Strickland drilling proves it was right – Dusk til Dawn is a ‘significant’ gold resource
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Strickland’s modelling of gold mineralisation at its Dusk til Dawn prospect has been supported by numerous, significant intercepts from its first drill campaign.
The support for the company’s belief that the prospect’s resource was incorrectly modelled included a top result of 33m grading 3.6 grams per tonne (g/t) gold from a depth of 61m in DTDR001.
Notably for Strickland Metals (ASX:STK), the drilling also opened up two roughly 10km long corridors with up to 20 lookalike targets.
“We are thrilled with the results from our first drilling at Dusk til Dawn. As mentioned in numerous previous announcements, we always had a view that the Dusk til Dawn mineral resource was incorrectly modelled, and these results confirm our new interpretation is correct,” chief executive officer Andrew Bray said.
“This is the first time the mineralisation has been drilled with the rig correctly orientated.
“Almost all historic drilling has been completed oblique to the main plunge, meaning that historic drilling has not effectively tested or intersected the prospect.
“This new understanding means that we can likely increase both the grade and tonnage of the resource, but more excitingly, it opens up two large ~10km alteration corridors where we are growing increasingly confident of finding repeats of this style of gold mineralisation.”
He added that the company now had a good handle on Dusk til Dawn geology and mineralisation and that it will start resource modelling once assays from the remaining four holes are received.
The company’s relogging of historical drilling in the area had identified a large alteration corridor to the north and south of Dusk til Dawn and a similar alteration corridor has also been identified on the parallel Big Daddy trend to the east.
Within these newly identified corridors, the company has noted up to 20 gravity features that are similar to those found at Dusk til Dawn, which it believes could be suggestive of areas of more intense alteration.
Should these features prove to be repeats of Dusk til Dawn, it could prove up large-scale potential at the broader Yandal gold project.
Strickland will drill several holes on the targets close to Dusk til Dawn in the coming fortnight.
The rigs will then return in January 2022 to continue this systematic regional target testing.
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.