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Alien Metals delineates seven high priority targets at Elizabeth Hill

Alien Metals has a diverse portfolio of exploration and development assets including iron ore and silver in Australia, and silver in Mexico

Alien Metals Ltd -

Alien Metals Ltd (LON:UFO) delineated seven high priority targets at the Elizabeth Hill silver project in Australia, following the completion of a litho-structural interpretation and target generation study.

The project area includes the Mining Lease containing the historic Elizabeth Hill silver mine and the Munni Munni North exploration lease that surrounds it.

A further seven level-2 priority targets and six level 3 priority targets were also delineated, including new targets that had not been previously defined.

"A fantastic 20 priority targets were delineated by Southern Geoscience from the results of the merging of the combined magnetic data for the project area,” said Alien Metals chief executive Bill Brodie Good.

“We are very pleased with the results of this study and are already planning follow up ground exploration work on the higher priority targets with the goal of making the next discovery, while at the same time planning update work on the silver mine and the tailings as well.”

The tenements cover the northern part of the Munni Munni complex, which shows many similarities with other layered mafic-ultramafic intrusions found elsewhere, including the Bushveld Complex in South Africa, the Stillwater complex in Montana, USA and particularly, the Great Dyke of Zimbabwe. All these host world class deposits of Platinum Group Elements (PGE) mineralisation.

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Price: 0.85 GBX

Market Cap: £29.16 m

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