Alien Metals (LSE:UFO) has reported encouraging exploration progress at the Elizabeth Hill Silver Project after joint venture partner West Coast Silver returned exceptionally high-grade diamond drilling results, including bonanza-grade silver intersections.
The latest drilling was completed using a new west-to-east orientation and has extended mineralisation beyond the boundaries of the project’s existing resource model. Results confirmed additional near-surface mineralisation as well as extensions hosted within granite, alongside high-grade silver intercepts within and beneath the current mineral resource estimate.
The findings provide further evidence of the exploration potential surrounding the established Elizabeth Hill deposit and are expected to contribute to an updated JORC 2012 mineral resource estimate targeted for the fourth quarter of 2026.
The resource update could potentially increase both the volume of defined mineralisation and the overall silver grades represented within the model, providing an important step in assessing the project’s longer-term development potential.
Additional diamond drilling is planned during the second half of 2026. The programme will seek to improve confidence in the resource by upgrading selected areas to Indicated status while providing greater definition of the project’s higher-grade silver zones.
Alien Metals retains significant exposure to further progress at Elizabeth Hill through its 30% free-carried joint venture interest as well as its shareholding in West Coast Silver. Continued exploration success therefore offers the company both direct project exposure and participation in the potential increase in value of its joint venture partner.
With further drilling and a resource update planned, the latest high-grade results provide positive momentum as the partners work to expand and improve the geological understanding of Elizabeth Hill.
More about Alien Metals Ltd
Alien Metals Ltd is an AIM-quoted minerals exploration and development company focused on precious and base metals opportunities in Australia.
Its portfolio includes the Georgina Basin IOCG Project in the Northern Territory and assets in Western Australia’s Pilbara region, including exposure to the Munni Munni PGM system and the Elizabeth Hill Silver Project.
At Elizabeth Hill, Alien holds a 30% free-carried joint venture interest as well as equity exposure to partner companies. Its wider strategy combines technical advancement and project development with joint ventures, selective transactions and acquisitions aimed at creating shareholder value.
Through its interests in West Coast Silver and GreenTech Metals, Alien maintains both direct exposure to exploration projects and equity participation in their potential future development.
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