PriceSensitive

Strickland Metals (ASX:STK) to begin drilling at WA project

Mining
ASX:STK      MCAP $172.7M
21 October 2020 17:00 (AEST)

Source: Strickland Metals

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.

Related News