- Strickland Metals (ASX:STK) completes the first diamond drillhole at its Horse Well prospect, located within the company’s Yandal gold project in WA
- The hole at Marwari was extended a further 111 metres beyond the initial planned depth
- Strickland will undertake the drilling of four more diamond holes
- The company remains well-funded after the sale of its Millrose gold deposit in July
- STK last traded at 12 cents
Strickland Metals (ASX:STK) has completed the first diamond drillhole, MWDD001, at its Horse Well prospect, located within the company’s Yandal gold project in Western Australia.
The company reported that the hole at Marwari was extended a further 111 metres beyond the initial planned depth. The hole, which was initially targeted at 180 metres, reached a total depth of 291 metres.
Strickland has now decided to focus both its RC and diamond drill rigs on Marwari for the time being. As part of this expansion, Strickland will undertake the drilling of four more diamond holes.
The RC rig is kicking off an aggressive drilling effort on a 40 by 40-metre grid over an initial 300 metres of strike to the south of the discovery hole, as well as three diamond pre-collars.
The company is awaiting further assays from its aircore program and remains well-funded after selling the Millrose gold deposit to Northern Star Resources earlier this year for more than $60 million.
STK last traded at 12 cents.