CatalystWireBeta

Drilling Commences at Elizabeth Hill Project

In brief · summary, not quotable

Diamond drilling commences at Elizabeth Hill Silver Project in Western Australia.

  • Alien's interest in Elizabeth Hill 30% free-carried through to decision to mine
  • Inaugural drilling programme c.1,500m
Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your UFO notes

Drilling Commences at Elizabeth Hill Silver Project

Alien Metals Ltd (AIM: UFO), a minerals exploration and development company, is pleased to announce that diamond drilling has commenced at the high-grade Elizabeth Hill Silver Project ("Elizabeth Hill" or the "Project") in the Pilbara region of Western Australia. The Project, in which Alien retains a 30% free-carried interest through to a decision to mine, is operated by Alien's joint venture partner, West Coast Silver Limited (ASX: WCE) (formerly Errawarra Resources Limited).

Highlights:

  • Drilling underway at the Elizabeth Hill Silver Project in Western Australia.
  • Mobilisation completed; first drill hole commenced as part of a c.1,500m inaugural diamond drilling programme.
  • The programme is designed to test extensions of known high-grade silver mineralisation and investigate structural controls.
  • Portable XRF (pXRF) analyses and detailed geological logging to be conducted at the Karratha site office prior to transporting to a Perth laboratory for full chemical analysis.
  • Geological data is expected to provide forward drill planning in real time, ensuring maximum efficiency and targeting accuracy.

The mobilisation to site has now been completed, and drilling of the first hole is underway as part of the Company's c.1,500m inaugural diamond drilling campaign. This highly anticipated programme will target extensions to the known high-grade silver mineralisation at Elizabeth Hill and further investigate structural controls identified through recent geological modelling and fieldwork.

All drill core will be transported from site and logged at the offices and core yard in Karratha, where preliminary pXRF analysis will be undertaken. The geological team will also carry out detailed structural interpretation, which will fast-track updates to the drill programme to ensure optimal targeting and programme efficiency as drilling progresses.

Robert Mosig, Technical Director, commented:

"We are pleased to see the commencement of drilling at Elizabeth Hill by our joint venture partner. This marks a major milestone for the Project and for Alien, with the potential to significantly advance our understanding of this historically high-grade silver deposit. A top technical team has been assembled to guide drill targeting, which should maximise the effectiveness of the programme. We look forward to updating shareholders as drilling results become available."

Figure 1 - West Core drill rig on site at Elizabeth Hill

Elizabeth Hill Silver Project Overview

  • Previous mining operation ceased abruptly in 2000 because of low silver prices (US$5/oz)[2] and a dispute between previous joint venture parties

Figure 2 - Tenement Location

For further information, please visit the Company's website at www.alienmetals.uk or contact:

Strand Hanson (Financial and Nominated Adviser)

James Harris / James Dance / Robert Collins Tel: +44 (0) 207 409 3494

Zeus Capital Limited (Joint Broker)

Harry Ansell / Katy Mitchell Tel +44 (0) 203 829 5000

Turner Pope (Joint Broker)

Andy Thacker / James Pope

CMC Markets (Joint Broker)

Douglas Crippen

Yellow Jersey (Financial PR)

Charles Goodwin / Shivantha Thambirajah / Zara McKinlay Tel: +44 (0) 203 004 9512

[2] www.kitco.com/charts/silver

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note