Mt @
60.4% Fe (see announcement dated 22 September 2021) to commence in
coming days
o Alien's technical team planning to potentially upgrade a
portion of the Inferred resource to the Indicated category at the
Ridge C and E deposits
-- Reverse Circulation programme designed to also test extension
mineralisation on the existing ridges as well as untested ridges to
the south
-- In addition to the RC drilling, a diamond drill rig is
planned to drill up to 650m in 7 holes, to further support MRE
confidence levels, as well as to provide material for early
metallurgical and commutation testing as part of ongoing mining
studies
-- Hand held XRF readings expected in the coming weeks from 60+
rock chip samples collected during recent field reconnaissance
programme
Bill Brodie Good, Chief Executive Officer & Technical
Director of Alien Metals, commented:
"Following on from our initial maiden JORC resource and positive
scoping study work, we are delighted to be going back out into the
field at Hancock to undertake this important infill drilling at the
Western Ridges orebodies. Additionally, we will also undertake new
exploration drilling to commence our expansion of the resource
potential of the project. Having Three Rivers Drilling back to do
the RC drilling is very positive, and we are excited to carry out
diamond core drilling as well, both from the resource update and
mining study development perspective.
"This work will develop alongside Lloyd Edmunds' operational
development work (see announcement dated 19 October 2021) and the
Company is excited to continue to push this significant project
forward."
Figure 1: Location of Hancock Iron Ore Project, Western
Australia
With the planned drilling programme factored in, the Company has
just completed a quick field reconnaissance programme on the
Hancock tenement to commence marking and preparation of the planned
drill holes, as well as some surface mapping and sampling of
extensions to the ridges C and E. New target work on initial
sections of what have been defined as ridges F, G and H will also
take place (Figures 2 and 6). All 60 samples taken (Figure 6) will
be prepared at Intertek Genalysis, which will involve crushing and
then grinding to a powder. The resulting powder samples will be
tested with a pXRF to get indicative iron content, to help the
finalisation of drilling locations once the drilling starts on the
new targets. With an estimated 10 to 12-week turnaround for the
laboratories to process any samples in Western Australia, the
Company deems this method acceptable to aid in finalising this
drilling phase.
All samples generated from the drilling will be dispatched to
Intertek Genalysis at Maddington, WA, and analysed for their Basic
Iron Ore Package Analysis with XRF finish, which includes elements
Fe, Al, Ca, K, Mg, Mn, Na, P, S and Si. This is the same as the
analysis and laboratory used in all Alien's analysis work on these
projects to maintain consistency and comparability between all
analyses.
For QA/QC purposes, Alien will use the industry standard of
inserting 5% Certified Reference Material (CRM) samples, 5%
Certified Blank Samples (Blanks) and 5% duplicate samples at
source. The CRMs will be sourced from Geostats Pty Ltd, Perth, WA,
a global leader in the manufacture and sale of CRMs and Blanks.
Figure 2: Planned drill hole locations, Phase 3 drilling,
Hancock Iron Ore Project, Western Australia
Figure 3: Detail of planned drill hole locations, Phase 3
drilling Ridge C and E, Hancock Iron Ore Project, Western
Australia
Figure 4: Planned drill hole locations, Phase 3 drilling Ridge
F, G and H with recent sample locations, Hancock Iron Ore Project,
Western Australia
Figure 5: Location of rock chip samples taken, October 2021
reconnaissance programme, Hancock Iron Ore Project
Figure 6: Photo of Ridge E looking east (eastern edge of
existing defined orebody), Hancock Iron Ore Project, Western
Australia
Figure 7: Rock chip from newly explored extents of Ridge E ,
Hancock Iron Ore Project, Western Australia
Maiden drilling on the Brockman tenement is still a priority,
with a follow up field mapping and sampling programme planned prior
to finalising a drilling programme, along with getting the
necessary permission to drill within the tenement.
Further updates will be provided in due course as
appropriate.
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 (Joint Broker)
Andrew Thacker / James Pope
Tel: +44 (0) 20 3657 0050
WH Ireland Ltd (Joint Broker)
Harry Ansell / Katy Mitchell
Tel +44 (0) 207 220 1666
Yellow Jersey PR (Financial PR)
Sarah Hollins / Annabel Atkins / 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 190m oz 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.
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END
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