Strickland needs drills and an army of geologists to keep up with thick, high-grade gold out of Millrose
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An ever-expanding Strickland is recruiting more geos and all the rigs WA can offer after Millrose results continue to hit thick, high-grade gold.
Standout gold results were intersected in hole MRRC087 of 2m at 10.9 g/t from 58m and 25m at 5.1 g/t from 82m.
Plus, the hole intersected the very same lode, 200m south of MRRC089 reported last week, which the company says demonstrates an astonishing continuity of the wide, high-grade domain.
“This hole intersected the same primary high-grade domain 200m to the south gives the company further confidence that we are dealing with a very substantial gold system,” Strickland Metals (ASX:STK) CEO Andrew Bray said.
Bray said that drilling to date has contributed enormously to the company’s understanding of the geology, and that it appears the banded iron formation (BIF) unit in the footwall is a key marker horizon for the gold mineralisation.
“Previous magnetic surveys highlight this BIF unit extending for over 8km, with possible further offset extensions to the north,” he said.
“Visual observations from diamond core and RC drill chips to the south and north of the current assays appears to confirm this interpretation of the geology.
“It’s also supported by the presence of visible gold in MRDD011, which is 500m south of the assay released today, further suggesting continuity of the system.”
Millrose currently hosts a JORC compliant Mineral Resource of 6mt at 1.8 g/t gold for 346,000oz contained gold.
The project is around 30km east of Northern Star Resources’ (ASX:NST) Jundee gold operation, and based on the latest results, Strickland is now actively looking to recruit more geologists to facilitate additional rigs to explore the lateral extent of the mineralisation.
“Based on this new exploration model, our drilling program has been altered to now focus on determining the lateral extent of the mineralisation,” Bray said.
“The RC and diamond rigs will continue to follow the main shear zone to the north and south, before returning to complete the planned mineral resource drill-out.
“In line with this expanded program, the company is looking to add additional rigs to Millrose to expedite extensional drilling along the shear zone.”
This article was developed in collaboration with Strickland Metals Limited, 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.