Results confirm four high grade Direct Shipping Ore ('DSO') mineralisation prospects.
Highlights
Maiden drilling completed in
Three main target areas drilled, including the Sirius Extension prospect, which adjoins the Sirius iron ore project held by
Significant DSO results include: 103m @ 61.8% Fe from surface ending in ore (Sirius Extension, AM21RC001 048).
73m @ 59.5% Fe from 6m ending in high-grade ore (Sirius Extension, AM21RC001 047).
26m @ 54.3% Fe from surface, including 13m @ 61.5% Fe from 2m depth (Ridge C, AM21RC001 006).
18m @ 55.1% Fe from surface (Kalgan Prospect, AM21RC001 016).
10m @ 55% Fe from 3m (Kalgan Prospect, AM21RC001 012).
12m @ 60.5% Fe from 4m (Ridge E, AM21RC001 033).
Maiden drilling confirms four high grade DSO iron ore prospects across the Hancock project.
Follow-up RC program progressing well, with 1,300m drilled to date.
'The second phase of drilling is progressing well, with roughly 1,300m drilled to date. In addition to the known DSO grade iron ore at the Sirius Extension prospect, the focus of the follow-up program is to prove up the DSO potential across the other prospect areas using surface mapping and sampling to study the untested areas of the tenement we believe to have even more potential.'
The drilling targeted three initial prospects to enable the Company to continue developing its knowledge of the project as a whole and to further prioritise for next stage drilling. Hancock now has 4 known prospects, including the Sirius Extension, Kalgan, Western Ridges and the central zone, with a large part of the tenement still to explore and the Brockman tenement still to commence drilling.
Sirius Extension Prospect
The Sirius Extension prospect sits within the north-east of the tenement boundary and borders the Sirius DSO project owned by
Significant intersections at Sirius Extension prospect included 103m @ 61.79% Fe which finished in DSO grade iron ore from hole AM21RC001 048, and 73m @ 59.72% Fe from the nearby hole AM21RC001 047 which also finished in DSO grade ore.
The follow up drill program underway should enable Alien to generate a maiden JORC resource at the
Western Ridges DSO prospects
The already reported excellent results from the new ridge targets include a maximum intersection of 1m at 65.88% Fe from hole AM21RC001 006 within a significant intersection of 26m @ 54.3 % Fe from surface, including 13m @ 61.5 % Fe from 2m depth. Hole AM21RC001 019 which lies 225m east of aforementioned hole, intersected 2 thinner DSO beds 2m at 61.54% Fe from 14m and 5m at 55.0% Fe from 3m. While thinner iron ore beds, the assay data further assists the Company with identifying the DSO grade beds within the stratigraphic horizon.
At the Ridge E hole AM21RC001 033, drilling intercepted a significant intersection of 12m @ 60.5% Fe from 4m which has also defined a separate DSO zone and further encourages the Company of further untested potential within the tenement.
This maiden program has provided some significant grade intersections and enabled Alien to better understand the potential and the follow up targeting criteria to maximise all future programs.
The current second phase of drilling is over halfway completed, with nine additional holes drilled in the Sirius Extension Prospect. The additional drilling will hopefully provide sufficient drill density and data to be able to generate a maiden resource. The balance of the follow-up drill program will aim at further testing the DSO potential along ridges
Contact:
Tel: +44 20 7796 8644
Notes to Editors
The Company has conditionally agreed to increase its interest of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects, from 51% to 90%.
In 2020, the Company acquired 100% of the
The Company also holds two silver projects located in Zacatecas State,
The Company was also awarded an Exploration Licence in
In addition to progressing and developing its portfolio of assets and following its strategic review of its portfolio of silver and precious metals projects,
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