Strickland Metals plans to ramp up drilling at the project. Pic: via Getty Images.
Strickland onto large-scale gold camp at Horse Well
Mining
share
- Strickland Metals reports more strong assays from three targets at Yandal gold project
- Palomino target now over 600m in strike and still growing with assays pending
- Company plans to ramp up drilling at Warmblood and Bronco targets
Special Report: More excellent assays from Horse Well, part of Strickland Metals’ Yandal tenements, indicate “a very significant gold project”.
Having pocketed $61 million from the sale of the Millrose project in WA’s Yandal greenstone belt to Northern Star Resources (ASX:NST) last year, Strickland Metals (ASX:STK) is digging into its remaining tenements in the prolific gold region.
Drilling success was immediate and ongoing, with STK currently targeting emerging deposits at Palomino, Warmblood and Bronco.
Notable new results from Palomino include:
- 20.3m at 1.9g/t Au from 103.6m, including 7m at 4.7g/t Au; and
- 21m at 1.2g/t Au from 108m, including 3m at 2.8g/t Au.
At Warmblood, the company intersected a third high-grade lode not previously intersected, with results including 6m at 4g/t Au from 37m and 7m at 1.1g/t Au from 62m.
And from Bronco, assays include:
- 15.8m at 1.5g/t Au from 84m;
- 12m at 1.4g/t Au from 52m and 9.2m at 1.7g/t Au from 74m; and
- 11m @ 1.2g/t Au from 108m.
Palomino’s growing footprint
Palomino has a growing and substantial footprint which is now over 600m in strike, remaining open to the north as well as down-plunge.
Additional diamond assays from Palomino are expected in early July.
“The recent and current results across the three prospects – Palomino, Warmblood and Bronco – show that Horse Well is continuing to shape up as a very significant gold project,” Strickland Metals (ASX:STK) chairman Anthony McClure said.
“We are constantly identifying new gold mineralisation, locating extensions to known mineralisation, and generating new promising targets across a large prospect area.”
Drilling set to ramp up
At Warmblood, further drilling is planned to test the extents of the new lode as well as test the high-grade plunge extents from all primary lodes across the prospect.
And at Bronco, the company is currently planning holes to test the promising IP target to the north of this current phase of drilling.
“Drilling will continue to proceed at pace, with an additional diamond rig to be added shortly to the Yandal project,” McClure said.
“This will facilitate a number of key stratigraphic holes across Horse Well, as well as testing the large-scale Great Western target.
“It is expected this additional rig will fast track a number of other key priorities for exploration.”
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.
