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West Coast Silver (ASX: WCE) has leapt 3.7% in intra-day trade after boosting the exploration potential of its flagship Elizabeth Hill Silver Project in Western Australia, following the completion of integrated near-mine and regional targeting studies.
The studies focused on the historical mine environment near Karratha and has identified 12 high-priority targets.
“This detailed targeting work has significantly upgraded our confidence in the broader potential of the Elizabeth Hill Silver Project. Our recent very successful fund raising allows us to move quickly into testing these new high-priority targets, particularly around the historic mine” said Executive Chairman Bruce Garlick.
The studies featured meta-analysis of historical drill holes, soil and trench geochemistry, rock chip samples, and geophysical data.
The company’s review of both legacy and recent data revealed underexplored zones with strong silver-in-soil anomalies supported by copper and zinc, proximity to key fault structures, and the presence of gossanous material and float samples with elevated silver.
Particular attention has been drawn to areas south of the historic mine where silver mineralisation is believed to step down along east-trending faults. These characteristics provide a compelling model for potential extensions of the main high-grade shoot.
All 12 newly ranked targets remain either untested or ineffectively tested, with many obscured by transported cover or missed by historical drilling.
WCE has been trading at 14cps in early afternoon trade.
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