Diamond drilling program to begin at Elizabeth Hill silver project

Alien Metals Limited, trading under the ticker UFO on AIM, recently announced plans for an 18-hole diamond drilling program at the Elizabeth Hill Silver Project in Western Australia. Scheduled to commence in early to mid-October, the drilling initiative will be carried out by West Core Drilling and will span approximately 1,800 meters of the project site. The company will mobilize their drilling equipment during the week of October 5, with operations expected to persist until early to mid-December.

The program is divided into four workstreams, each targeting specific areas of interest. The first workstream aims to conduct mineral resource estimate development drilling in lower confidence areas above historic mine workings, with the ultimate goal of potentially reclassifying Inferred Mineral Resources to Indicated status. The second workstream will expand testing to areas outside the existing 2.8 million ounce silver mineral resource estimate block model.

The third workstream will investigate the continuity of a high-grade silver zone located below historic mine workings, while the fourth workstream will focus on areas down plunge from the deepest historic mine workings. Drill core will undergo thorough logging for geotechnical, metallurgical, and structural analysis, as well as sampling for Scoping Study test works.

The drilling program is designed to incorporate results from future 2025-2026 drilling rounds and updated structural and geological interpretations. The findings from this new drilling will be incorporated into a mineral resource estimate update slated for March 2027, with Scoping Study outcomes expected in the first quarter of 2027.

Additionally, Alien Metals holds a 30% stake in the Elizabeth Hill project and owns 30.5 million shares in West Coast Silver, which represents roughly 7.0% of West Coast Silver's issued share capital. The Elizabeth Hill Mining Lease, located at the heart of this project, was renowned for producing high-grade silver ore during the late 1990s.

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