- Strickland Metals (STK) receives native title heritage clearance for the remainder of the main gold structure within its Millrose project in Western Australia
- The clearance will allow the company to test the full 13-kilometre strike identified at the project, with drilling now underway
- In addition, the company received a program of work approval from the Department of Mines, Industry Regulation and Safety
- It plans to initially focus its efforts on several high-priority targets, which have a close association with the high-grade gold mineralisation detected at Millrose North
- Shares are trading 3.45 per cent lower at 5.6 cents each at 3:44 pm AEST
Strickland Metals (STK) has received native title heritage clearance for the remainder of the main gold structure within its Millrose project in Western Australia.
The clearance will allow the company to test the full 13-kilometre strike identified at the project, with drilling now underway.
In addition, the company received a program of work approval from the Department of Mines, Industry Regulation and Safety.
It has planned to initially focus its efforts on several high-priority targets, which have a close association with the high-grade gold mineralisation detected at Millrose North.
To accelerate exploration, the company has secured a third drill rig, which will remain on site until the end of the year.
“Strickland is very pleased to have received native title heritage clearance for the remainder of the main Millrose BIF-shear contact structure,” CEO Andrew Bray said.
“Previous clearance allowed for drill testing of approximately 3.2 kilometres of the total 13 kilometres structure. We’ll now move to expedite drill testing of the remainder of the structure.
“Most excitingly, clearance allows us to move to areas of highest priority, where major regional NE-SW cross-cutting structures intersect the BIF-shear contact.”
Shares were trading 3.45 per cent lower at 5.6 cents each at 3:44 pm AEST.