- Strickland Metals (STK) delivers “fantastic results” from its Millrose project, located in the Yandal Belt in Western Australia
- The company has so far drilled around 50 reverse circulation (RC) holes, with 27 of those holes having diamond tails, across the project
- The first drill hole, which was targeting depth extensions, yielded an 8.1m at 14.6g/t gold from 215 metres
- The RC rig is continuing to test for southern extensions of the interpreted ore zone, while the diamond rig is currently completing tails on RC holes which did not reach target depth
- STK shares are up 2.90 per cent, trading at 7.1 cents per share
Strickland Metals (STK) continues to deliver “fantastic results” from its Millrose project, located in the Yandal Belt in Western Australia.
The company has so far drilled around 50 reverse circulation (RC) holes, with 27 of those holes having diamond tails, across the project.
The results come from hole MRRC099, the first hole drilled as part of the northern extension and hole MRDD008, which intersected 17 metres at 1.8 grams per tonne gold from 149 metres and 4.8m at 4.1g/t gold from 219.8m.
The higher grade depth extension lode intersected in MRDD008 appears to start just beneath the previously intersected mineralisation.
CEO Andrew Bray said these initial results are “indeed dealing with a very large gold system.”
“Our geological model remains robust across the project area. The banded iron formation (BIF) unit in the footwall is continuing to be a key marker horizon for the interpreted ore zone. Previous magnetic surveys highlight this BIF unit extending for over 8km, with a further 5km offset extension to the north. This means we have potentially a 13km gold
mineralised structure to continue testing,” he said.
“We’re expecting the mineralisation to both dilate and pinch-in along strike throughout the 13km, with future resource drilling to focus on areas of dilation and high-grade depth extensions. In order to expedite the planned drilling of the shear zone along strike, the company plans to add an additional RC rig next month.”
The RC rig is continuing to test for southern extensions of the interpreted ore zone, while the diamond rig is currently completing tails on RC holes which did not reach target depth.
Strikeland’s is planning to add and an additional drill rig ahead of the planned drilling of the shear zone.
STK shares were up 2.90 per cent, trading at 7.1 cents per share at 10:20 am AEST.