What's Happening?
Alien Metals Limited has recommenced intensified field exploration at the Elizabeth Hill Silver Project in Western Australia, following successful inaugural drilling. The project, operated by West Coast Silver Limited, aims to further define the scale and continuity of high-grade silver mineralization. The exploration includes mapping, geophysics, and targeted drilling, with phase 2 drilling expected to start in six weeks. The project team is also assessing the Radio Hill processing plant for future material processing.
Why It's Important?
The resumption of exploration at Elizabeth Hill is crucial for unlocking additional value from one of Australia's highest-grade historical silver mines. The project has the potential to contribute significantly to the silver market, especially given the high-grade mineralization confirmed by initial drilling. Successful exploration could lead to a profitable mining operation, enhancing Alien Metals' portfolio and providing economic benefits to the region. The project also highlights the importance of strategic partnerships in advancing mining initiatives.
What's Next?
Alien Metals plans to commence phase 2 drilling in approximately six weeks, focusing on both near-surface and deeper targets. The company is also progressing discussions with Artemis Resources regarding the Radio Hill processing plant, which could play a key role in processing Elizabeth Hill material. Further exploration activities, including a drone magnetics survey, will help identify additional prospects and refine drilling targets.
