RE: UFO: EH (Silver) | Hanc0ck (Iron) | Munni (PGM) | Aus Tier 1| *3p+29 Oct 2025 07:17
Nice update today from WCS. They have big cash in and a big diamond drill and then air core drilling thousands of metres across the project, boosted by the two recent silver specialists to drive things.
we may see Hanc0ck Joint Venture shortly, PGM news or with the below coming.
Elizabeth Hill production news in this phase 2 and also a massive massive amount of drill results.
There's a great comparison here on Air Core drilling vs Diamond.
Phase 2 is a mix of 1000m+ Diamond and 2000-3000m Air Core, a total of 3000-4000m drilling. Considerly larger than phase 1, which was about 1200m only.
https://www.coreplan.io/blog/air-core-drilling-what-it-is-and-whats-good-about-it
In a nutshell
Aircore | Diamond
Depth: up to 100m | 1000m
Ideal for: Shallow, soft ground | Deep geology
Speed: Fast and low cost | Slow and expensive
So why does Air Core drilling make sense for Elizabeth Hill?
Well look at the depth of the previous results, all considerably shallow.
Highlights:
· Hole 25WCDD001 intersected:
o 5m at 313g/t Silver (Ag) from 20m; and
o 5m at 2822g/t Ag from 26m; including
§ 2m at 6951g/t Ag from 27m
· Hole 25WWCDD002 intersected 12m at 153g/t Ag from surface; including
o 1m at 973g/t Ag from 1m
Highlights:
· Assays from drill hole 25WCDD001, the first drill hole completed from the 2025 program has returned a significant high-grade silver (Ag) zone:
o 21 metres at 1,047g/t Ag from 10 metres including:
§ 8 metres at 2,632 g/t Ag from 22 metres including:
· 1 metre at 15,071 g/t Ag from 27 metres.
· Impressive near surface results from drill hole 25WCDD002 include:
o 15 metres at 723g/t Ag from 1 metre including:
§ 3 metres at 2,639g/t Ag from 1 metre.
· Gold (Au) reported in laboratory assays with peak assay from drill hole 25WCDD002 returning:
o 1 metre at 2.03g/t Au from 4 metres.
Highlights:
· Assays from drill hole 25WCDD011 have identified several significant high-grade silver zones including:
o 17m @ 858g/t Ag from 5m, including 2m @ 6,349g/t Ag from 7m;
o 10m @ 850g/t Ag from 47m, including 3m @ 2,593g/t Ag from 50m; and
o 13m @ 1,615g/t Ag from 62m, including 2m @ 10,049g/t Ag from 63m.
· Native silver observed in drill core from 25WCDD011.
· Significant high-grade gold intercept: 1m @ 11.1 g/t Au from 51m in 25WCDD011.
· Drill hole 25WCDD012 also returned high-grade silver intercepts, including:
o 6m @ 317g/t Ag from 10m, including 1m @ 1,455g/t Ag from 13m; and
o 14m @ 162g/t Ag from 18m.
· Results continue to confirm the presence of near-surface, high-grade silver mineralisation at Elizabeth Hill.