RE: RNS18 Nov 2021 07:19
18 November 2021
Alien Metals Ltd
("Alien" or "the Company")
Strong Nickel, Copper and PGE anomalies defined in initial trenching and rock chip sampling programme at Elizabeth Hill
Follow the link to view the announcement in full including all figures:
http://www.rns-pdf.londonstockexchange.com/rns/7547S_1-2021-11-17.pdf
Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update the market on the results of its trenching and mapping programme at the Elizabeth Hill Project, host to the high-grade Elizabeth Hill Silver Mine in the Pilbara Region of Western Australia.
This trenching and mapping programme was completed as part of some QA/QC work by Alien on the numerous targets in the project, and was also planned to complement the recently completed initial drilling programme.
Highlights
· Strong Copper ("Cu"), Nickel ("Ni") and Platinum Group Elements ("PGE") mainly Palladium ("Pd") assays from trenching and rock chip sampling programmes
· Trenching results include:
o 26m @ 0.25% Cu and 0.2% Ni, including 8m @ 0.6% Cu, 0.38% Ni and 0.20 g/t Pd from trench 15a, which remains open on strike at both ends
o 34m @ 0.1 % Cu, 0.17% Ni and 0.19 g/t Pd over the entire length of trench 12a, also open on strike at both ends
· Rock chip results include:
o 2.2% Cu, 0.51% Ni and 0.6 g/t Pd from a sample taken from historic trench 15
o 0.23% Cu from sample at Yannery Hill prospect in Munni Munni North
· Results further validate the Company's view that the Elizabeth Hill Project hosts the potential for a much larger mineralised (VMS-style) system along with the silver deposit
Bill Brodie Good, Chief Executive Officer & Technical Director of Alien Metals, commented:
"The maiden trenching programme has reinforced historical anomalous copper, nickel and PGE mineralisation, which are still open along strike and, given the width and grade of these zones, could indicate the presence of a much larger system as a source. This mineralisation appears to be associated with the ultramafic intrusion of the Munni Munni intrusion, the known J-Reef and the complex structural controls in the area. These results will contribute to planning a follow-up field programme to expand our knowledge of the potential of these targets.
"The more regional rock chip sample results from Munni Munni North are also giving us further target areas to pursue, especially the southern trend of the J-Reef and the area around the Conquest prospect in the east, and we will continue to test these areas when we go back into the field."
Following a detailed review of the historical exploration carried out on the project, including the advice and recommendations from senior geologists who have previously worked on the project at various stages over the last 25 years, Alien proposed a series of trenches. The goal of this was to identify a repeat silver orebody as well as to identify a more de