Alien Metals Ltd (LON:UFO) has received the results of the laboratory analysis for approximately 370 soil samples covering the eastern portion of the new licence which surrounds the company’s Elizabeth Hill silver project.
The soil samples were processed by ALS Global in Perth. Alien agreed to acquire the tenement at the beginning of October.
Approximately 600 soil samples were included in the deal, 370 of which have been found to be within the new licence.
“These initial soil sample results are very encouraging and at such an early stage to the new tenement acquisition, add some new targets already into the list,” said chief executive Bill Brodie Good.
“The anomalous trends appear consistent with mapped and interpreted structures and contacts, which further cements their veracity as genuine new targets. More detailed review of this recent data will be undertaken in conjunction with the ongoing historic data review, which will lead to next stage exploration work to be planned,” he added
“But as a start, we are really pleased with the results and looking at the recent major discoveries in the area, we feel there is considerable potential to identify a new mineral discovery and are keen to progress this project on several fronts.”