Business
New high-grade ridge targets defined at Hancock
New high-grade ridge targets defined at Hancock.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 4673G\n Alien Metals Limited\n 30 March 2022\n \n \n \n \n \n Trading Symbols\n AIM: UFO\n FWB: I3A1\n \n OTC:\n ASLRF\n \n \n 30 March 2022 \n \n Alien Metals Ltd\n (\"Alien\" or \"the Company\")\n \n A further 3km of new high-grade ridge targets defined at Hancock Iron Ore Project\n \n \n Follow the link to view the announcement in full including all figures: \n http://www.rns-pdf.londonstockexchange.com/rns/4673G_1-2022-3-29.pdf\n \n \n Alien Metals Ltd (LSE AIM:UFO), a minerals exploration and development company, is pleased to provide an update on the Company's Hancock Iron Ore Project, part of its Hamersley Iron Ore Project, Western Australia, further to its announcement of 2 March 2022.\n \n Highlights\n \n \n \n Results from a recent rock chip sampling programme conducted at part of the Hancock Phase 3 drilling has confirmed the potential for additional DSO grade Fe mineralisation at surface\n \n \n \n \n During the programme, 67 rock chip samples were taken across newly identified target areas with 25 samples returning assays of greater than 60% Fe and with an average grade of 63% Fe\n \n \n \n \n The programme highlights excellent continuity of potential high-grade zones with at least 5 new high-grade ridge targets defined\n \n \n \n \n In total, over 3km strike length of new drill targets have been identified and the results further support the Company's belief of repeat high-grade ridges across the Hancock Project\n \n \n \n \n None of these newly identified targets have yet been drill tested\n \n \n \n \n \n Bill Brodie Good, Chief Executive Officer & Technical Director of Alien Metals, commented: \n \"Ongoing exploration across the Hancock Project continues to deliver outstanding results. To have identified further potential high-grade ridges is very encouraging and, once the weather permits, we will aim to continue our programme of drill testing.\n \n \n \"The Company's iron ore assets in Australia are progressing very rapidly. At Hancock, the bulk sample testing is nearing completion and the work programme to secure the necessary permits in getting the project shovel-ready remains ongoing. Across at the Brockman Project, planning of our maiden drill programme has been completed and we are looking forward t...