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Share Price Information for Alien Metals (UFO)

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Share Price: 0.575
Bid: 0.55
Ask: 0.60
Change: -0.023 (-3.85%)
Spread: 0.05 (9.09%)
Open: 0.575
High: 0.575
Low: 0.575
Prev. Close: 0.598
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IN BRIEF: Alien Metals confirms potential mineralisation at Hancock

Wed, 30th Mar 2022 20:21

Alien Metals Ltd - London-based exploration company focused on Australia, Mexico and Greenland - Results from a rock chip sampling programme conducted as part of its Hancock project phase three drilling confirms potential for additional direct shipping ore-grade iron mineralisation at surface.

Rock chip samples numbered 67, with 25 returning assays of greater than 60% iron and with an average grade of 63% iron.

Over 3 kilometres strike length of new drill targets were identified, and support the company's belief of repeat high-grade ridges across the Hancock project.

"Ongoing exploration across the Hancock project continues to deliver outstanding results. To have identified further potential high-grade ridges is very encouraging and, once the weather permits, we will aim to continue our programme of drill testing," says Chief Executive Officer Bill Brodie Good.

Current stock price: 0.83 pence, up 7.5% in London on Wednesday

12-month change: down 12%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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