Strickland’s monster gold hit a hint that Wanamaker could outstrip Millrose

Strickland’s new Wanamaker oxide gold discovery within its Millrose project is proving to be a winner after ongoing drilling returned a very rich gold intersection.

The meaty 7m intersection grading 22.2 grams per tonne (g/t) gold from a down-hole depth of 72m (MRRC329) is 50m north of the initial discovery holes and confirms that Wanamaker as a new high-grade lode starting just 250m north of the historical Millrose resource.

Adding further interest, the new holes highlight the potential for mineralisation to open up further to the north with more assays expected by the end of November.

Strickland Metals (ASX:STK) adds that the oxide mineralisation links Wanamaker and Millrose for an overall strike length of 3.2km, demonstrating the large scale of the broader Millrose gold system.

The results will feed into an updated resource planned for the first quarter of 2023.

“The assay result in MRRC329 is one of the most impressive assays returned to date from our flagship Millrose gold project. The oxide mineralisation we are seeing at Wanamaker is arguably more impressive than what has been historically intersected at Millrose, particularly if it continues opening up to the north,” chief executive officer Andrew Bray said.

“We are now seeing a very impressive and continuous zone of oxide mineralisation, which currently extends from Wanamaker in the north to the southern portion of Millrose.”

Drilling extends gold mineralisation

The top hit and the accompanying intersect of 2m at 11.3g/t gold in hole MRRC335 to the south follows on previous oxide hits which collectively y extend the oxide gold mineralisation 400m north of the current Millrose of 6Mt at 1.8g/t gold for 346,000oz contained gold.

Results are currently pending for seven diamond holes drilled to test below this horizon, all of which have successfully tested the primary structure.

The company’s drill successes have not been restricted to just Wanamaker either. Drilling has also succeeded in defining two other high-grade primary lodes – Millrose Central and Millrose North, all of which have varying alteration and mineralisation styles.

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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.