Alien Metals Ltd
Phase 4 resource drilling underway at the Hancock Iron Ore Project Alien Metals Ltd (AIM:UFO), a minerals exploration and development company, is pleased to provide an update on the Company’s Hancock Iron Ore Project, part of its Hamersley Iron Ore Project, Western Australia.
Highlights - A Reverse Circulation (RC) drilling programme totalling ~2,100 metres aimed to further increase geological confidence in the existing JORC compliant Inferred Mineral Resource Estimate (MRE) of10.4Mt @ 60.4% Fe(see announcement dated 22 September 2021) is underway
- Following receipt of assays from the Phase 4 programme, Alien aims to upgrade a portion of the MRE to indicated status (covering ridges C and E), which would support upcoming mine planning
- Initial drill testing will be undertaken across the ~3km strike length of targets on ridges F and G, which were recently defined from surface sampling (see announcement dated 2 March 2022)
- Alien to undertake detailed mapping and sampling of newly identified targets at Hancock following recent site visit by Chief Executive Officer, Bill Brodie Good and Competent Person, Howard Baker
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