High grade gold hits prove Strickland’s Wanamaker model is on the money
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Strickland’s Wanamaker target has now been confirmed as a 300m long high-grade lode within its Millrose project in WA after drilling returning more primary gold hits.
Notable results from the latest batch of drill assays include 7.7m grading 6.6 grams per tonne (g/t) gold from a down-hole depth of 179m (MRRC355D), 20.2m at 2.8g/t gold from 143m (MRRC353D), and 5.4m at 5.9g/t gold from 154.6m (MRRC357D).
The success of the holes targeting further primary mineralisation on 50m step outs from the discovery holes means that Strickland Metals’ (ASX:STK) Wanamaker geological model is holding together well.
It is currently believed to be a high-grade primary lode plunging to the north which remains open at depth with impressive oxide mineralisation closer to surface.
Separately, deeper drilling below the Millrose resource has also returned thick intersections such as 31.3m at 2.1g/t gold from 231.2m including 9.5m at 4g/t gold from 253m (MRDD043) and 92.9m at 1g/t gold from 315m including 15.9m at 2.7g/t gold (MRDD044).
Like Wanamaker, Millrose remains open at depth with data from the 2022 drill program to feed into an updated resource estimate due to be released in 2023.
“Wanamaker is continuing to deliver excellent results for shareholders, with all holes intersecting primary fresh rock mineralisation as modelled,” chief executive officer Andrew Bray said.
“Looking back over historical data, an old RAB line of drilling was drilled over the top of the Wanamaker lode. The old RAB hole directly above Wanamaker pulled up only 3 metres short of the lode.
“It’s a great credit to the thoroughness of our team, led by Richard Pugh and the staff at Omni GeoX, to have delivered this discovery.”
First discovered in July 2022, Wanamaker is a distinct primary high-grade mineralised lode, consisting of silica-chlorite alteration, as opposed to the silica-carbonate alteration observed at Millrose North, and the hematite-carbonate-silica alteration present at Millrose Central.
The presence of lamprophyre intrusives, associated with the high-grade gold mineralisation, is a unique geological characteristic associated with Wanamaker.
All three lodes are interpreted to be north-plunging and associated with the northeast striking cross-cutting shear structures.
Primary gold mineralisation across all three domains remains open at depth.
This article was developed in collaboration with Strickland Metals (ASX:STK), 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.