RE: Reddit30 Jan 2021 11:52
Well done Panderman :)
I'm really excited about Elizabeth Hill.
RNS 14/12/20 said, "Elizabeth Hill holds enormous potential for the Company."
Bill previously said in an interview, "Elizabeth Hill has incredible high-grade silver, one of the highest grade mines definitely in Australia for silver that never actually completed production.”
They previously only mined 1/4 of its proven resource.
It only stopped production back in 2000 since the price of silver dropped to $4/oz.
The mine is highly underexplored.
- Surface resource and depth extension of high-grade mineralization below 100 metres UNTESTED!
- Potential of secondary or third mineralised systems along strike from the discovered ore body.
- Planning to acquire the mine tailings dam which is understood to contain significant amounts of silver.
Plus we now own the 117km2 area around the mine. Hopefully the Air Mag Survey results (due mid to late February) will highlight new targets. There are already 2 targets proven to host significant mineral deposits.
Our x2 100%-owned Mexico silver mines also hold enormous potential. This is what Bill said about them at the webinar:
"If you look at the grades, just incredible. 1.5m wide vein up to 2000g/tonne silver and up to 3.5g/tonne gold which is the core vein and the footwall itself running up to 500g. These are just fantastic mineralised systems.
We are very excited for the upcoming drilling and really prove up both projects.
Los Campos is tucked in next to Endeavour Silver. You could almost say they are the same system, just slightly off-set. Los Campos has over 2km of strike. Very excited to put some drill holes through that."
UFO is the best junior silver play on LSE.
#SILVERSQUEEZE!!!!!