Source: Strickland Metals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Mineral explorer Strickland Metals (STK) will soon begin a diamond drilling program at the Doolgunna Project which is located in the Bryah Basin of WA
  • Strickland will initially drill 2500 metres to target a base metal prospect which has showed similar traits to Sandfire Resources’ DeGrussa deposits
  • The prospect contains a three-kilometre-long electromagnetic conductor that lies below a 1.2-kilometre outcropping copper-zinc gossan
  • The company plans to conduct geological exploration but expects to wait up to six weeks for samples to be analysed due to the high demand for labs
  • Strickland ended the day with shares up 38.9 per cent on the back of this news, to close for 12.5 cents

Strickland Metals (STK) will soon begin a diamond drilling program at the Doolgunna Project which is located in the Bryah Basin of Western Australia.

The company recently completed a heritage survey to be granted land access to the areas in which it will explore. A survey is also planned for mid-November.

Drilling will start before the end of the month and will target a base metal prospect that has shown geological traits. These traits are interpreted to be similar to Sandfire Resources’ (SFR) DeGrussa deposits located 30 kilometres away.

The prospect contains a three-kilometre-long electromagnetic conductor that is situated below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilometre strike. Notably, this prospect has never been drilled.

Drilling will include an initial 2500 metres, for four diamond holes. Depending on how this goes, Strickland will conduct further shallow and deeper holes.

Additional exploration work will include geological logging, photography, pXRF analysis, magnetic and electromagnetic measurements, orientation, marking up, core cutting and sampling.

The company expects analysing the samples will take up to four to six weeks due to the high demand for laboratory services.

Strickland ended the day with shares up 38.9 per cent on the back of this news, to close for 12.5 cents.

STK by the numbers
More From The Market Online

Great Western shares jump nearly 11% on WA govt funding for priority Cu-Au targets

Great Western Exploration shares jump nearly 11 percent on West Australian government funding to test copper-gold…

Lithium Universe ends the quarter charged up for Quebec Refinery roll-out

Lithium Universe has closed off the March quarter with a new Chief Financial Officer and strategically located land…

Alligator snaps at extended mineralisation of Blackbush uranium deposit in SA

Extension drilling in the first four months of this year at the Samphire Uranium Project in South Australia has enabled Alligator Energy Ltd