Alien Metals Ltd (AIM:UFO), a minerals exploration and development company, is pleased to provide an update on the Company’s Hancock Iron Ore Project, part of its Hamersley Iron Ore Project, Western Australia.
Follow the link to view the announcement in full including all figures: http://www.rns-pdf.londonstockexchange.com/rns/0014N_1-2022-5-26.pdf
Highlights
· A Reverse Circulation (RC) drilling programme totalling ~2,100 metres aimed to further 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) is underway
· Following receipt of assays from the Phase 4 programme, Alien aims to upgrade a portion of the MRE to indicated status (covering ridges C and E), which would support upcoming mine planning
· Initial drill testing will be undertaken across the ~3km strike length of targets on ridges F and G, which were recently defined from surface sampling (see announcement dated 2 March 2022)
· Alien to undertake detailed mapping and sampling of newly identified targets at Hancock following recent site visit by Chief Executive Officer, Bill Brodie Good and Competent Person, Howard Baker
Bill Brodie Good, Chief Executive Officer & Technical Director of Alien Metals, commented: “The phase 4 RC drilling programme at Hancock is now underway. This programme has two key aims – to upgrade confidence in the existing Mineral Resource Estimate (MRE) to convert a portion of the MRE to an indicated status, and to define a maiden MRE over a portion of ridges F and G.
“Following the recent site visit by our CP, Howard Baker, we have further increased our confidence in this exciting project. We have delivered a robust DSO grade resource in a relatively short time frame, and we see significant scope to further grow the resource that will help to underpin a future mining operation. The permitting and baseline studies continue to progress well and the team is very excited about the way the Hanock project is shaping up”.
Alien has commenced a 70 hole 2,100m RC drill programme which will initially focus on ridges C and E before moving on to ridges F and G. The infill drilling at ridges C and E aims to convert a significant portion of the existing JORC compliant inferred resource to an indicated status. Most holes are planned between 15-25m depth, focused on the DSO grade material. At ridges F and G, wide spaced exploration drilling will be carried out along the 3km strike length of high grade surface sampling results. The Company hopes that this maiden drill programme will be sufficient to declare a maiden JORC resource over these ridges.
The surface sampling undertaken at ridges F and G earlier this year consisted of 67 samples, with 25 returning assays greater than 60% Fe (with an average of 63% Fe). This programme led to defining a further 3km of highly prospective iron ridges.
In conjunction with the phase 4 drilling programme, the Company will carry out more surface mapping and sampling on the remaining 6.5 kilometres of strike length to test on ridges G and H, as well as moving in the central and eastern areas of the tenement to begin first pass exploration.
Brockman
The Programme of Work (POW) for a maiden drilling programme on the Brockman tenement has recently been approved. The Alien technical team is finalising the drill planning ahead of the maiden drilling programme at Brockman in Q3.
Further updates will be provided in due course as appropriate.
Figure 1: Location of Hancock Iron Ore Project, Western Australia
Figure 2: Location of planned Phase 4 in-fill drill holes, Ridges C and E, Hancock Iron Ore Project, May 2022
Figure 3: Location and results of rock chip sampling programme, Hancock Iron Ore Project, Western Australia, March 2022
Figure 4: Location of planned exploration drilling on new targets of Ridges F and G, May 2022
For further information please visit the Company’s website at www.alienmetals.uk, or contact:
Alien Metals Limited
Bill Brodie Good, CEO & Technical Director
Tel: +44 (0) 203 811 2144
