TIDMUFO
RNS Number : 7547S
Alien Metals Limited
18 November 2021
Trading Symbols
AIM: UFO
FWB: I3A1
18 November 2021
Alien Metals Ltd
("Alien" or "the Company")
Strong Nickel, Copper and PGE anomalies defined in initial
trenching and rock chip sampling programme at Elizabeth Hill
Follow the link to view the announcement in full including all
figures:
http://www.rns-pdf.londonstockexchange.com/rns/7547S_1-2021-11-17.pdf
Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration
and development company, is pleased to update the market on the
results of its trenching and mapping programme at the Elizabeth
Hill Project, host to the high-grade Elizabeth Hill Silver Mine in
the Pilbara Region of Western Australia.
This trenching and mapping programme was completed as part of
some QA/QC work by Alien on the numerous targets in the project,
and was also planned to complement the recently completed initial
drilling programme.
Highlights
-- Strong Copper ("Cu"), Nickel ("Ni") and Platinum Group
Elements ("PGE") mainly Palladium ("Pd") assays from trenching and
rock chip sampling programmes
-- Trenching results include:
o 26m @ 0.25% Cu and 0.2% Ni, including 8m @ 0.6% Cu, 0.38% Ni
and 0.20 g/t Pd from trench 15a, which remains open on strike at
both ends
o 34m @ 0.1 % Cu, 0.17% Ni and 0.19 g/t Pd over the entire
length of trench 12a, also open on strike at both ends
-- Rock chip results include:
o 2.2% Cu, 0.51% Ni and 0.6 g/t Pd from a sample taken from
historic trench 15
o 0.23% Cu from sample at Yannery Hill prospect in Munni Munni
North
-- Results further validate the Company's view that the
Elizabeth Hill Project hosts the potential for a much larger
mineralised (VMS-style) system along with the silver deposit
Bill Brodie Good, Chief Executive Officer & Technical
Director of Alien Metals, commented:
"The maiden trenching programme has reinforced historical
anomalous copper, nickel and PGE mineralisation, which are still
open along strike and, given the width and grade of these zones,
could indicate the presence of a much larger system as a source.
This mineralisation appears to be associated with the ultramafic
intrusion of the Munni Munni intrusion, the known J-Reef and the
complex structural controls in the area. These results will
contribute to planning a follow-up field programme to expand our
knowledge of the potential of these targets.
"The more regional rock chip sample results from Munni Munni
North are also giving us further target areas to pursue, especially
the southern trend of the J-Reef and the area around the Conquest
prospect in the east, and we will continue to test these areas when
we go back into the field."
Following a detailed review of the historical exploration
carried out on the project, including the advice and
recommendations from senior geologists who have previously worked
on the project at various stages over the last 25 years, Alien
proposed a series of trenches. The goal of this was to identify a
repeat silver orebody as well as to identify a more detailed
surface expression of potential Cu/Ni and PGE orebodies already
partially defined by historic work.
Alien therefore planned a series of initial trenches to further
test both the southern extent of the silver deposit, and undertook
in-fill and on strike testing of the J-Reef copper, nickel and PGE
anomalies around the Natalie Hill Prospect south and east of the
mine. Due to the very hard calcrete crust south of the orebody,
this programme did not access the in-situ units below the surface
cover with the excavator available, however more success was
achieved along the J-Reef trend.
Figure 1: Location of Elizabeth Hill Project, Western
Australia
All samples were assayed at ALS Perth by method ME ICP61 for the
main elements such as copper, nickel and cobalt. Further selected
samples with PGE potential from the J-Reef prospect area were
further analysed by method PGM-ICP23 for gold, platinum and
palladium. A total of 147 samples were analysed by the full suite
with 97 of those being further tested for PGE mineralisation. QA/QC
samples were inserted as standard practice every 20 samples
including CRM standards, and blanks and on-site duplicates to
ensure laboratory results were of an acceptable level of
confidence.
Significant results from the trenching and sampling programme
include Trench C3 (resampling of a historic trench), which returned
2m @ 0.27% Cu, 0.13% Ni, 0.32 g/t Pd, Trench C12A, a new trench
just north east of the historic trench 12, which returned 24m @
0.12 % Cu, 0.19% Ni and 0.21 g/t Pd including 4m @ 0.45 g/t Pd and
Trench C15A, a new trench east south east of historic trench 15,
which returned 14m @ 0.42% Cu, 0.28% Ni and 0.15 g/t Pd, including
8m @ 0.6% Cu, 0.38% Ni, 0.20 g/t Pd. Rock Chip FXA15989, taken from
an old sample pile from the eastern end of the historic trench 15
returned 2.2% Cu, 0.51% Ni and 0.6 g/t Pd.
These results confirm some of the historic sampling and add
confidence to the theory of the presence of a larger mineralised
polymetallic zone associated with the Munni Munni intrusion with
mainly copper, nickel and PGEs. With both trenches 12A and 15A
finishing at both ends in mineralisation, there is great potential
for the mineralised zone to have a substantial width, which is up
to 100m in some historic reports. As the figures show below, the
north-south strike extent of this system has the potential to be
several kilometres long, running into the Munni Munni North licence
to the south (Figure 10). Historic trench 16 returned 8m @ 1.28%
Ni, 1.3 % Cu and 150 g/t Pd, though has not been retested by Alien
to date. With this recent work and the confirmation of the historic
anomalies, the Company continues to understand and develop the
potential of this larger system.
The Company is very encouraged by these early results and is
planning the next stage of work to possibly infill with more
sampling, and is considering RAB or Air Core drilling methods to
cover more ground cost effectively, while getting more detail from
sub surface sampling.
Figure 2: Location of trenches sampled, Elizabeth Hill Project,
Nov 2021
Figure 3: Copper sample results, trenches C1 - 3, Elizabeth Hill
Project, Nov 2021
Figure 4: Copper sample results, trenches C12A and C15A, with
historic sample results, Natalie Hill Prospect, Elizabeth Hill
Project, Nov 2021
Figure 5: Nickel sample results, trenches C1 - 3, Elizabeth Hill
Project, Nov 2021
Figure 6: Palladium sample results, trenches C1 - 3, Elizabeth
Hill Project, Nov 2021
Figure 7: Palladium sample results, trenches C12A and C15A, with
historic sample results, Natalie Hill Prospect, Elizabeth Hill
Project, Nov 2021
Figure 8: Copper results of rock chip sampling, Elizabeth Hill
& Munni Munni North, Nov 2021
Figure 9: Nickel rock chip sampling results, Elizabeth Hill
Project, November 2021
Figure 10: J-Reef Prospect historic sample results, Elizabeth
Hill Project, November 2021
- Ends -
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.
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
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 has
since entered into a conditional agreement to increase its interest
to 90% 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
Campos, 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.
Glossary:
Calcrete - a combination of surface material, soil, sand, pieces
of rock, that are cemented together by calcareous material, formed
in soils in semi-arid conditions
Calcareous - containing calcium carbonate; chalky
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END
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