TIDMUFO
RNS Number : 7788L
Alien Metals Limited
15 January 2021
Trading Symbols
AIM: UFO
FWB: I3A1
15 January 2021
Alien Metals Ltd
("Alien Metals" or "the Company")
Airborne Magnetic Survey starts over Elizabeth Hill Project
Follow the link to view the announcement in full including all
figures:
http://www.rns-pdf.londonstockexchange.com/rns/7788L_1-2021-1-14.pdf
Alien Metals Ltd (LSE AIM:UFO) ("Alien Metals" or "the
Company"), a minerals exploration and development company is
pleased to advise that further to the announcement on 14 December
2020, an airborne magnetic survey starts today over the Elizabeth
Hill Project in Western Australia.
The Project not only covers the original Mining Licence M47/342
which hosts the Elizabeth Hill Silver Mine and associated
prospects, but also exploration permit ELA47/4422, which the
Company has conditionally acquired and will be referred to as the
Munni Munni North tenement going forward, a name used for part of
this area in the past.
Highlights:
o Aeromagnetic survey will aid in tying in all existing
prospects and historical data to assist in prioritising numerous
existing targets
o Potential for new targets to be defined from geophysical
survey
o Collation of the airborne surveys, geological interpretations
and geochemical results, will drive new target generation across
Munni Munni North
Figure 1: Location of Elizabeth Hill Project, Pilbara, WA
Alien have engaged Southern Geoscience Consultants (SGC) of
Perth, WA, to provide and manage the acquisition, processing and
interpretation of airborne magnetic, radiometric and digital
elevation data over the Elizabeth Hill Project. From a detailed
review of existing available data it was decided to only fly the
eastern section of the project area as the western area was
recently flown at the same line spacing and line direction with
that data available to purchase at less than the cost of re-flying
it. SGC have confirmed that they can integrate both data sets into
one larger unit that they can then interpret as a single area.
Bill Brodie Good, CEO & Technical Director of Alien Metals,
commented:
"The Company is extremely pleased that we can announce the
commencement of this program as it will add invaluable overall new
interpretation to the entire project area and allow us to
incorporate various historic results with this new data.
We are delighted to get this work underway at this time so over
the coming weeks while field work is much more limited due to the
cyclone season in the region the team can keep working in the
background.
Once we have the results and interpretations we can start
developing priority targets to follow up in the field alongside the
already planned trenching within the Mining Licence.
The Company is excited about the potential to add significant
value to the project and developing next stage exploration from the
outcome and looks forward to updating the market of progress in due
course."
Figure 2: Existing coverage of project area with recorded
historic airborne surveys (labels indicate line spacing/terrain
clearance/line heading), SGC, December 2020
Figure 3: Elizabeth Hill Project Airborne survey area, the
magenta polygon is covered by existing multi-client survey and the
blue area is the new survey.
Thomson Airborne Pty Ltd of New South Wales are carrying out the
acquisition work and are due to commence today using a Cessna 210
fixed wing aircraft. They will be flying @ 1,534 line kms to cover
the survey area at 50m spaced east west lines with north south
'tie' lines.
Figure 4: Thomson Airborne Pty Ltd Cessna 210 dedicated aircraft
for airborne geophysical surveys
The details of the survey equipment are:
Airborne Magnetic Sensors
-- Cesium vapour magnetometer
-- 20 Hz (0.05 sec) sampling rate
-- Resolution of 0.001 nT
-- Vector magnetometer (XYZ Components)
Gamma Ray Spectrometer
-- RSI model RS-500 spectrometer
-- 2 x 16.8 litre detector packs (33.6 litres total volume)
-- 2 Hz (0.5 sec) sampling rate in 256 channels
Altimeters
-- KRA405B radar altimeter (measuring the height above the
terrain)
-- 0.3 m resolution
-- 3' or +/- 3% accuracy (whichever is greater) at 0 to 500' and
+/- 5% at 500' to 2500'
-- Range: 0-760 m
-- 20 Hz (0.05 sec) sampling rate
Navigation and Data Positioning System
-- Novatel 14 channel precision differential capable GPS
system
-- 2 Hz (0.5 sec) recording rate
-- GPS differential correction receiver
-- Thomson survey navigation and guidance system
Data Acquisition System
-- GeOZ-DAS Digital Data Acquisition System
Once this data has been collected and verified SGC will
integrate it with the existing high quality data for the western
area that is already flown and then complete a geological and
structural interpretation based on 1:25,000 scale.
Processing of the new data would entail survey planning and
contractor communication, gridding and levelling (if required) of
the magnetic, radiometric and digital terrain data and grid
filtering, image processing and enhancement (TMI, TMI1VD, Analytic
Signal, RTP, RTP1VD, RTP2VD, RTPTilt, ASVI, DEM, TC, K, U, Th)
using a relevant sun angle of this data. Along with this work SGC
will also re-process and merge the existing multi-client survey
dataset to make one large dataset for interpretation.
A comprehensive interpretation of the aeromagnetic data would
integrate all relevant geoscientific information, allowing for the
mapping of lithologies and structure. The regional aeromagnetic
data would be referred to, if required, to assist in understanding
any broader scale features beyond the tenement area.
As indicated above, the airborne data capture is underway and
based on a successful and timely completion, the Company plans to
have the final results and interpretations mid to late February
2021 to be able to start planning the follow up field work going
into the optimal field season in the region.
The Board of Alien continues to assess a range of mineral
projects and opportunities, with particular focus on exploration
projects with near term news flow and value creation.
- Ends -
For further information please visit the Company's website at
www.alienmetals.uk , or contact:
Alien Metals Limited Turner Pope Investments (TPI)
Bill Brodie Good, CEO & Technical Limited (Joint Broker)
Director Andy Thacker
St-James' Corporate Services, Tel +44 (0)20 3657 0050
Company Secretary
Tel: +44 20 7796 8644
Beaumont Cornish Limited (Nomad) First Equity Limited (Joint Broker)
James Biddle/ Roland Cornish Jason Robertson
www.beaumontcornish.com Tel +44 (0)20 7374 2212
Tel: +44 (0) 207 628 3396
Yellow Jersey PR (Financial
PR)
Sarah Hollins / Joe Burgess
/ Matthew McHale
alienmetals@yellowjerseypr.com
Tel: +44 (0) 20 3004 9512
Notes to Editors
Alien Metals Ltd is a mining exploration and development company
listed on AIM of the London Stock Exchange (LSE: UFO). The
Company's focus is on precious and base metal commodities.
Alien Metals has embarked upon an acquisition-led strategy
headed by a high-quality geological team to build a strong
portfolio of diversified assets including two recent acquisitions
in 2019. These include the Brockman and Hancock Ranges high-grade
(Direct Shipping Ore) iron ore projects and the Elizabeth Hill
Silver projects both located in the Pilbara region, Western
Australia.
In addition to progressing and developing its portfolio of
assets and following its strategic review of its portfolio of
silver and precious metals projects in Mexico, Alien Metals has
identified priority exploration targets within its 9 mining
concessions which it is working to advance systematically. The
Company's silver projects are located in the Zacatecas State,
Mexico's largest silver producing state which produced over 190m oz
of silver in 2018 alone accounting for 45% of the total silver
production of Mexico for that year.
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