# Alien Metals Significant intersections of high grade Direct Ship Ore confirmed at Hancock Project

- Link: https://www.directorstalkinterviews.com/alien-metals-significant-intersections-of-high-grade-direct-ship-ore-confirmed-at-hancock-project/4121127714
- Published: 2023-09-20T07:10:34+01:00
- Author: Emily Johnson

**Alien Metals Ltd** ([LON:UFO](https://www.directorstalkinterviews.com/company/alien-metals-ltd/ufo.l)),
a minerals exploration and development company, has announced that all results from
the recent resource definition core drilling programme at its 90% owned Hancock 
Iron Ore Project, in the Pilbara Region, Western Australia, have been received.

**Highlights:**

·   13 diamond core holes were drilled during Q2 2023 for a total of 1049 metres(“**
m**“) at the Company’s Sirius Deposit, with the initial batch of assays reporting
high-grade mineralisation (AIM: 20 July 2023).

·   These final assay results confirm exceptional direct ship ore grades, as well
as excellent widths and depth continuity of the proposed Sirius Mining Pit.

·   Significant results from the final tranche of assays include:

o  **52.8m @ 60.9% iron (“Fe”)** from 1m including high-grade intercepts of **40m@
61.5% Fe** from 13m from Drill Hole 23IHD013

o  **61.2m @ 60.8%** **Fe** from 1m including high-grade intercepts of **31.9m @
61.6% Fe** from 22.2m from Drill Hole 23IHD010

o  **57m @ 60.6% Fe** from 13m including high-grade intercepts of **40.5m @ 61.3%****
Fe** from 27m from Drill Hole 23IHD008

o  **78.2m @ 60.4% Fe** from 43.7m including high-grade intercepts of **11.3m @ 
61.0%** **Fe** from 110.6m from Drill Hole 23IHD007

o  **98.5m @ 59.4% Fe** from 1.5m including high-grade intercepts of **47.3m @ 60.3%****
Fe** from 14.1m and **9m @ 62.6% Fe** from 91m from Drill Hole 23IHD005

·   This final tranche compliments and reinforces grade from the first tranche of
assay results (AIM: 20 July 2023):

o  **26.9m @ 60.03% Fe** from 13.9m including a high-grade intercept of **12m @ 
61.2% Fe** from 28.8m, and **16.1m @ 59.75% Fe** from 46.9m including a high-grade
intercept of **9.9m @ 61.03% Fe** from Drill Hole 23IHD003

o  **49.0m @ 59.29% Fe** from 14.0m including high-grade intercepts of **8m @ 60.70%
Fe** from 17m, **9.0m @ 61.51% Fe** from 36.0m and **12.0m @ 60.58% Fe** from 51.0m
from Drill Hole 23IHD006

> **Troy Whittaker, Alien Metals** **Chief Executive Officer commented**:
> _“These significant results continue to showcase the abundant potential we have
> at our Hancock Project. The results demonstrate high-grade, direct ship ore at
> substantial intersections which continue to underpin further confidence in the
> resource._
> _As an outcome of this resource definition drilling, we will in the coming months
> update the Hancock Project Resources and Reserves.”_
> The drilling was designed to support a planned update through likely higher confidence
> levels to the existing Mineral Resource Estimate and subsequent Mining Reserves(
> after the mining studies are completed) at the Sirius Pit. These updated resources
> and reserves will form part of the Company’s updated Feasibility Study. All holes
> were also logged for geotechnical parameters to enable a Geotechnical Study to
> be completed to support the Definitive Feasibility Study and mine design process.
> The results from this drilling programme continue to increase the Company’s confidence
> in the Hancock Project as they demonstrate excellent direct ship grades and wide
> mining widths available to support proposed production rates. Importantly, this
> round of core drilling confirms that the mineralisation continues at depth and
> is likely to extend beyond the existing Mineral and Mining Inventory pit design.

**_Table 1 – Summary of significant high-grade iron ore drillhole interceptions,
Sirius Deposit (\*max 4m internal dilution, cut off >=56% Fe)_**

| **Hole ID** | **From (m)** | **To (m)** | **Width (m)** | **Grade Fe%** | 
| 23IHD001 | 5.2 | 18 | 12.8 | 56.2 | 
| 23IHD002 | 1.5 | 14 | 12.5 | 56.9 | 
| 23IHD002 | 52.3 | 93.8 | 41.5 | 50.0 | 
| including | 52.3 | 64.1 | **11.8** | **61.1** | 
| 23IHD004 | 14.4 | 44.3 | 29.9 | 58.5 | 
| including | 29.5 | 44.3 | 14.8 | 60.4 | 
| 23IHD005 | 1.5 | 100 | 98.5 | 59.4 | 
| including | 14.1 | 61.4 | 47.3 | 60.3 | 
| including | 91 | 100 | **9** | **62.6** | 
| 23IHD007 | 17 | 31.7 | 14.7 | 57.0 | 
| including | 26 | 31.7 | 5.7 | 60.9 | 
| 23IHD007 | 43.7 | 121.9 | 78.2 | 60.4 | 
| including | 43.7 | 92.3 | 48.6 | 60.9 | 
| including | 110.6 | 121.9 | **11.3** | **61.0** | 
| 23IHD008 | 13 | 70 | 57 | 60.6 | 
| including | 15.6 | 21 | **5.4** | **61.0** | 
| including | 27 | 67.5 | **40.5** | **61.3** | 
| 23IHD009 | 1 | 51 | 50 | 58.3 | 
| including | 43.4 | 51 | 7.6 | 60.1 | 
| 23IHD010 | 1 | 62.2 | 61.2 | 60.8 | 
| including | 6 | 18 | **12** | **61.2** | 
| including | 22.2 | 54.1 | 31.9 | 61.6 | 
| 23IHD011 | 0 | 55 | 55 | 60.5 | 
| including | 1.7 | 30.6 | 28.9 | 60.8 | 
| 23IHD012 | 0 | 40 | 40 | 59.9 | 
| including | 1.5 | 26.7 | **25.2** | **61.0** | 
| including | 31.6 | 40 | **8.4** | **61.3** | 
| 23IHD013 | 1 | 53.8 | 52.8 | 60.9 | 
| including | 13 | 53 | **40** | **61.5** |

**_\*_** _Drilling depths are from surface_

**_Table 2 – Hole ID’s (Only holes with assays results received are reported)_**

| **_Hole ID_** | **_Easting MGA94z50_** | **_Northing MGA94 z50_** | **_RL AHD_** | **_Depth (m)_****_ _** | **_Collar dip_** | **_Collar azimuth (magnetic)_** | 
| 23IHD001 | 779369 | 7429840 | 569 | 63.8 | -50.2 | 193.0 | 
| 23IHD002 | 779398 | 7429786 | 576 | 93.8 | -48.0 | 11.4 | 
| 23IHD004 | 779494 | 7429812 | 604 | 59.1 | -47.4 | 190.4 | 
| 23IHD005 | 779507 | 7429855 | 600 | 118.92 | -53.3 | 189.3 | 
| 23IHD007 | 779584 | 7429855 | 599 | 142.7 | -48.3 | 190.4 | 
| 23IHD008 | 779525 | 7429800 | 604 | 110 | -59.1 | 33.1 | 
| 23IHD009 | 779663 | 7429776 | 579 | 61.6 | -50.6 | 192.4 | 
| 23IHD010 | 779707 | 7429738 | 576 | 70 | -40.0 | 32.7 | 
| 23IHD011 | 779737 | 7429757 | 574 | 55 | -50.4 | 189.8 | 
| 23IHD012 | 779731 | 7429756 | 574 | 40 | -50.2 | 12.1 | 
| 23IHD013 | 779661 | 7429776 | 579 | 61.2 | -60.4 | 12.2 |

**Sample analysis and QA/QC**

All samples generated from the drilling were dispatched to ALS Perth.

Samples were analysed for their Iron Ore Package Analysis with XRF finish, which
includes Fe, Aluminum (“**Al**“), Calcium (“**Ca**“), Potassium (“**K**“), Magnesium(“**
Mg**“), Manganese (“**Mn**“), Sodium (“**Na**“), Phosphorus (“**P**“), Sulfur (“**
S**“) and Silicon (“**Si**“). This is the same as the analysis and laboratory used
in all of Alien’s analysis work on these projects to maintain consistency and comparability
between all analyses.

For QA/QC purposes, Alien used the industry standard of inserting 5% Certified Reference
Material (“**CRM**“) samples, 5% Blanks plus duplicate samples at source. The CRMs
were sourced from Geostats Pty Ltd, Perth, WA, a global leader in the manufacture
and sale of CRMs.

The results of the standard, duplicates and blanks are all within acceptable variance
of expected analytical results.

**Hancock Project JORC Reserves and Resources** (AIM: 26 April 2023)

**_Table 3 – Hancock Project Ore Reserves_**

| **Material** | **Tonnes (Mwmt)** | **Volume (Mbcm)** | **Fe %** | **SiO****2** **%** | **Al****2****O****3** **%** | **P %** | **LOI %** | **Mn %** | 
| Proved |  |  |  |  |  |  |  |  | 
| Probable | 1.9 | 0.7 | 60.16 | 5.69 | 3.54 | 0.12 | 3.85 | 0.02 | 
| **Total** | **1.9** | **0.7** | **60.16** | **5.69** | **3.54** | **0.12** | **3.85** | **0.02** |

**_Table 4 – Hancock Mining Inventory_**

| **Material** | **Tonnes (Mwmt)** | **Volume (Mbcm)** | **Fe %** | **SiO****2** **%** | **Al****2****O****3** **%** | **P %** | **LOI %** | **Mn %** | 
| Unclassified | 4.2 | 1.6 | 60.51 | 4.11 | 3.53 | 0.15 | 4.74 | 0.04 | 
| **Total** | **4.2** | **1.6** | **60.51** | **4.11** | **3.53** | **0.15** | **4.74** | **0.04** |

**_Table 5 – Mineral Resource_**

| **Classification Category** | **Prospect** | **Mass (million tonnes)** | **Average Value** | 
| **Fe %** | **SiO****2** **%** | **Al****2****O****3** **%** | **P %** | **LOI %** | **Mn %** | 
| Indicated | Sirius Extension |  |  |  |  |  |  |  | 
| Ridge C | 0.7 | 60.9 | 4.9 | 3.27 | 0.12 | 3.7 | 0.03 | 
| Ridge E | 1.0 | 61.0 | 5.2 | 3.30 | 0.12 | 3.4 | 0.02 | 
| **Sub Total – Indicated** | **1.7** | **61.0** | **5.1** | **3.29** | **0.12** | **3.5** | **0.02** | 
| Inferred | Sirius Extension | 6.7 | 60.1 | 4.1 | 3.71 | 0.17 | 5.2 | 0.05 | 
| Ridge C | 0.4 | 60.8 | 4.6 | 3.07 | 0.14 | 4.4 | 0.03 | 
| Ridge E | 0.3 | 59.8 | 4.9 | 3.64 | 0.17 | 5.0 | 0.03 | 
| **Sub Total – Inferred** | **7.4** | **60.1** | **4.2** | **3.67** | **0.17** | **5.2** | **0.05** | 
| **Total** | **9.1** | **60.3** | **4.3** | **3.60** | **0.16** | **4.9** | **0.04** |

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