Alien Metals Limited - Maiden Exploration Targets Identified at Hamersley
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Maiden Exploration Targets Identified at Hamersley Iron Ore Projects
- Both tenements cover large areas of the
o Both tenements contain areas of high-grade iron ore mineralisation, as confirmed by recent and historic geological reconnaissance, sampling and sample analysis
o Both tenements have the potential to contain significant tonnages of mineralisation, subject to more detailed geological mapping, sampling and drilling
- Five priority prospects for follow up field exploration, including:
o The Sirius Extension prospect and Kalgan Prospect at E47/3954; and
o The BHP 19 and BHP 20 prospects at E47/3953, with a new exciting prospect (BHP 15) defined from historical research study
- Targeting and data review has led to Maiden Exploration Targets across both projects, assumed to be high-grade DSO
- Planning for Alien's geological team to get on ground as soon as possible
"The Company is excited about the potential to add significant value to the projects and looks forward to updating the market of progress in due course."
Figure 1: Location of the Brockman and Hancock Ranges Iron Ore projects within the prolific iron ore producing region of the Pilbara
The two projects are within the
Over 600 public reports were reviewed covering both projects, with all relevant reports and maps compiled into a database for future reference. No fieldwork was done during this validation of the historic data, but all field locations were georeferenced as accurately as possible as part of the review.
Five priority prospects were identified and further studied and next stage exploration has been proposed for all of them. For the
Figure 2: Location of proposed mapping traverses, BHP 20 Deposit, over geology and historic sampling, E47/3953,
Figure 3: E47/3954 target areas showing historic sampling over geology,
Figure 4: Schematic Cross section of BHP20 deposit E47/3953, KBG,
Following the comprehensive historical data review and incorporating the prior sampling and drilling of Volta Mining with the sampling undertaken by
Table 1. Exploration Target estimates for the
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Low case Tonnes (Mt)
High case Tonnes (Mt)
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Note: exploration data utilised in the model for the Exploration Targets included geological mapping, drill hole data, surface and rock-chip sampling, iron ore assay data from drilling and rock-chip sampling, and adjacent drilling and mapping of the mineralised iron ore formations.
Due to lack of drilling data (primarily at BHP 20 and BHP 19), there is currently insufficient information to allow for a resource estimate in accordance with the JORC Code (2012) guidelines. Management is currently working with the Company's geological consultants regarding next-stage exploration, leading into maiden drilling programmes.
The iron ore grade ranges are based on the minimum and maximum assayed grades from previous drilling and sampling programmes at the
A specific gravity (SG) of three was used to calculate the tonnage ranges and are based on SG's used by neighbouring producers/developers within the Hammersley province, including Brockman Mining at their
Finalisation of field programmes are being done with planning to get a team into the field as soon as possible.
Where the Company refers to previous Exploration Results it confirms that it is not aware of any new information or data that materially effects the information included in previous announcements and all material assumptions and technical parameters disclosed in those announcements continue to apply and have not materially changed.
For further information please visit the Company's website at www.alienmetals.uk, or contact:
St-James' Corporate Services, Company Secretary
Tel +44 (0)20 7374 2212
Tel: +44 (0) 207 628 3396
Tel +44 (0)20 7399 9425
Blytheweigh (Financial PR)
Tel: +44 (0) 207 138 3204
Turner Pope Investments (TPI) Limited (Joint Broker)
Tel +44 (0)20 3657 0050
Notes to Editors
In addition to progressing and developing its portfolio of assets and following its strategic review of its portfolio of silver and precious metals projects in
The information in this report which relates to Exploration Targets, Exploration Results and Mineral Resources or Ore Reserves is based on information compiled by Mr
This press release contains certain "forward-looking information". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are deemed forward-looking information.
This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company as well as certain assumptions, including the availability of sufficient funds. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realised or substantially realised, there can be no assurance that they will have the expected consequences to, or effects on the Company.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
 The potential quantity and grade for the Exploration Targets (Table 1) are conceptual in nature. There has been insufficient exploration to date to estimate a Mineral Resources in accordance with the JORC Code and it is uncertain if further exploration will result in the estimation of a Minerals Resource across the projects.
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