Alien Metals Limited (LON:UFO), a minerals exploration and development company, has advised that its joint venture partner at the Munni Munni Platinum-Palladium-Copper-Nickel Project), GreenTech Metals Limited (ASX:GRE), has announced results from the Phase 1 drilling programme at Munni Munni in the West Pilbara region of Western Australia.
Alien holds a 30% interest, free carried to the completion of a bankable feasibility study at Munni Munni, together with 47 million GreenTech shares, representing a 17.1% interest in the issued share capital of GreenTech, providing Alien with exposure to key critical metals and precious metals including copper, nickel, platinum, and palladium.
Highlights from the GreenTech announcement:
· Results from the Phase 1 Munni Munni drilling programme demonstrate new, thicker PGE-Cu-Ni zones and provide expected validation of historic drilling through twin holes and core resampling.
· New infill drilling results have reported some of the highest individual metal PGE3 (Pt, Pd) + Au grades seen at the Ferguson Reef (8.8g/t PGE3, 0.65% Cu, 0.35% Ni), supporting GreenTech’s focus on shallow zones of high-grade PGE-Cu-Ni mineralisation.
· New Reverse Circulation (RC) and Diamond (DD) selected drilling results:
o 12m @ 3.13 g/t PGE3, 0.30% Cu, 0.17% Ni from 90m; incl. 2m @ 8.37 g/t PGE3, 0.63% Cu, 0.34% Ni from 98m (26GTRC010)
o 11m @ 1.15 g/t PGE3, 0.15% Cu, 0.11% Ni from 116m; incl. 2m @ 2.96 g/t PGE3, 0.34% Cu, 0.18% Ni from 117m (26GTRC011)
o 15m @ 1.70 g/t PGE3 from 24m; and 3m @ 0.34% Cu, 0.16% Ni from 22m (26GTRC007)
o 6m @ 2.26 g/t PGE3 from 173m; and 2m @ 1.75 g/t PGE3 from 183m (26GTRC006)
· Twin Hole Drilling – direct validation of historic dataset
o 11m @ 1.88 g/t PGE3, 0.14% Cu, 0.09% Ni from 526m; incl. 1m @ 4.43 g/t PGE3, 0.46% Cu, 0.21% Ni from 535m (26GTDD004)
o 4m @ 2.29 g/t PGE3, 0.29% Cu, 0.16% Ni from 244m (26GTDD002)
o 6m @ 1.57 g/t PGE3 from 324m; and 7m @ 0.40% Cu, 0.15% Ni from 322m (26GTRCD003)
o 12m @ 1.08 g/t PGE3 from 186m; incl. 2m @ 2.27 g/t PGE3 from 186m (26GTDD001)
· Historic Core Resampling – selected highlights from 16 historic holes
o 2m @ 5.90 g/t PGE3, 0.19% Cu, 0.14% Ni from 107m; and 2.75m @ 0.66 g/t PGE3 from 101.5m (MMD117)
o 4.5m @ 2.67 g/t PGE3 from 50.75m; and 4.75m @ 0.23% Cu, 0.12% Ni from 47m (MMD115)
o 2m @ 2.64 g/t PGE3, 0.25% Cu, 0.11% Ni from 137.5m; and 3.5m @ 1.26 g/t PGE3 from 142m (MMD045)
o 11.25m @ 1.49 g/t PGE3 from 754.75m; incl. 6.25m @ 2.22 g/t PGE3 from 755.75m (MMD084)
o 22m @ 0.89 g/t PGE3 from 770m; incl. 5m @ 1.86 g/t PGE3 from 772.5m (MMD099)
· Mineralisation outcrops on surface across the Ferguson Reef with broader PGE-Cu-Ni grade envelopes identified in new RC drilling supporting shift to considering bulk mining potential at Munni Munni.
· All assay data will support the re-estimation of the Munni Munni Resource to JORC (2012), using PGE4 (Pt, Pd, Rh) + Au grade and inclusion of payable copper and nickel using an NSR cut-off.
