Alien Metals get ‘encouraging’ results at Elizabeth Hill in Australia

Alien Metals Ltd reported gold findings at the Elizabeth Hill silver project in Western Australia.

Alien Metals is a mineral exploration and development company with assets in Australia, Mexico and Greenland.

The company said it found the equivalent of 37.5 grammes of gold per tonne in silver and lead from 19.7 metres at hole 21EHDD003. At hole 22AMC001, it found the equivalent to 13.3 grammes of gold per tonne at 13 metres, while finding the equivalent to 8.2 grammes of gold per tonne at 52 metres at hole AMEHRC009.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:

More articles like this

Iron Ore prices surge on hopes of increased demand in China

Iron ore futures prices extended gains to a second straight session on Tuesday, underpinned by mounting hopes of improving demand for the key steelmaking ingredient in top consumer China in the coming weeks. The most-traded September

Silver futures rise on spot demand

Silver prices on Wednesday marginally rose Rs 18 to Rs 74,536 per kilogram in futures trade as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for May delivery

Iron Ore prices rise on optimistic China data

Prices of iron ore futures rebounded on Monday after upbeat data in top consumer China renewed hopes for a pick-up in steel demand in coming weeks and as some traders liquidated their short positions. The most-traded

Silver price surges 7.8%, surpassing gold growth

The international silver price surged 7.8 percent yesterday from the start of the month, growing at a faster rate than that of gold which soared to an all-time high that day, as the precious metal that

Iron ore futures rise amidst hopes of Chinese demand recovery

Dalian iron ore futures prices extended gains into a second consecutive session on Wednesday, helped by renewed hopes of demand recovery in top buyer China following an improving steel market, although persistent worries about its embattled