With $61m in the bank, Strickland Metals is finally on the ground with its first drilling campaign, where the initial focus remains on mapping the Horse Well shear structure in WA’s Earaheedy Basin.

With a number of exciting, high-priority prospects under its wing, Strickland Metals’ (ASX:STK) exploration team has kicked off a mapping program at the Iroquois zinc-lead project, where it aims to extend mineralisation to the north of Horse Well and open-up a new corridor for follow up RC drilling.

To date, regional magnetic surveys suggest these structures may extend for over 20km.

From here and upon receipt of the heritage clearance, STK said initial drilling will also occur at Rabbit Well, a newly identified zinc anomalism in shallow holes.

Rabbit Well’s potential

“We are of the view that Rabbit Well has the potential to be a much larger and more coherent analogue target to our Iroquois base metal prospect,” STK CEO Andrew Bray said.

“The results from initial drilling, along with the results of an upcoming IP survey, will allow for immediate follow up diamond drilling.

“Finally, the program will also undertake initial testing of the Cowza prospect, which is what we believe is a similar prospect to the Millrose gold deposit, which Strickland recently sold to Northern Star Resources,” he explained. 

Looking ahead

The program will wrap up in November with assay turnaround times expected to take around six weeks for photon gold assays, and about 10 to 12 weeks for full multi-element assays.

“An IP survey is also expected to begin next week, which will focus on the Great Western gold target, the new Rabbit Well base metal prospect, along with Iroquois,” Bray added.

“Diamond drilling will then commence as soon as Heritage clearance is received.”




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.