Business
Hancock firming up as standalone DSO operation
Hancock firming up as standalone DSO operation.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 1959I\n Alien Metals Limited\n 11 August 2021\n \n \n \n \n \n Trading Symbols\n AIM: UFO\n FWB: I3A1\n 11 August 2021\n \n Alien Metals Ltd\n (\"Alien\" or \"the Company\")\n \n Hancock Iron Ore Project firming up as standalone DSO operation\n \n Follow the link to view the announcement in full including all figures: http://www.rns-pdf.londonstockexchange.com/rns/1959I_1-2021-8-10.pdf\n \n Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update the market on the Hancock Iron Ore Project in the Pilbara region of Western Australia.\n \n Highlights\n \n · Initial Assay results from the second phase of Reverse Circulation (RC) resource drilling have demonstrated significant widths of direct shipping ore (DSO) grade intersections from surface at the Sirius Extension Project\n \n · All intersections from the Sirius Extension Project clearly point to a contiguous DSO grade deposit with best initial results from the second phase drill program including:\n \n o \n 47m @ 61.50\n % Fe in hole AM21RC002 001 from 2m \n \n o \n 78m @ 61.20 % Fe in hole AM21RC002 002 from 1m \n \n o \n 25m @ 61.50 % Fe in hole AM21RC002 003 from surface \n \n o \n 88m @ 60.60 % Fe in hole AM21RC002 004 from 1m \n \n o \n 29m @ 59.60 % Fe in hole AM21RC002 005 from 12m \n \n o \n 19m @ 59.30 % Fe in hole AM21RC002 006 from 15m\n \n o \n 68m @ 58.50 % Fe in hole AM21RC002 007 from 11m \n \n \n · With the continued strong results from the Sirius Extension Project, maiden resource estimation work and mining studies have commenced with initial results anticipated in the September quarter\n \n · Further drilling at the Western Ridges Project is being planned as a third phase program; management's expectation is that this will deliver a zone to contain a potential second resource\n \n The second phase of drilling was designed to in-fill the maiden drilling at the Sirius Extension Project. We are now confident that the current drill spacing is sufficient to enable the delineation of a maiden JORC resource to be calculated. The laboratory results received to date have further confirmed the excellent potential of the Sirius prospect.\n \n \n \n ...