Alien Metals Limited (UFO.L) Alien intersects bonanza silver at Elizabeth Hill

Alien intersects bonanza silver at Elizabeth Hill including 9.7m @ 8,326 g/t Ag (267oz/t Ag) from 15m

Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update the market on its inaugural drilling program at the high-grade Elizabeth Hill Silver Project in the Pilbara Region of Western Australia. The drill program consisted of a total of 1,991 metres in 22 holes across the Project and the results below are from the 4 diamond drill holes completed for 211m from the first stage of the drilling program. The remaining results are expected in the coming weeks.

Follow the link to view the announcement in full including all figures:

http://www.rns-pdf.londonstockexchange.com/rns/8260Z_1-2022-1-27.pdf

Highlights

• Exceptionally high silver grades have been returned from the Elizabeth Hill diamond drilling program with assays including:

o 9.7m @ 8,326 g/t Ag (267oz/t Ag) from 15m in drillhole 21EHDD003; and,

o 24.8m @ 829 g/t Ag (27oz/t Ag) from 2m including 11.7m @ 1,735 g/t Ag (56oz/t Ag) and 1.7m @ 19,865g/t Ag (639oz/t Ag) from 23m, in drillhole 21EHDD001

• Additionally, significant assay results for base metals have also been returned from the same intervals, these include:

o 14.2m @ 0.18% Cu, 0.14% Ni, 0.36% Pb, 0.12% Zn and 140 g/t Co from 10.5m including 9.7m @ 0.18% Cu, 0.14% Ni, 0.27% Pb and 0.13% Zn in drillhole 21EHDD003; and,

o 24.8m @ 0.15% Cu, 0.11% Ni, 0.3% Pb, 0.22% Zn and 222 g/t Co from 2m in drillhole 21EHDD001

· Interpretation of these diamond core results suggest the mineralised envelope at Elizabeth Hill may be larger than work by previous explorers has suggested

· This mineralisation starts at surface in highly weathered, soft and easily extractable material

· A significant number of assays from the RC drilling remain outstanding

Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “These fantastic initial results support the Company’s view that the near surface oxide expression of the deposit was never fully tested, nor its potential fully explored for both the silver and the base metals present. Some of these grades have to be some of the highest for a silver project in Australia. We look forward to receiving the outstanding RC drill results which will enable us to further interpret these results along with the historic results to aid in planning the next round of work programmes to advance the heavily endowed Elizabeth Hill and Munni Munni mineralised system.”

From initial interpretation, there is significant and extremely high-grade silver mineralisation in what appears to be a shallow southerly dipping body that also contains some significant copper, nickel, cobalt, zinc and lead, which could easily be classed as significant asscociated products in a production scenario.

The Alien technical team is constantly in the process of reviewing the fresh data as received, as well as combining it with historic data to continue to develop plans and targets. The Company looks forward to further updating the market as more results are received.

The transfer of the Elizabeth Hill Mining Lease and the Munni Munni North ELA are still ongoing with statutory paperwork being completed to finalise the transfers soonest.

The completion of the 90% acquisition of the Hamersley Iron Ore Tenements is also ongoing with statutory paperwork beign completed to finalise the transaction soonest.

Figure 1: Location of Elizabeth Hill Silver Project, Western Australia

Table 1: Summary highlight intersections from Core drilling, Elizabeth Hill, January 2022*

Figure 2: Plan view with results of diamond core holes, Elizabeth Hill, January 2022

Figure 3: 21EHDD001 core with associated silver grades, Elizabeth Hill

– 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


Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned
Share Talk
Share via
Copy link
Malcare WordPress Security