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PERTH - Alien Metals Ltd (AIM:UFO), a mining exploration company, has reported the discovery of significant high-grade silver deposits near the historic Elizabeth Hill mine in Western Australia. Joint venture partner Errawarra Resources Ltd (ASX:ERW) conducted surface sampling that yielded silver results up to 920 grams per ton (g/t) from areas approximately 300 meters north and 150 meters south of the known mineralization at Elizabeth Hill.
The findings come from portable X-ray fluorescence (pXRF) analysis, which identified multiple silver targets across the project area. The highest concentration of silver recorded was 920g/t, among 37 samples with results over 50g/t. These promising samples, characterized by iron-rich, gossanous-like material, suggest potential extensions of the mineralized system associated with the Munni Munni Fault.
In response to these results, further exploration is planned, including trenching, additional sampling, and metal detecting. An inaugural drilling program is expected to commence soon. Samples from the recent surface sampling have been sent to a laboratory for detailed analytical testing, with results anticipated within 6-8 weeks.
Guy Robertson, Executive Chairman of Alien Metals, expressed optimism about the project’s potential, noting that the high-grade silver readings support the possibility of discovering additional mineralization beyond the historic deposits.
The Elizabeth Hill Project is known for its past production of 1.2 million ounces of silver from just 16,830 tons of ore, averaging 2,194g/t. Mining operations ceased in 2000 due to low silver prices, but recent land consolidation has increased the area’s exploration potential. The project is located in a tier 1 mining jurisdiction with potential processing options nearby.
Alien Metals emphasizes that pXRF readings are preliminary and not a substitute for laboratory assays. The company will continue to inform the market as further exploration results become available.
This article is based on a press release statement from Alien Metals Limited.
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