PGE, Silver, Nickel And Copper Opportunities Delineated
Alien Metals Ltd (AIM:UFO) has identified 20 priority targets at its Elizabeth Hill Silver Project in Western Australia.
The new targets, including seven highest priority targets delineated for PGE and Ag/Ni/Cu mineralisation, were identified in a litho-structural interpretation and target generation study completed over the Elizabeth Hill Silver Project based on recent and historic combined airborne geophysical survey data.
The project area includes the Mining Lease containing the historic Elizabeth Hill Silver Mine and the Munni Munni North Exploration Lease that surrounds it.
CEO and Technical Director, Bill Brodie Good, said a further seven level 2 priority targets and six level 3 priority targets have also been delineated
“A fantastic 20 priority targets were delineated by Southern Geoscience from the results of the merging of the combined magnetic data for the project area,” Mr Good said.
“We are very pleased with the results of this study and are already planning follow up ground exploration work on the higher priority targets with the goal of making the next discovery, while at the same time planning update work on the silver mine and the tailings as well.
“As expected, some historically defined prospects were identified but we also are really pleased to have some new targets which related to more recent new discoveries in the region that can be now applied to this project area.
“The company is now working with various consultants who possess extensive knowledge of the area, as well as the historical work carried out, to support the company’s planning and execution of the next phase of exploration programmes on several of the priority targets.
“Alien is excited to be pushing on with its exploration plans and field work and looks forward to updating the market in the coming months.”
Alien engaged Southern Geoscience Consultants (SGC) to provide and manage the acquisition, processing, and interpretation of airborne magnetic, radiometric, and digital elevation data over the Elizabeth Hill Project
. From a detailed review of existing available data, it was decided to only fly the eastern section of the project area, as the western area was recently flown at the same line spacing and line direction with that data available to purchase for substantially less than the cost of re-flying. SGC integrated both data sets into a larger set that covers the entire target area. It should be noted that a slightly larger area than the ground held by Alien defined the area covered by this study to ensure the significant regional geological and structural units were included to aid in the final interpretation work.
The tenements cover the northern part of the Munni Munni Complex, one of Australia’s largest and most prospective layered Archaean mafic to ultramafic Intrusion. The project covers about 60% of the ultramafic rocks, including the Cadgerina Dyke to the west, which is interpreted to be a possible feeder zone of the Munni Munni intrusion.
Alien says the Munni Munni Complex (MMC) shows many similarities with other layered mafic-ultramafic intrusions found elsewhere, including the Bushveld Complex in South Africa, the Stillwater Complex in Montana, USA and particularly, the Great Dyke of Zimbabwe, which all host world class deposits of Platinum Group Elements (PGE) mineralisation.
The MMC hosts one of the most significant PGE deposits located to date in Australia and also the extremely high-grade Elizabeth Hill silver deposit.
