Alien Metals ends exclusivity agreement over Elizabeth Hill silver tailings
The company has a number of other key project developments and priority technical work in the pipeline, said boss Bill Brodie Good
Company
LON:UFO
Alien Metals Ltd is advancing the development activities for its 90% owned Hancock Iron Ore Project in the Pilbara region of Western Australia. The company’s development study has confirmed that Hancock has excellent project economics and prospectivity with extensive untested mineralisation trends.
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The company has a number of other key project developments and priority technical work in the pipeline, said boss Bill Brodie Good
Alien is finalising an initial 4-to-6 hole programme for about 800m to target the Los Alamos and Cerro de la Cruz targets
Alien has an exclusive arrangement with owner Wombat Resources to potentially buy the silver tailings project
Alien has a diverse portfolio of assets in Mexico and Australia
Alien will revert back to being the project operator and retain a 100% interest
"The remaining assays confirmed the significant potential of the Sirius Extension prospect, as well as the potential of the wider licence area,” said chief executive Bill Brodie Good
Alien has an exclusive arrangement with owner Wombat Resources Pty Ltd to potentially buy the silver tailings project
Alien has a diverse portfolio of assets in Australia and Mexico
Alien currently has a 51% direct interest in the project, with the remaining 49% held by Windfield
Silver is a store of value, much like gold, but also has uses in industrial applications
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Drilling targeted three initial prospects to enable the company to continue developing its knowledge of the project and to prioritise next stage drilling
Alien has a broad portfolio of assets in Australia and Mexico
Alien Metals has a diverse portfolio of exploration and development assets including iron ore and silver in Australia, and silver in Mexico
"The results confirm our interpretation that there is a continuation of silver and base metals mineralisation and historic mining within the Nueva Andromeda permit area," said chief executive Bill Brodie Good
The portfolio of silver, iron ore and other metals stretches from Mexico to Australia
You might think that companies with something to offer in the fight against COVID-19 would sweep the board but in fact, they have been put in the shade a bit by technology plays
Alien Metals signs 60-day exclusive agreement with Wombat Resources Pty Ltd
"It is very exciting that Capstone is already drilling the first hole at Donovan 2 in such a short timeframe,” said Bill Brodie Good.
Alien Metals has projects in Mexico, Australia and Greenland with an extensive exploration programme planned for 2021