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Strickland Metals (ASX:STK) has notched the number one position at the peak of the top gainers’ boards on Tuesday in the first half hour of trades.
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The culprit? Gold hits – intersections small in nature; a single four metre core assaying at 10g/t gold, but 340 metres deep underground.
The 10g/t assay result likely has at least some investors interested, for what it’s worth, $673.9K in shares had traded hands as of around 11am Tuesday morning.
Helping matters is that Strickland says the drill assays effectively extend northward the boundaries of known mineralisation on-site, also part of the emerging Grandina Prospect at the company’s Rogozna Project.
“These results have confirmed the continuity of high-grade gold mineralisation at the northern end of the Gradina deposit, with drill-defined mineralisation extending over approximately 1,000 metres of strike and 900 metres of vertical extent,” the company wrote on Tuesday.
At any rate, the news was enough to push Strickland Metals up 10.4% – within the early moments of Tuesday trade, at least, the day’s biggest swing.
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“This is a fantastic start to our 2025 drilling campaign at Gradina, with the first diamond drill-hole for the year continuing to demonstrate the importance of this high-grade, gold-dominant system,” company chief Paul L’Herpiniere said.
“Our expectation is that Gradina will deliver considerable high-grade ounces to the Rogozna resource inventory by late-2025.”
With gold prices likely to remain high this year, that could only be a good thing.
STK last traded at 13cps.
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