The Munni Munni sale to Alien Metals is turning out to be a masterstroke.
Alien Metals announced today amazing drill results from Elizabeth Hill silver mine in the Pilbara.
"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"
The best I've ever seen from a silver deposit anywhere in the world!
UFO shares are only going one way IMHO so great news for ARV re. more cash and liquid investments.
Ann: Agreement to Sell 70% Munni Munni JV for A$4.9m Cash&Shares, page-46
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