Business
JV Announces Drilling Partner for Elizabeth Hill
JV Announces Drilling Partner for Elizabeth Hill.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n\n \n \nTrading Symbols\nAIM: UFO\nFWB: I3A1\n \n08 May 2025\nAlien Metals Limited\n(\"Alien\" or the \"Company\")\n \nJoint Venture Partner Announces Drill Contract Awarded for Elizabeth Hill\nTechnical Visit Completed to Define Drill Targets\n \nAlien Metals Ltd (AIM: UFO), a minerals exploration and development company, is pleased to provide an update on its Elizabeth Hill Silver Project (\"Elizabeth Hill\" or the \"Project\"), in the Pilbara region of Western Australia, where its joint venture partner, Errawarra Resources Ltd (ASX: ERW) (\"Errawarra\"), has announced a drilling partner for the maiden drill programme.\n \nFollowing the Company's announcement of 24 March 2025, regarding the conditional joint venture agreement with Errawarra, activities on-site have accelerated in recent weeks, with site visits undertaken and drilling expected to commence imminently. This will follow Errawarra seeking shareholder approval for the transaction at an Extraordinary General Meeting (\"EGM\") to be held on 19 May 2025.\n \nHighlights:\n· Inaugural drilling contract awarded for Elizabeth Hill.\n· West Core Drilling Pty Ltd (\"West Core Drilling\") has been awarded the diamond drilling contract under a partial drill for equity (ERW Shares) arrangement. Drilling is anticipated to commence imminently post Errawarra's EGM.\n· Drill targeting is currently being finalised following a site visit by ERW Management to ground truth targets.\n· Regional soils programme targeting regional structures with associated historical silver in soil anomalism is almost completed, with 1,766 soil samples and 89 rock chip samples having been collected.\n· Rock chip sampling aided using XRF technology to qualitatively assess the samples in the field.\n· Laboratory results are expected in 6-8 weeks.\n \nFollowing a competitive tender process, Errawarra has awarded the diamond drilling contract to West Core Drilling. The upcoming drill programme will be completed under a partial drill-for-equity arrangement and will focus on high-priority mine and near-mine targets. These include:\n \n· Near-surface mineralisation;\n· Down-plunge extensions; and,\n· Str...