Business
Elizabeth Hill Project & Mexico Exploration Update
Elizabeth Hill Project & Mexico Exploration Update.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \n \n RNS Number : 0098F\n Alien Metals Limited\n 04 March 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Trading Symbols\n \n \n AIM: UFO\n \n \n FWB: I3A1\n \n \n 4th March 2020\n \n \n \n \n \n \n Alien Metals Ltd \n \n \n \n \n (\"Alien Metals\" or \"the Company\")\n \n \n \n \n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/0098F_1-2020-3-4.pdf\n \n \n \n \n \n \n \n \n ELIZABETH HILL SILVER PROJECT AND MEXICO EXPLORATION UPDATE \n \n \n \n \n \n \n Alien Metals, the minerals exploration and development company, \n is pleased to provide an update on the Elizabeth Hill Silver Project (\"Elizabeth Hill\" or the \"Project\") and exploration planning. Following Technical Director Bill Brodie Good's recent successful visit to the Company's Mexican projects and a visit to Australia, where he spent time with the in-country teams, the Company is pleased to provide an update on project development. \n \n \n \n \n \n \n Highlights\n \n :\n \n \n · \n \n Elizabeth Hill open pit resource untouched to date\n \n \n \n · \n \n Further Resource potential in underground workings and strike extensions\n \n \n \n · \n \n Review has uncovered potential for Palladium, Nickel and Copper mineralisation within the project area\n \n \n \n · \n \n Donovan 2 Copper Gold Induced Polarisation Magnetic survey underway\n \n \n \n · \n \n Finalising underground sampling program for San Celso Silver Project\n \n \n \n \n \n \n In Australia, Bill worked with the in-country technical team to advance project planning as part of the Company's ongoing due diligence on Elizabeth Hill and work to conclude the acquisition, as further detailed in the original announcement of 4 December 2019. The Company expects to conclude this by the end of Q1 2020.\n \n \n \n \n \n Bill Brodie Good, Technical Director, commented: \n \n \n \"Elizabeth Hill is historically one of Australia's highest grade silver mines and has produced over one million ounces at an average of 2,195 g/t Ag (70.24 Oz/t Ag) from an initial resource of just over four million ounces with exceptional native silver nuggets including, as previously reported, a 180 Kg nugget. Mining ceased in 2000 due to a depressed silver price hence the remaining considerable untapped resource. With the current silver price...