Alien Metals Ltd (AIM:UFO, OTC:ASLRF) has unearthed bonanza silver grades in its inaugural drilling program at the Elizabeth Hill Silver Project in the Pilbara Region of Western Australia.
The company, in a statement, said that exceptionally high silver grades have been returned from diamond drill holes as part of a programme that comprised 1,991 metres across 22 holes.
Results to date suggest the mineralised envelope at Elizabeth Hill may be larger than work by previous explorers has suggested, Alien Metals said.
"These fantastic initial results support the Company's view that the near surface oxide expression of the deposit was never fully tested, nor its potential fully explored for both the silver and the base metals present,” said chief executive Bill Brodie Good.
“Some of these grades have to be some of the highest for a silver project in Australia.”
Today’s ‘bonanza’ results are in a batch of results for four holes. The highlight intersections featured 9.7 metres of mineralisation that measured 8,326 grams per tonne silver from a depth of 15 metres and a 24.8 metre section that had 829 grams per tonne, of which some 11.7 metres had 1,735 grams per tonne.
Significant base metal assays were also measured with copper grades seen at 0.18% along with 0.14% nickel, 0.35 lead, and up to 222 g/t cobalt.
“We look forward to receiving the outstanding RC drill results which will enable us to further interpret these results along with the historic results to aid in planning the next round of work programmes to advance the heavily endowed Elizabeth Hill and Munni Munni mineralised system,” the Alien Metals boss added.