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WEST COAST SILVER LIMITED — Capital/Financing Update 2021
May 19, 2021
66045_rns_2021-05-19_a132cf67-0b67-44f6-a343-c9373768b131.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
ABN 95 155 472 834
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20 May 2021
Errabiddy Airborne Magnetic Survey
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╘ Errawarra holds a strategic tenement position covering the western half of the Errabiddy Shear Zone on the northern edge of the Yilgarn Craton in the Pilbara region of Western Australia.
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╘ Several competitor companies are now also focused on exploring this northern edge of the Yilgarn Craton for Julimar style nickel-copper-PGE deposits. The project area is also prospective for shear hosted gold deposits.
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╘ Errawarra has commenced a detailed airborne magnetic (gradiometer) survey over the project tenements with final data interpretation due for completion in June 2021.
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╘ Using this new detailed survey data, focussed field reconnaissance and soil sampling will commence next Quarter aimed at identifying targets for ground geophysical surveys and or drill testing.
Errawarra Resources Ltd (ASX:ERW) (Errawarra or the Company) has commenced an airborne geophysical survey at its Errabiddy Project located 200kms north-west of Meekatharra in Western Australia (refer Figures 1 and 2 on page 2). Errabiddy is located within an area that has undergone a “pegging rush” by several companies including Chalice Mining Ltd (owners of the Julimar nickel-copper-PGE discovery). Errawarra’s tenement package includes rock units prospective for intrusion hosted nickel-copper mineralisation and orogenic gold[1] .
The Errabiddy project is at an early stage and is considered highly prospective due to its location and the encouraging results achieved by previous explorers.
The airborne magnetic (gradiometer) and radiometric survey will comprise over 12,000 line kilometres, at a 100m line spacing, will take approximately 10 days to complete with the data interpretation scheduled to be completed in June 2021. The survey results will assist in the interpretation and understanding of structural controls within the project area which will be used to underpin the planning of the first field reconnaissance and sampling programs to be undertaken during the next Quarter.
This ASX announcement has been authorised for release by Mr Thomas Reddicliffe, Executive Director.
For further information, please contact:
Thomas Reddicliffe Executive Director Errawarra Resources Ltd E: [email protected] T: +61 8 9322 3383
1 For a detailed technical description of the project please refer to the Independent Geological Report contained within the Prospectus lodged with ASX on 11 December 2020.
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Level 12, 197 St Georges Tce Perth WA
+61 (08) 9322 3383
ASX: ERW
www.errawarra.com
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ASX Announcement
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Figure 1 Location Map showing the three Errawarra Projects
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Figure 2 Project Location Map showing the Errabiddy Tenements in purple relative to the tenements held by other companies.
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