Alien Metals (AIM:UFO ) said its technical team has successfully completed a follow-up detailed geological mapping and sampling programme at its Hamersley Iron Ore Projects.
The exploration firm told investors in September that it had begun follow-up work at the site in order to validate its recently announced exploration targets across its two projects.
The projects, the Brockman Project and the Hancock Ranges Project are in the Hamersley Province in Australia, known as one of the premier iron ore producing regions of the world.
Location of the Brockman and Hancock Ranges Iron Ore projects within the prolific iron ore producing region of the Pilbara.
(Source; Alien Metals)
Alien said detailed mapping was conducted over four of the project’s five priority projects during a site visit and consisted of four-to-five kilometres of grid-based sampling across priority prospects as well as detailed mapping over exposed iron ore formations.
The group outlined this morning that field observations indicate that the BHP 19 and BHP 20 prospects, two key targets in the Brockman Project, may be part of the same larger system.
Sample locations over simplified schematic outline of main units, Brockman Iron Project, October 2020
(Source; Alien Metals)
“With over 90 samples collected from only 4 prospects in a few days we are very encouraged and look forward to some excellent analytical results to complement the visible interpretations made by the team,” commented Alien Metal’s CEO, Bill Brodie Good.
Overall, the Company said the mapping and sampling programme has been successful in validating previously announced Maiden Exploration Targets across both projects as well as identifying additional prospective iron ore units mapped at the Brockman Iron project.
“The findings from the recently completed field programme are extremely pleasing and further validate the Company’s exploration targets. The field work has expanded upon the previous site visit, with the validation of recent research and the potential increase in projected DSO mineralisation within both tenements,” added Bill Brodie Good.
Shares in Alien Metals have climbed from 0.12p over the past three months to trade a further 9% higher this morning to 0.725p.
Samples have been dispatched to Intertek Genalysis, a mineral testing lab in Maddington, to be analysed for their Basic Iron Ore Package Analysis with X-ray fluorescence.
Assay results are expected in late October 2020 and final results from the sample assays and detailed mapping are to assist Alien with the preparation of its maiden drilling campaign.
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