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Errawarra Resources Ltd. ( (AU:WCE) ) just unveiled an update.
West Coast Silver reported a busy March quarter at its Elizabeth Hill Silver Project, highlighted by high-grade Phase 2 diamond drilling results that confirmed an extensive silver system and validated historical production grades. The company also launched a ~4,000m reverse circulation program targeting shallow extensions along the Munni Munni Fault, supported by drone magnetic survey work that identified 28 structural targets, including several close to the historic mine.
Subsequent to the quarter, West Coast Silver announced its first Mineral Resource Estimate for Elizabeth Hill of 141,000 tonnes at 617 grams per tonne silver for 2.79 million ounces, with mineralisation remaining open along strike and at depth and supported by open-pit optimisation. It has since begun a 1,500m diamond drilling program to test down-dip and down-plunge extensions beneath the old mine and is following up a new high-priority electromagnetic conductor, aiming to expand the resource base and advance the project toward development studies.
More about Errawarra Resources Ltd.
West Coast Silver Ltd is an Australian exploration company focused on high-grade silver mineralisation at its flagship Elizabeth Hill Silver Project in the Pilbara region of Western Australia. The company’s activities center on drilling, geophysical surveys and resource definition to advance Elizabeth Hill toward potential economic evaluation and development.
Average Trading Volume: 2,024,999
Technical Sentiment Signal: Sell
Current Market Cap: A$52.21M
See more data about WCE stock on TipRanks’ Stock Analysis page.