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UPDATE ON ELIZABETH HILL SILVER PROJECT
UPDATE ON ELIZABETH HILL SILVER PROJECT.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n \n \n RNS Number : 6518V\n Alien Metals Limited\n 10 August 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 10 August 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 Link to full announcement including figures:\n \n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/6518V_1-2020-8-10.pdf\n \n \n \n \n \n \n \n \n UPDATE ON ELIZABETH HILL SILVER PROJECT \n \n \n \n \n \n \n Alien Metals, the minerals exploration and development company, \n is pleased to provide an update on the acquisition of the high-grade Elizabeth Hill Silver Project (\"Elizabeth Hill\" or the \"Project\"). The Company is working closely with the advisors of Karratha Metals Group Limited (\"KMG\"), the current owner of the Project, to effect completion of the acquisition as soon as possible. In the coming week, KMG will be despatching a notice of meeting to its shareholders to approve the sale of Elizabeth Hill to Alien Metals. The expected meeting date is for mid-September, with completion of the acquisition to take place shortly thereafter. \n \n \n \n \n \n The historical data review undertaken by the Company in conjunction with its technical advisors, has provided a wealth of information on the Project, including prospective areas for immediate follow-up. As such, Alien Metals plans to submit a programme of work (\"POW\") in the coming weeks to facilitate a first pass trenching programme at Elizabeth Hill. \n \n \n \n \n \n Bill Brodie Good, Technical Director of Alien Metals, commented: \"The Company is eager to complete the acquisition of Elizabeth Hill as quickly as possible. Importantly, we have been continuing our data compilation and planning upcoming work programmes, including the submission of a POW to undertake an initial trenching programme at Elizabeth Hill combined with some more detailed mapping and surface sampling.\n \n \n \n \n \n \"Elizabeth Hill is a very high-grade silver project in a tier 1 jurisdiction. Mining ceased in 2000 when silver dropped to 4 USD an ounce, so with current silver prices of over 28 USD and the remaining potential we believe to exist we are excited about the prospects of fast-tracking ...