WCE: WCE-Falcon JV Reports 12m @ 2.8g/t Gold at Errabiddy
Original announcement by asx on
- Company
- West Coast Silver Limited
- Ticker
- WCE
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results
- Extracted
- 2026-10-20 22:48:50 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
West Coast Silver Limited announced encouraging initial gold drilling results from its JV partner Falcon Metals at the Olsen Well prospect in Western Australia. The first reverse circulation drill hole, OWRC0001, intersected 12 metres at 2.8 g/t gold from surface, including a higher-grade zone of 4 metres at 4.7 g/t gold. This maiden drilling program confirms bedrock gold mineralization beneath a large soil anomaly, with further drilling underway to determine the orientation and continuity of the discovery.
Reasoning: The initial drill hole at Olsen Well returned a strong gold intercept from surface, validating a significant soil anomaly and indicating potential for a new discovery, although further drilling is needed to define continuity and true width.
Positive factors
- Significant gold intercept from surface
- Confirms bedrock mineralization beneath a large soil anomaly
- High-grade sub-interval
- First drill hole, indicating potential for further discovery
- JV partner funding exploration
- QA/QC disclosed
Negative factors
- True width not known
- Continuity and orientation of mineralization not yet established
- Other holes returned no significant intercepts
- Results from a single hole
Facts used in scoring: 2
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept of 4m @ 4.7g/t gold from surface is considered exceptional for an open-pittable orogenic gold deposit, exceeding the 3 g/t Au threshold for open pit exceptional grade.
Evidence · text
“including 4m @ 4.7g/t gold”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The drilling is the first-ever at Olsen Well, extending known mineralization from a surface anomaly to bedrock, which is a form of extending beyond a previously known limit.
Evidence · text
“This program is the first-ever drill testing of Olsen Well which is a 5.8km long gold-in-soil anomaly.”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release includes a JORC Table 1 with detailed QA/QC procedures, including the use of standards, blanks, and duplicates, and a Competent Person sign-off.
Evidence · text
“APPENDIX 4: JORC Table 1 – Olsen Well Gold Target”
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: The document states the cut-off grade and maximum internal dilution used for aggregating intercepts.
Evidence · text
“results are calculated using a minimum 1.0g/t lower cut-off grade and max 4m internal dilution.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The document explicitly states that only downhole lengths are reported and true widths are not known at this stage.
Evidence · text
“Down hole lengths are reported, true widths are not known at this stage.”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
OWRC0001Errabiddy · goldGrade: 2.8Grade Unit: g/tIntercept: 12 mView all detailsHide details
Identity
- Hole ID
- OWRC0001
- Project
- Errabiddy
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- WCE
Geometry
- Grade
- 2.8
- Grade Unit
- g/t
- Intercept
- 12 m
- From
- 0 m
- To
- 12 m
- Hole Depth
- 130 m
- Intercept Depth
- 0 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- OWRC0001:0-12
- Mining Method
- open_pit
Location
- Location
- Olsen Well
- Easting
- 442379
- Northing
- 7168036
- Elevation
- 390 m
- Azimuth
- 183 °
- Dip
- -59 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Compositing
- Cutoff Grade
- 1
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: The intercept of 12m at 2.8g/t gold from surface is a strong result for an open-pittable orogenic gold deposit, especially as it's the first hole in the prospect, confirming bedrock mineralization. However, true width and continuity are yet to be determined.
Positive factors
- Strong grade for inferred mining method
- Significant intercept length
- Intercept from surface
- First drill hole in prospect
- QA/QC disclosed
- Compositing parameters disclosed
Negative factors
- True width not known
- Continuity not established
Evidence · text
“OWRC0001 12 metres @ 2.8g/t gold from surface”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "For personal use only Falcon Metals Limited T: +61 3 8648 6684 ASX: FAL E: info@falconmetals.com.au Level 6, 350 Collins"
OWRC0001Errabiddy · goldGrade: 4.7Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- OWRC0001
- Project
- Errabiddy
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- WCE
Geometry
- Grade
- 4.7
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 0 m
- To
- 4 m
- Hole Depth
- 130 m
- Intercept Depth
- 0 m
Classification
- Deposit Type
- orogenic
- Program
- exploration
- Sample Type
- drill
- Group ID
- OWRC0001:0-4
- Mining Method
- open_pit
Location
- Location
- Olsen Well
- Easting
- 442379
- Northing
- 7168036
- Elevation
- 390 m
- Azimuth
- 183 °
- Dip
- -59 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Compositing
- Cutoff Grade
- 1
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: The sub-interval of 4m at 4.7g/t gold from surface is an exceptional result for an open-pittable orogenic gold deposit, significantly enhancing the overall intercept and indicating high-grade potential within the new discovery.
Positive factors
- Exceptional grade for inferred mining method
- High-grade sub-interval
- Intercept from surface
- First drill hole in prospect
- QA/QC disclosed
- Compositing parameters disclosed
Negative factors
- True width not known
- Continuity not established
Evidence · text
“including 4m @ 4.7g/t gold, in its first reverse circulation drill hole (OWRC0001) at Olsen Well”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "For personal use only Falcon Metals Limited T: +61 3 8648 6684 ASX: FAL E: info@falconmetals.com.au Level 6, 350 Collins"
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.