Alien Metals provides Hancock Iron Ore Project update

Highlights

• 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.
• All intersections from the Sirius Extension Project clearly point to a contiguous DSO grade deposit with best initial results from the second phase drill programme, including:
  • AM21RC002 001: 47 m at 61.50% iron (Fe) from 2 m.
  • AM21RC002 002: 78m at 61.20% Fe from 1 m.
  • AM21RC002 003: 25 m at 61.50% Fe from surface.
  • AM21RC002 004: 88 m at 60.60% Fe from 1 m.
  • AM21RC002 005: 29 m at 59.60% Fe from 12 m.
  • AM21RC002 006: 19 m at 59.30% Fe from 15 m.
  • AM21RC002 007: 68 m at 58.50% Fe from 11 m.
• 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.
• Further drilling at the Western Ridges Project is being planned as a third phase programme; management’s expectation is that this will deliver a zone to contain a potential second resource.

The second phase of drilling was designed to in-fill the maiden drilling at the Sirius Extension Project. The company is 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 potential of the Sirius prospect.

Bill Brodie Good, CEO and Technical Director of Alien Metals, commented: “Our Hancock Iron Ore Project is shaping up to be a significant development opportunity for Alien. We have now defined DSO grade iron ore over a strike length of 350 m at the Sirius Extension Prospect alone and we now have nearly all the data to calculate a maiden JORC resource at Sirius.”

“In parallel to this work, the company has already engaged specialists mining consultants, Mining Plus, to deliver a high level scoping study for the Sirius Extension prospect. Mining Plus has extensive experience with similar DSO grade projects that have recently transitioned from explorer to producer in Western Australia; this provides valuable data as a benchmark for Alien and will provide robustness to the financial model, even at this preliminary stage. Alien is highly encouraged by the early review work and looks forward to providing an update in due course.”

“In addition to the Sirius Extension prospect and the yet to be resource drilled Western Ridges, significant potential still remains at Hancock, with only 15% of the tenement tested to date.”

John Battista, Principal Mining Consultant, Mining Plus, added: “Based on our conceptual study-level work to date, the Hancock project has the potential to be developed into a niche direct-shipping iron ore producer in the heart of the world-famous Pilbara region of Western Australia.”

Alien used the industry standard of inserting 5% Certified Reference Material (CRM) samples and 5% duplicate samples at source. The CRMs are sourced from Geostats Pty Ltd, Perth, WA, a global leader in the manufacture and sale of CRMs. All samples generated were dispatched to Intertek Genalysis at Maddington, Perth, WA, and analysed for their Standard Iron Ore Package Analysis with XRF finish, which includes elements iron, aluminium, calcium, potassium, magnesium, manganese, sodium, phosphorus, sulfur and silicon. This is the same as the analysis and laboratory used in all Alien’s analysis work on these projects to date to maintain consistency and comparability between all analyses.

The company notes that it is still waiting on the laboratory results of 3 holes from the Sirius Extension Prospect phase 2 drilling as well as all the Western Ridge prospect holes and are hoping to receive these in the coming couple of weeks.

Read the article online at: https://www.globalminingreview.com/exploration-development/11082021/alien-metals-provides-hancock-iron-ore-project-update/