New Hamersley Iron Ore Projects Show DSO Potential
Alien Metals Ltd (AIM:UFO) has generated a number of maiden exploration targets through the completion of an extensive data review of the Hamersley Iron Ore Projects in Western Australia.
Technical Director, Bill Brodie Good, said the review found thatboth of the company’s tenements cover large areas of the Hamersley Group sediments which are prospective for deposits of high-grade direct shipping iron ore (DSO):
“The company is extremely pleased with the results and findings of the detailed data compilation, which helped identify maiden Exploration Targets for the Brockman Iron and Hancock Ranges projects,” he said.
“The field work undertaken last year replicated the high-grade DSO results previously recorded at the projects; our next objectives are to carry-out further exploration work, including a maiden drilling programme, to convert the Exploration Targets into JORC resources.
“The company is excited about the potential to add significant value to the projects and looks forward to updating the market of progress in due course.”
The two projects are within the Hamersley Province of Western Australia, known as one of the premier iron ore producing regions of the world. The Brockman Project (E47/3953) is located in the west Hamersley Province, 100 km northwest of the Rio Tinto iron ore mining town of Tom Price, and 90km west of the Tom Price to Dampier mine railway.
The Hancock Ranges Project (E47/3954) is located in the east Hamersley Province, 15km north of the BHP iron ore mining town of Newman, and 20km west of the Newman to Port Hedland mine railway.
KBG Consultants Ltd has now completed a detailed compilation and review of all historic exploration work carried out on the two project areas including culminating in submitting a proposed a next stage exploration strategy based on the findings of the detailed review.
Over 600 public reports were reviewed covering both projects, with all relevant reports and maps compiled into a database for future reference. No fieldwork was done during this validation of the historic data, but all field locations were georeferenced as accurately as possible as part of the review.
Five priority prospects were identified and further studied and next stage exploration has been proposed for all of them. For the Brockman Project, three targets focus on the historic high-grade BHP prospects numbers 15, 19 and 20, which the Company has planned to follow-up with detailed grid-based surface mapping and sampling to support a maiden drilling programme.
Two key targets in the Hancock Ranges Project are the Sirius Extension prospect, that has previously been drilled by Volta Mining, and the Kalgan Prospect in the north-north-west of the project, that the company believes has excellent potential.
