438: Bill Brodie Good of Alien Metals explains the drilling programme, starting soon, at their Hancock Iron Ore project

The Vox Markets Podcast

Bill Brodie Good, CEO & Technical Director of Alien Metals #UFO explains the details of the phase 3 drilling programme, starting soon, at their Hancock Iron Ore project part of its Hamersley Iron Ore Project, in Western Australia.

Highlights

· Reverse Circulation (RC) drilling programme totalling ~1,400 metres aimed to increase geological confidence in the existing JORC compliant Inferred Mineral Resource Estimate (MRE) of 10.4Mt @ 60.4% Fe (see announcement dated 22 September 2021) to commence in coming days

o Alien's technical team planning to potentially upgrade a portion of the Inferred resource to the Indicated category at the Ridge C and E deposits

· Reverse Circulation programme designed to also test extension mineralisation on the existing ridges as well as untested ridges to the south

· In addition to the RC drilling, a diamond drill rig is planned to drill up to 650m in 7 holes, to further support MRE confidence levels, as well as to provide material for early metallurgical and commutation testing as part of ongoing mining studies

· Hand held XRF readings expected in the coming weeks from 60+ rock chip samples collected during recent field reconnaissance programme

About Alien Metals

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, with its operations located in proven mining jurisdictions and it has embarked upon an acquisition-led strategy headed by a high-quality geological team to build a strong portfolio of diversified assets.

In 2019, the company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and increased its holding to 90% in May 2021 while in 2020 acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Silver Mine Mining Lease and the surrounding Munni Munni North Exploration Tenement. The Australian projects are located in the world-renowned Pilbara region of Western Australia.

The Company also holds two silver projects, San Celso and Los Santos, located in 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. The Company holds a Copper Gold project in the same region, Donovan 2.

The Company was also awarded an Exploration Licence in Greenland in late 2020, which surrounds the world class Citronen Zinc-Lead deposit.

In addition to progressing and developing its portfolio of assets and following its strategic review of its portfolio of silver and precious metals projects, Alien Metals has identified priority exploration targets within all of its projects which it is working to advance systematically.