Alien Metals rises with next phase of diamond drilling in Australia

(Alliance News) - Alien Metals PLC on Thursday said the second phase of diamond drilling has begun at its Elizabeth Hill prospect, a joint venture operated by West Coast Silver Ltd.

The London-based mining firm focused on Australia has 30% free-carried interest through to a decision to mine the prospect, which is located in Western Australia's Pilbara region.

The company's shares jumped 21% to 0.19 pence on Thursday afternoon in London.

"The decision to bring forward the programme demonstrates the strong technical and continued operational momentum at the project following the exceptional silver grades achieved earlier this year," noted Alien Metals Chief Executive Belinda Murray.

"This campaign builds on the first phase results and is another key step in advancing the Elizabeth Hill Project toward defining the extent of the high-grade silver system."

West Coast Silver said this stage will consist of about 14 diamond drill holes, possibly more based on the success of its findings. It aims "to confirm and define the shallow, very high-grade silver immediately adjacent to the historic workings" as well as determine "potential for deeper continuation to the south where the mineralisation remains open at depth."

The mine operator is also conducting geophysical surveys to support air core programs planned for November.

By Holly Munks, Alliance News reporter

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