RE: West Coast Silver Releases Maiden Mineral Resource2 Jun 2026 07:29
West Coast Silver has announced its first Mineral Resource Estimate (MRE) of 2.8 million ounces of silver located at the Elizabeth Hill project in Western Australia, which includes both high-grade indicated and inferred resources. The company has launched a dual approach aimed at creating value: it will undertake a 6,000-meter drilling campaign to enhance and expand the resource while simultaneously advancing fast-track studies for open-pit development.
The Elizabeth Hill site is acknowledged as a unique, high-grade silver deposit containing five elements, and it remains open along the strike and at depth, presenting opportunities for further major discoveries. The board has established a Memorandum of Understanding (MOU) to process ore at the nearby Radio Hill facility and has begun metallurgical studies to verify historical recovery rates of up to 90%.
Looking ahead, key upcoming events include drill result announcements, updates from geophysical surveys, outcomes from metallurgical tests, a revised MRE, and the initiation of a scoping study— all anticipated to yield significant news throughout 2026.
Nonetheless, Elizabeth Hill may be perceived as too small for larger corporations, but it could potentially provide West Coast some minor profits while they search for more substantial projects. Unfortunately, the management team appears to be the same, compared to others, and the money will all continue going up in dust.