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Alien Metals to acquire Silver Tailings Project at Elizabeth Hill

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Global Mining Review,

Alien Metals Ltd has released an update regarding its high-grade silver project located at Elizabeth Hill, Western Australia.

The company has entered into a 60 day exclusivity arrangement with the owner of the tailings on site within the Elizabeth Hill Mining Licence, using this period to carry out further assessment of the tailings in situ and potentially negotiate an acquisition by Alien of the rights and title to the Elizabeth Hill tailings project, if terms can be agreed between the parties.

Elizabeth Hill Silver tailings projects:

  • Alien has signed an exclusivity agreement with Wombat Resources Pty Ltd, the owner of the historic tailings on site within the Elizabeth Hill Mining Licence.
  • Recent sampling of the tailings undertaken by Alien have returned encouraging results:
    • 84 samples were taken from 21 locations, with silver grades up to 1270 g/t (38 oz/t).
    • The samples returned an average grade of 472 g/t Ag (13.3 oz/t Silver).
  • During the 60 day exclusivity period, the parties intend to negotiate an acquisition by Alien of the rights and title to the Elizabeth Hill tailings project.

Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:

“We have been aware of the potential of historic silver tailings at Elizabeth Hill for some time. Knowing that the Elizabeth Hill silver mine’s historic operations were somewhat inefficient and being very high-grade with abundant native silver we felt that, despite previous reprocessing activities, there is likely significant value remaining in the silver tailings.

“Following discussions with the silver tailings owner, a first-pass sampling program was undertaken in December 2020 to test the properties of the tailings. ALS laboratories in Perth carried out an Aqua Regia ICP-AES assay on 84 auger samples from 21 locations, which returned consistently high values of silver and associated minerals. Over the coming months, the company will undertake further sample work and analysis to better understand the most efficient and cost-effective processes to extract the silver from the tailings. We believe that the silver tailings project could generate near-term cashflow which could help underpin a range of exploration activities at Elizabeth Hill and the Munni Munni North project.”

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Australian mining news Silver mining news