RE: UFO: EH (Silver) | Hanc0ck (Iron) | Munni (PGM) | Aus Tier 1| *3p+28 Oct 2025 09:11
Shrewd buyers here considering:
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.