Documents
Alien Metals Ltd (AIM: UFO), a minerals exploration and development company, is pleased to announce that all results from the recent resource definition core drilling programme at its 90% owned Hancock Iron Ore Project (“Hancock Project”), in the Pilbara Region, Western Australia, have been received.
Highlights:
- 13 diamond core holes were drilled during Q2 2023 for a total of 1049 metres (“m“) at the Company’sSirius Deposit, with the initial batch of assays reporting high-grade mineralisation (AIM: 20 July 2023).
- These final assay results confirm exceptional direct ship ore grades, as well as excellent widths and depth continuity of the proposed Sirius Mining Pit.
- Significant results from the final tranche of assays include:
o 52.8m @ 60.9% iron (“Fe”) from 1m including high-grade intercepts of 40m @ 61.5% Fe from 13m
from Drill Hole 23IHD013
o 61.2m@60.8%Fefrom1mincludinghigh-gradeinterceptsof31.9m@61.6%Fefrom22.2mfrom Drill Hole 23IHD010
o 57m@60.6%Fefrom13mincludinghigh-gradeinterceptsof40.5m@61.3%Fefrom27mfromDrill Hole 23IHD008
o 78.2m @ 60.4% Fe from 43.7m including high-grade intercepts of 11.3m @ 61.0% Fe from 110.6m from Drill Hole 23IHD007
o 98.5m@59.4%Fefrom1.5mincludinghigh-gradeinterceptsof47.3m@60.3%Fefrom14.1mand 9m @ 62.6% Fe from 91m from Drill Hole 23IHD005
• This final tranche compliments and reinforces grade from the first tranche of assay results (AIM: 20 July 2023):
Trading Symbols AIM: UFO FWB: I3A1
o 26.9m @ 60.03% Fe from 13.9m including a high-grade intercept of 12m @ 61.2% Fe from 28.8m, and 16.1m @ 59.75% Fe from 46.9m including a high-grade intercept of 9.9m @ 61.03% Fe from Drill Hole 23IHD003
o 49.0m@59.29%Fefrom14.0mincludinghigh-gradeinterceptsof8m@60.70%Fefrom17m,9.0m @ 61.51% Fe from 36.0m and 12.0m @ 60.58% Fe from 51.0m from Drill Hole 23IHD006