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Phase two exploration is ramping up at Elizabeth Hill, silver explorer West Coast Silver (ASX:WCE) has confirmed, with high-priority near-mine targets being mapped and “high intensity” exploration already underway.
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This content has been prepared as part of a partnership with West Coast Silver Ltd and is intended for informational purposes only.
It’s all on track, but it’s the timing that matters most – silver just busted its latest price record and is selling at as much as US$40 this morning.
Not that West Coast specifically said that today, but the vibe is there.
The company’s September 2 release almost reads like a reminder; not a bad thing.
And they get away with it okay because there’s plenty to flag for shareholders (and any potential investors) about, from second-phase drilling getting a date range – “in the next six weeks” – to a drone magnetics survey.
Drill targeting is also well advanced, with the company looking to quantify the near-surface silver mineralisation previously uncovered at the mine site.
“The West Coast Silver team are focused on implementing a systematic technical approach to identify and prove up the near-surface mineralisation identified in our initial drilling, as well as numerous high-priority targets identified by ERM,” the company’s chairman, Bruce Garlick, said on the progress.
“That work will [then] feed into planning the next drill program at Elizabeth Hill.”
On that front, HotCopper understands drilling tenders have been received; West Coast is expecting a drilling contract to be signed in the near term.
So, all progressing nicely – and enough to draw heavy HotCopper forum interest, where some users declared it was now “full steam ahead.”
Or maybe, users just liked what West Coast had been wanting to say the whole time; the selling line: “We’re in a great position… with a healthy cash balance and highly experienced team to unlock the value at Elizabeth Hill.”
Exactly what that value is remains West Coast’s to prove, but with silver prices teetering on more all-time highs in late 2025, one can see where things lead.
WCE heads into Tuesday trade at 23.5c a share.
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