WESTERN AUSTRALIA - Alien Metals Limited (AIM:UFO) reported Monday that drilling results from its joint venture partner West Coast Silver Limited (ASX:WCE) at the Elizabeth Hill Silver Project have extended silver mineralisation beyond the project’s maiden resource estimate.
The announcement detailed assay results from 17 of 32 reverse circulation drill holes completed in May 2026 at Elizabeth Hill, located near Karratha in the Pilbara region. The drilling extended the mineralisation up to 70 meters north of the April 2026 mineral resource estimate, according to a press release statement.
Notable intersections included 60 meters at 25 grams per tonne silver from surface, incorporating 19 meters at 31 grams per tonne, in hole 26WCRC004. Hole 26WCRC002 intersected 26 meters at 31 grams per tonne silver from 4 meters depth and finished in mineralisation. Additional results showed 9 meters at 33 grams per tonne silver from 6 meters and 5 meters at 31 grams per tonne from 26 meters in hole 26WCRC003.
The drilling program comprised 2,710 meters across 32 holes, with assay results pending for the remaining 15 holes. Hole 26WCRC023 intersected 72 meters of altered Munni Munni Fault Zone, representing the widest fault zone intersection drilled at Elizabeth Hill North to date.
Lead mineralisation up to 1.66% was intersected in hole 26WCRC010. Diamond drilling is underway to test below reverse circulation holes that terminated in mineralisation.
Alien Metals holds a 30% interest in Elizabeth Hill and owns 30.5 million shares in West Coast Silver, representing approximately 8.7% of West Coast Silver’s issued share capital.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy. Get the bottom line for UFO plus thousands of other stocks and find your next hidden gem with massive upside.