Alien Metals Ltd (AIM:UFO, OTC:ASLRF) said it identified potential additional resources at its Hancock iron ore project at Hamersley in Western Australia following the recent phase three drilling programme.
The programme comprised 46 reverse circulation holes alongside bulk sampling to test the boundaries of the existing resource of 10.4Mt at a grade of 60.4%Fe.
“The identification of additional untested mineralised ridges is a very exciting development and we look forward to drill testing these over the coming months and identifying even more to develop," Bill Brodie Good, chief executive, said.
Focus has now shifted to a 7 hole, 650m diamond drill programme that commenced on 10 January and that is designed to underpin the JORC 2021 Inferred Mineral Resource Estimate, as well as to provide additional material for early metallurgical and commutation testing as part of ongoing mining studies
Good added: “Due to continued availability pressures from the ongoing Covid-19 restrictions within the state of WA, the diamond core drill rig was delayed, but we are pleased that it has now started.
"Progress on the company's Iron Ore Company of Australia (project continues to advance rapidly.
“The completion of the RC programme, bulk sample and new rock chip sampling before the start of the wet season was a terrific effort by the team and a great outcome for investors”.