West Coast Silver (ASX: WCE) has identified a new, drill-ready conductor anomaly at its Elizabeth Hill silver project, which is aligned with a historical high-grade silver intersection.
Initial processed down-hole electromagnetic (DHEM) results from Elizabeth Hill revealed a discrete conductive plate, showing an estimated conductor strength of 400-1,200 Siemens.
This anomaly is located approximately 50m east of the existing Elizabeth Hill Mine sequence, with its upper edge about 110m beneath the surface.
This conductor is aligned with an historical intersect of 2m at 42 g/t Ag, positioned around 25m up-dip from the modelled plate.
The company notes that no prior drilling has directly tested this specific depth zone in the target area.
Immediate Diamond Drilling Underway
Following this promising geophysical outcome, a diamond drill rig is being immediately relocated to test the new DHEM anomaly.
A single planned hole is set to target a downhole depth of approximately 150-170m.
Drilling is expected to be completed in the coming week.
Assay results from both this and ongoing reverse circulation (RC) and diamond drilling (DD) programs are anticipated to progress through Q2 2026.
Ongoing Exploration Context
This DHEM work marks the first application of electromagnetics at the Elizabeth Hill project, with the aim of directly targeting high-grade silver mineralisation.
This method could prove to be a valuable tool for future exploration.
Previously, West Coast Silver has undertaken RC and DD campaigns at Elizabeth Hill, focusing on testing extensions along strike and down-plunge of the historical mine, particularly along the significant Munni Munni Fault.
Furthermore, the company is trialling additional surface geophysics techniques across the deposit.
Investor Risks to Monitor
Investors should be aware of several factors as West Coast Silver progresses with this new target.
The company has highlighted that there is uncertainty whether this DHEM anomaly reflects the same quality, quantity, or mineralogy as the historically mined silver sequence.
This depth zone has not been previously tested by drilling.
Additionally, the observed conductivity could be influenced by other geological factors besides valuable mineralisation.
Ultimately, the valuation upside remains dependent on the drilling confirming actual mineralisation in this newly identified zone.
