STK - Strickland Metals says new discovery hole ‘'about as good as it gets’'
(NewsDirect)
Strickland MetalsLtd (ASX:STK) CEO Andrew Bray tells Proactive drilling at the YandalGold Project in WA has delivered a spectacular high-grade golddiscovery. Hole HWAC1472 at Horse Well has returned 31 metres at 5.6g/t gold from 72 metres, including 8 metres at 17.7 g/t. He says thehole ended in mineralisation suggesting it may continue further withadditional drilling. Bray says the new Marwari trend had not beenidentified or drilled by past explorers. The current drill program isnow being tweaked to complete closer spaced aircore lines over theMarwari discovery, with immediate systematic follow up RC drilling tobe scheduled. Strickland meanwhile remains very well funded aftercompleting its sale of Millrose deposit to Northern Star Resources Ltdin July 2023 for close to A$61 million.
“Both prospects represent extremelycompelling base metal targets, having coincident geophysical andsurface geochemical anomalies,” Bray said.
“Both are also in anideal geological setting for the style of base metal mineralisationbeing targeted.
“The survey results will feed into drill planning, with adiamond rig expected to arrive in October.”
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