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Errawarra Resources Ltd. ( (AU:WCE) ) has shared an update.
West Coast Silver has delivered its inaugural JORC 2012-compliant Mineral Resource Estimate for the Elizabeth Hill Silver Project in Western Australia. The estimate outlines 2.8 million ounces of silver from 141,000 tonnes at 617 grams per tonne, confirming Elizabeth Hill as one of the highest-grade silver deposits in Australia.
Pit optimisation work supports reasonable prospects for eventual economic extraction via a compact open pit on an existing mining lease, capturing almost all currently defined mineralisation. With a large proportion of ounces still classified as Inferred and mineralisation remaining open along strike and at depth, the company sees substantial potential to grow resources and advance economic studies through further drilling and geophysics across its broader landholding.
More about Errawarra Resources Ltd.
West Coast Silver Limited is an Australian exploration and development company focused on high-grade silver assets. Its flagship Elizabeth Hill Silver Project in Western Australia sits within the Munni Munni Intrusive Complex and targets structurally controlled, ultra-high-grade native silver mineralisation near the Munni Munni Fault.
Average Trading Volume: 2,194,873
Technical Sentiment Signal: Buy
Current Market Cap: A$64.81M
See more data about WCE stock on TipRanks’ Stock Analysis page.