Phase 2 Drilling completed at Hancock
Initial pXRF results indicate further significant High-Grade Iron Ore intersected
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:
"Being able to retain the same drill rig and crew for this critical second phase of drilling, particularly when there is such a high level of demand in WA, was a great coup for us and we are delighted to have completed this second phase so quickly after the first. With the early observations from geological logging and the pXRF monitoring, we are very hopeful the results will confirm our interpretation.
"We now hope to be in a position to produce a maiden inferred resource on the Sirius Extension prospect and subsequently plan some further pinpoint drilling in order to develop potential additional resources on one or several of the western ridges. We plan to further explore Ridges C and E while advancing exploration on the highly prospective and pretty much non explored remaining extensive ridges we have outlined.
"Looking ahead, we are now considering a very early-stage strategic review to determine the potential for this project to become a standalone economic operation, and to understand the work streams required to advance this.
"We are also working with the relevant parties to complete the necessary Heritage surveys on the Brockman tenement so we can carry out a maiden drilling program there as well.
"With iron ore prices remaining robust and the consistently good results we are seeing from our exploration, the team is increasingly encouraged by the potential of Hamersley Iron Ore Project, and we look forward to updating the market further as we continue to drive these projects up the value curve."