leadf
logo-loader
viewAlien Metals Ltd
(
LSE:UFO
)

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.

Quick facts: Alien Metals Ltd

Follow
LSE:UFO

Price: 0.85 GBX

Market Cap: £29.16 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

FTSE upbeat ahead of Fed interest rate decision despite gas price hikes...

FTSE 100 started on the front foot ahead of the Fed interest rate decision and as bid action fired up investors’ enthusiasm. London’s main index added 50 points to 7,031 in early dealing. Ladbrokes and Gala Bingo owner Entain PLC (LSE:ENT) (LSE:ENT) confirmed Draftkings Inc (NASDAQ:DKNG)...

21 hours, 15 minutes ago

2 min read