TSX gains on big banks strength
PERTH - Alien Metals Limited (AIM:UFO) announced Friday that its joint venture partner, West Coast Silver Limited (ASX:WCE), has reported outstanding assay results from the maiden diamond drill program at the Elizabeth Hill Silver Project in Western Australia’s Pilbara region.
The drilling program revealed significant high-grade silver zones, with drill hole 25WCDD011 intercepting 17 meters at 858 g/t silver from 5 meters depth, including 2 meters at 6,349 g/t silver. The same hole also yielded 13 meters at 1,615 g/t silver from 62 meters, including 2 meters at 10,049 g/t silver.
Native silver was observed in the drill core, and a notable gold intercept of 1 meter at 11.1 g/t gold was also reported from drill hole 25WCDD011.
Drill hole 25WCDD012 returned 6 meters at 317 g/t silver from 10 meters depth and 14 meters at 162 g/t silver from 18 meters.
Alien Metals retains a 30% free-carried interest in the project through to a decision to mine, with West Coast Silver operating the project. The Elizabeth Hill project is located in a tier-1 mining jurisdiction on a mining lease with processing facilities nearby at Radio Hill.
"These results further demonstrate the outstanding grades and near-surface potential at Elizabeth Hill," said Robert Mosig, Technical Director. "Intercepts of up to 10,049 grams per tonne silver and 11.1 grams per tonne gold are exceptional outcomes from the maiden programme."
The Elizabeth Hill Silver Project has a production history, with 1.2 million ounces of silver previously produced from just 16,830 tonnes of ore at a head grade of 2,194 g/t silver. Previous mining operations ceased in 2000 due to low silver prices and a dispute between joint venture parties.
Assay results for a further six holes from the inaugural 12-hole diamond program remain outstanding and are expected within 4-6 weeks, according to the company’s press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.