Alien Metals Ltd on Thursday said it has received assay results from its Hancock Iron Ore project in Western Australia, which ‘reinforce’ the potential of the project.
The mineral explorer and developer in Australia, Mexico and Greenland said initial drill assays showed 26.9 metres at 60.0% iron, 16.1 meres at 59.8% and 49.0 metres at 59.3% iron.
Alien Metals noted that the results showed consistent grades around 60% iron, which meets and in some places exceeds the firm’s resource model.
Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer. The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.