RE: RNS out Iron Ore news today22 Sep 2020 08:32
https://www.lse.co.uk/rns/UFO/exploration-at-hamersley-iron-ore-projects-qhrrjdzifl1u47o.html
Alien Metals Ltd (LSE AIM:UFO) ("Alien Metals" or "the Company"), a minerals exploration and development company, is pleased to advise that further to the RNS dated 25 August 2020, follow-up detailed geological mapping and sampling is underway at the Company's Hamersley Iron Ore Projects.
Highlights:
- Programme to validate recently announced Maiden Exploration Targets across both projects and will consist of:
o 4-5km of grid-based sampling across priority prospects; and
o Detailed mapping over exposed iron ore formations
o Drill access planning in the field
- Assay results from sampling expected late October
- Preparation of maiden drilling campaign to follow
Chief Executive Officer, Bill Brodie Good said: "The Company is extremely pleased with the results and findings of the recent detailed data compilation, which helped generate maiden Exploration Targets for both projects. The field work undertaken last year replicated the high-grade DSO results previously recorded at the projects and so our next objectives are to carry-out further exploration work, including an upcoming maiden drilling programme, to potentially convert the Exploration Targets into JORC compliant resources.
"We are very fortunate that we could quickly mobilise an experienced geological team into the field to carry out the planned exploration work. This will allow us to continue to develop these projects up the knowledge and value curve.
"The Company is excited about the potential to add significant value to the projects and developing next stage exploration from the outcome and looks forward to updating the market of progress in due course."
The two projects are within the Hamersley Province of Western Australia, known as one of the premier iron ore producing regions of the world. The Brockman Project (E47/3953) is located in the west Hamersley Province, 100 kilometres ("km") northwest of the Rio Tinto iron ore mining town of Tom Price, and 90km west of the Tom Price to Dampier mine railway. The Han**** Ranges Project (E47/3954) is located in the east Hamersley Province, 15km north of the BHP iron ore mining town of Newman, and 20km west of the Newman to Port Hedland mine railway.
As announced 25 August 2020, five priority prospects were identified with next stage exploration plans proposed. For the Brockman Project, three targets focus on the historic high-grade BHP prospects numbers 15, 19 and 20. Two key targets in the Han**** Ranges Project are the Sirius Extension prospect, that has previously been drilled by Volta Mining (refer RNS dated September 20, 2019 for further information), and the Kalgan Prospect in the north-west of the tenement, that the Company believes has excellent potential.
The follow-up exploration programme is planned to take a couple of weeks and will focus on detailed grid-based surface mapping and sampling to better define the 5 priority areas
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