Alien Metals Ltd (AIM:UFO, OTC:ASLRF) has started a new drilling programme at the Hancock target on its Hamersley iron ore project in Western Australia.
Around 2,100m of reverse circulation drilling will be carried out during the programme.
Bill Brodie Good, Alien Metals chief executive, said: "The phase 4 RC drilling programme at Hancock is now underway.
“This programme has two key aims - to upgrade confidence in the existing Mineral Resource Estimate (MRE) to convert a portion of the MRE to an indicated status, and to define a maiden MRE over a portion of ridges F and G.”
Currently, Hancock has a JORC compliant inferred MRE of 10.4Mt at 60.4% Fe (iron), but Brodie Good is confident the resource can be increased significantly.
“We have delivered a robust DSO grade resource in a relatively short time frame, and we see significant scope to further grow the resource that will help to underpin a future mining operation.
“The permitting and baseline studies continue to progress well and the team is very excited about the way the Hancock project is shaping up".