Bill Brodie Good of Alien Metals discusses a further 3km of new high-grade ridge targets at Hancock Iron Ore Project
Episode 643, Mar 31, 2022, 08:49 AM
Bill Brodie Good, CEO & Technical Director of Alien Metals #UFO discusses a further 3km of new high-grade ridge targets defined at Hancock Iron Ore Project, part of its Hamersley Iron Ore Project, Western Australia.
Bill Brodie Good, CEO & Technical Director of Alien Metals #UFO discusses a further 3km of new high-grade ridge targets defined at Hancock Iron Ore Project, part of its Hamersley Iron Ore Project, Western Australia.
Highlights
- Results from a recent rock chip sampling programme conducted at part of the Hancock Phase 3 drilling has confirmed the potential for additional DSO grade Fe mineralisation at surface
- During the programme, 67 rock chip samples were taken across newly identified target areas with 25 samples returning assays of greater than 60% Fe and with an average grade of 63% Fe
- The programme highlights excellent continuity of potential high-grade zones with at least 5 new high-grade ridge targets defined
- In total, over 3km strike length of new drill targets have been identified and the results further support the Company's belief of repeat high-grade ridges across the Hancock Project
- None of these newly identified targets have yet been drill tested
About Alien Metals
Alien Metals Ltd is a mining exploration and development company listed on the AIM market 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 with a conditional agreement to increase its interest to 90% in May 2021 also being put in place.
In 2020 the Company agreed to acquire 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Silver Mine Mining Lease and the 150km2 exploration tenement around the mine. The Company also holds two silver projects, San Celso and Los Campos, located in Zacatecas State, Mexico, 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 also holds a Copper Gold project in the same region, Donovan 2.
In March 2022 the Company acquired 100% of the former joint venture interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia, one of Australia's major underexplored PGE and base metals projects. Munni Munni holds an historic deposit containing 2.2Moz 4E PGM: Palladium, Platinum, Gold, Rhodium.
The Company was also awarded an Exploration Licence in Greenland in late 2020, which surrounds the world class Citronen Zinc-Lead deposit.