Alien Metals (LSE:UFO) reported exploration results from associate GreenTech Metals at the Ayshia deposit, part of the Whundo copper-zinc-gold project in Western Australia.
Diamond drilling returned an intersection of 4.76 metres grading 7.13% copper, including 3.44 metres at 9.43% copper. The interval also contained gold, silver and zinc.
According to the company, the drilling extended known mineralisation down plunge at Ayshia and could contribute to an expansion of the existing JORC mineral resource at Whundo.
Whundo Resource Update Planned
GreenTech plans to prepare an updated mineral resource estimate for Whundo later this year, incorporating results from its exploration programme.
Alien Metals owns approximately 10% of GreenTech Metals, providing it with an equity interest in the company as exploration work at Whundo progresses.
Alien also retains a 30% free-carried interest in the adjacent Munni Munni project, another asset being advanced by GreenTech.
Alien Metals Portfolio
Alien Metals is an AIM-quoted mining exploration and development company with projects focused on iron ore, base metals and precious metals in Australia’s Pilbara region and the Northern Territory.
Its portfolio includes the 90%-owned Hancock Iron Ore Project and the Georgina Basin IOCG Project. The company also holds minority interests in the Munni Munni PGM and Elizabeth Hill silver joint ventures, alongside equity holdings in companies including GreenTech Metals.
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