ERW awards Elizabeth Hill drill contract
Special Report: Errawarra is gearing up for diamond drilling at its Elizabeth Hill silver project in WA's Pilbara after locking in drilling contractor West Core Drilling under a partial drill-for-equity arrangement.
Errawarra awards diamond drilling contract to West Core Drilling
Drill targeting is being finalised following a site visit by ERW management to ground truth targets
Lab results from a regional soils program are expected in the next six to eight weeks
The program will focus on several high-priority near-mine targets including near-surface mineralisation, down plunge extensions and strategic holes to enhance the geological understanding and structural orientation of the mineralised system.
Errawarra's (ASX:ERW) shares surged higher when it announced the acquisition of 70% of the project and surrounding tenements in late March.
Although the project doesn't host a defined resource, it previously delivered 1.2Moz of silver at an impressive 2,194g/t head grade in a single year before operations ceased in 2000 amid low silver prices of ~$5/oz.
ERW plans to kick off the campaign in the week following the company's extraordinary general meeting (EGM) planned for May 19.
First mover advantage
With bonanza-grade intercepts like 11.7m at 5,371g/t silver from near surface, Elizabeth Hill is a standout asset—complemented by Errawarra's strategic acquisition of 70% silver rights in the Pinderi Hills package and earn-in agreements over three adjoining tenements.
That makes Errawarra the first explorer to consolidate the surrounding land package of 180km2, which covers highly prospective underexplored areas for silver mineralisation.
The land package holds a significant portion of the Munni Munni fault system which is considered prospective for repetitive silver deposits.
What's next?
Targeting for the drill program is being finalised with active involvement from ERW's board and technical consultants ERM Consulting.
A recent site visit completed by management has paved the way for ground-truthing of high-priority targets.
ERW also conducted a site visit to the Radio Hill processing plant of Artemis Resources (ASX:ARV), currently on care and maintenance, as part of its continued project development planning.
The team oversaw the successful completion of a regional soil sampling program aimed at areas with historically high silver mineralisation.
Soil samples (1,766 samples) and rock chips (89 specimens) have been collected and are being assessed by the onsite geological team using Pxrf technology.
Once that work is finalised, the samples and rock chips will be dispatched to the laboratory for analysis, with assays results expected within the next six to eight weeks.
Listen: Bruce Garlick chats with Barry FitzGerald
In a previous instalment of the Explorers Podcast, Barry FitzGerald chats to Errawarra executive director Bruce Garlick about the company's recently acquired silver play in Western Australia.
This article was developed in collaboration with Errawarra Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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