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Alien Metals receives go-ahead for programme of works at Elizabeth Hills

The company is making progress at Elizabeth Hills and the Hamersley project

Alien Metals Ltd -

Alien Metals Ltd (LON:UFO) said a programme of works has been approved by the authorities for initial trenching and drilling at the Elizabeth Hills mining licence.

The Western Australia Mines Department has given the okay for a programme of works that covers up to 1.25 kilometres to test for new or repeat silver orebody due south of the existing deposit, and 4,000 metres (m) of drilling to target the historical resource area and to test for potential strike extensions.

Field exploration will commence in mid-December and will run for several months. At the same time, Alien will carry out grid sampling of the historical mine tailings dam with the view of acquiring this from a third party.

The old tailings are thought to still contain significant amounts of silver. Alien Metals will open up the main shaft to assess the current water levels and get some samples to be able to request permission to pump out the water safely.

“Elizabeth Hill holds enormous potential for the company, both in the old mine and its bonanza grades and the unique nuggets associated with the deposit, as well as the numerous untested nearby targets associated with a significant geological intrusion already proven to host at least two significant mineral deposits,” said Alien’s chief executive officer, Bill Brodie Good in a statement.

Elsewhere, at the company’s Hamersley iron ore project, Alien is waiting for the final results of some brief in-fill sampling at the Kalgan prospect from a recent reconnaissance access trip.

The company intends to do additional reconnaissance and geological mapping work on the Brockman tenement.

"Recent work on the Hamersley Project has been consistently encouraging. Being able to start work on a direct access route into the Kalgan Prospect from Newman in the Hancock Ranges Project is a bonus because it means we can get the access done much quicker and more cost-effectively, leaving us more funds for drilling. We have a tender out with a number of drilling contractors for carrying out our maiden drill programme in early 2021,” Brodie Good added.

Quick facts: Alien Metals Ltd

Price: 1.075 GBX

Market: LSE
Market Cap: £36.8 m

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