Great Western represents a very compelling, large and entirely untested gold prospect. Pic via Getty Images.
Compelling, large, and entirely untested: Strickland Metals begins survey over exciting Great Western gold prospect
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- STK kicks off IP survey at the Great Western gold prospect
- The target is defined by a magnetic high, gravity low, and strong geochemical surface anomalism
- Follow up drilling planned immediately upon receipt of Heritage clearance
Strickland Metals believes the structural setting of the Great Western prospect might lead to the discovery of a large, high grade, orogenic gold deposit.
According to the explorer, Great Western represents a very compelling, large, and entirely untested gold prospect.
The completely undrilled anomaly is interpreted to be in the flexure of a regional granite body, which Strickland (ASX:STK) says is a good structural setting for large, high grade orogenic gold deposits.
It is defined by a magnetic high measuring 1.5km in diameter, a gravity low, and significant surface geochemical anomalism, including gold-cobalt-molybdenum anomalism at surface, along with copper-molybdenum anomalous gossans.
It lies 5km to the west of the company’s Horse Well gold resource.
STK plans to test the prospect with an Induced Polarization (IP) survey, which will provide additional information about the spatial variation in lithology and grain-surface chemistry.
IP survey to test Great Western target
IP surveys are a geophysical method used extensively in mineral exploration land mine operations to measure the electrical chargeability and resistance of underground ore.
In STK’s case, the company hopes to use the IP survey to test the Great Western target, which is masked by transported cover where no prior drilling has occurred.
Ramp up in exploration
This ramp up in exploration follows the recent $61m sale of the company’s Millrose project to Northern Star Resources (ASX:NST) earlier this month.
Millrose sits about 40km east of Northern Star’s more than 10-million-ounce Jundee gold operation in Western Australia’s Northern Goldfields region.
A 40,000m drilling program is also now underway across the Horse Well, Rabbit Well and Cowsa, which STK calls “a Millrose lookalike”.
“We are looking forward to a very exciting finish to the year with potentially numerous additional gold and zinc discoveries in the offing,” STK CEO Andrew Bray said.
What’s next?
Results from the IP survey are expected within the fortnight and follow up drilling will commence as soon as Heritage clearance is received.
Further IP surveys are expected to commence soon over the Iroquois and Rabbit Well prospects, located in the Earaheedy Basin.
An update will be provided once these have commenced.
This article was developed in collaboration with Strickland Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
