Join our daily newsletter At The Bell to receive exclusive market insights
Errawarra Resources Ltd (ASX:ERW) has carried out surface sampling at its Elizabeth Hill project in Western Australia, with portable XRF (pXRF) readings picking up silver grading up to 920 grams per tonne (g/t).
Listen to the HotCopper podcast for in-depth discussions and insights on all the
biggest headlines from throughout the week. On Spotify, Apple, and more .
The company had identified multiple target locations for pXRF, and 37 surface samples bringing in grades beyond 50g/t for the precious metal.
These were also found in areas approximately 150 metres south and 300 metres north of the historic Elizabeth Hill mine site, including a highest recorded silver value of 920g/t silver (Ag).
Errawarra has underlined the fact that grades beyond 50g/t are usually associated with iron-rich, gossanous-like float material, in some cases indicating mineralised extensions to the known system.
Several programs of work are planned to continue investigation of the mineralisation in these areas, including more surface sampling, surveys using a metal detector to find more material in the target vicinity, and trenching to find potential mineralised structures at surface.
Those samples already collected have been sent to the lab to undergo analytical assessment, and assay results will be due in 6 to 8 weeks.
Executive director Bruce Garlick said the silver grade observations had been extremely exciting for Errawarra’s field team.
βThe identification of high-grade silver values in areas north and south of the historic mine presents compelling new targets,” he said.
“We will now focus further field work in these areas to determine the potential for extensions to the known mineralisation.
“Coupled with our upcoming drilling program, due to commence in the coming weeks,
this once again highlights the significant exploration potential at Elizabeth Hill.β
Errawarra shares have been trading at 5.1 cents.
Join the discussion: See what HotCopper users are saying about Errawarra and be part of the conversations that move the markets.
