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Errawarra Resources (ASX:ERW) has kicked off a program of fieldwork at the Elizabeth Hill project in Western Australia – following the company’s decision to acquire a majority of the mining lease in question.
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On March 25, Errawarra agreed to acquire a 70% interest in the Elizabeth Hill mining and 70% of all silver rights across the rest of the area – which spans 180 square kilometres – including exploration licences and mining licences.
The company’s geologists are now on-site in WA’s Pilbara region and will commence looking for high-priority silver targets for testing. These are expected to be associated with the historic mine, as well as regional targets.
“We have now confirmed our commitment to hit the ground running at Elizabeth Hill with our geological team already mobilising,” Bruce Garlick, executive director, said.
The Errawarra boss then declared: “Commencing works immediately is a testament to the value opportunity we see at Elizabeth Hill.”
Work so far has included relogging of historical drill holes and PXRF analysis of the core.
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“Exploration for additional Elizabeth Hill silver occurrences has been long overdue and our initial planned exploration activities including mapping, soil sampling, geochemical analysis of historical drill material is aimed at defining high priority targets for our planned upcoming maiden drill programme.”
Errawarra has been selling at 0.6.3 cents in early trade today.
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