Alien Metals Ltd (LON:UFO) said it has received final laboratory analysis of assays and submitted drilling plans to the Mines Department for next stage exploration at the company’s Hamersley Iron Ore Projects in Australia.
The AIM-listed minerals exploration and development company noted that this follows the initial exploration update it provided on October 29, 2020.
The group said highlights of the assays received for the 95 rock-chip/ grab samples from Hamersley Iron Ore include 66.95% iron from the Hancock project and 64.39 % iron from the Brockman project with consistent DSO grades where expected.
Alien Metals said the assay results confirm high-grade results from preliminary handheld XRF results, while high-grade sample locations extend previously mapped prospective areas which are outside of those incorporated into the company’s maiden exploration targets.
The company noted that maiden Reverse Circulation (RC) drilling programme are finalised for the Hancock Ranges Project, which will consist of between 3,500-4,000 metres, with fieldwork having confirmed drilling access areas.
It said a Program of Works (POW) for drilling has been submitted, with drilling to commence in the first quarter of 2021. The drilling will test the high-priority Kalgan prospect in the Hancock Ranges tenement, which has been mapped over a strike length of over 3 kilometres.
In a statement,. Alien Metals chief executive officer, Bill Brodie Good said: “The laboratory assays have confirmed high-grade iron ore results of up to 66% Fe. These are excellent results and confirm the findings from XRF readings taken in late October. Our technical team has scoped out drilling access at the Hancock Ranges Project and in particular the Kalgan prospect. Additionally, the team has taken additional samples from Kalgan to in-fill areas covered from the October programme.
“The Company has identified the highest priority target now and is finalising the first targets maiden drilling programme, which will consist of between 3,500-4,000m of RC drilling on the Kalgan prospect target in the Hancock Ranges tenement. With the POW submitted, we hope to be on the ground as soon as possible. Following the recent capital raising, which was strongly supported, the Company will be advancing exploration across the entire project portfolio and looks forward to updating the market regarding Hamersley, Elizabeth Hill and Mexico.”