GCIAlien Metals identifies ‘strong’ anomalies at Elizabeth Hill project
(UFO )has identified ‘strong’ anomalies of copper, nickel and PGM (platinum, palladium and gold) mineralisation from trenching and rock chip sampling at the Elizabeth Hill project.
The minerals exploration and development firm said the results from initial trenching at the project which hosts the high-grade Elizabeth Hill Silver Mine included 26m @ 0.25% copper (Cu) and 0.2% of nickel (Ni); and 34m @ 0.1 % Cu, 0.17% Ni and 0.19 g/t palladium (Pd).
Rock chip sampling identified 2% Cu, 0.51% Ni and 0.6 g/t Pd from one sample taken from historic trench 15 and 0.23% Cu from a Yannery Hill prospect sample in Munni Munni North.
The Group said these results further validate its view that the Elizabeth Hill Project hosts the potential for a much larger mineralised (VMS-style) system along with the silver deposit. Alien plans to follow up with a field program to expand the knowledge and potential of these targets.
As the company is underway planning its next stage of work, it says this could incorporate infilling the area with more sampling or even considering RAB or Air Core drilling methods to cover more ground cost effectively while getting more detail from subsurface sampling.
Commenting on the ‘strong’ anomalies identified, Bill Brodie Good, CEO & Technical Director, said:“The maiden trenching programme has reinforced historical anomalies of anomalous copper, nickel and PGM 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 source.
He said. “This mineralisation appears to be associated with the ultramafic intrusion of the Munni Munni intrusions, the known J-Reef and the complex structural controls in the area.”
The company highlighted that the more regional rock chip sample results from Munni Munni North are giving it further target areas to pursue, “especially the southern trend of the J-Reef and the area around Conquest prospect in the east.” It said it plans to test these areas.
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Earlier this month, Alien Metals unveiled that it had raised gross proceeds of around £3.5. It told investors that this will enable it to deliver its work programme over the next 6-12 months.
Specifically, Alien Metals has undertaken the £3.5m placing to progress its corporate and operational strategy, which includes progressing Phase 3 infill and extensional drilling on the Hancock Iron Ore Project and putting plans in place to move the project towards mining.
The funds will also aid ongoing exploration around the Elizabeth Hill Silver project, further exploration drilling in Mexico; early stage exploration on regional tenements including Munni Munni North and resource drilling at the Brockman Iron Ore Project and for working capital.
In recent weeks, an initial independent scoping study for the Hancock Iron Ore Project demonstrated the potential of exceptionally strong returns from a potential development.
In October, Alien announced that it was advancing the Hancock Iron Ore Project by engaging the mining consultancy firm Mining Plus to carry out a scoping study at the project area.
Following the results from the Scoping Study, which Alien described as ‘exceptional’, the Company has begun planning the next stages of development with the appointment of a highly experienced iron ore operations manager to commence the permitting process.
Last month, Alien noted that ongoing drilling at the Elizabeth Hill Silver Project had continued to produce visible sulphides and silver and was providing “excellent geological information.”
In September, Alien said it was “extremely encouraged” by the initial findings of its inaugural drilling program at the Elizabeth Hill Silver Project in the Pilbara Region of Western Australia.
This inaugural program was designed to test some of the historic drilling undertaken over 20 years ago for quality control (QA/QC) purposes, but also to test the Company’s belief that the historical silver ore body forms part of a much larger and widespread mineralised system.
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