Strickland eyes two compelling priority WA gold | Australian Markets

Strickland Metals has recognized two new compelling targets close to its 108,900-ounce Nightfall ‘til Dawn gold camp with the potential for the targets to represent the core of a much larger gold system.

The company is also planning to soon reveal an updated mineral resource at its Horse Well gold camp. Both areas are part of the company’s wider Yandal project in Western Australia.

Strickland has been busy placing in some laborious exploration yards over the summer season period on the 257,000-ounce Yandal gold project, which is about 50 kilometres away from Northern Star Assets’ 10-million-ounce Jundee gold project in WA’s northeastern goldfields.

From exploration work accomplished by the company during the previous few months, two compelling targets have been recognized from geophysical modelling and geochemical knowledge evaluation and contemplating their proximity to earlier gold intersections on the website.

Earlier exploration at Nightfall ‘til Dawn has uncovered a large-scale hydrothermal alteration system with subsequent drilling defining a 108,900 gold ounce resource.

Management believes the large scale and intensity of alteration suggests significant fluid flow, potentially pointing to a large, mineralised gold system.

It believes gold at Dusk is one of many second-order splays towards the outer edge of the system. The newly identified targets could represent the core of a much bigger gold system than has been so far discovered.

The company says the targets have the hallmarks of a huge system and the mineralisation in the Dusk camp possesses a different style of mineralisation to that discovered elsewhere in the project’s ground.

Strickland views the Nightfall-style mineralisation as a discrete project within the broader Yandal project.

The company plans to assault 7.5km of untested potential strike with a drill bit and expects Nightfall to be the prime focus of its exploration applications deliberate for this yr. It expects to shortly reveal these plans to the market.

Whereas the main target of drilling late final yr was on the 6.69-million-ounce gold-equivalent Rogozna project in Serbia, we’re very excited to proceed advancing the Yandal project during the 2025 discipline season. The company’s focus stays on advancing each the Rogozna and Yandal initiatives in tandem, an important half of which incorporates the release of an up to date mineral useful resource estimate for Horse Properly in March 2025.

Strickland is laser-focused on its Horse Properly gold camp, comprising a 148,100-ounce useful resource unfold throughout its Palomino-Filly-Filly SW and Warmblood deposits.

A big reverse circulation and diamond drilling program was accomplished on the gold camp final yr, concentrating on high-value ounces from shallow oxide materials on the Palomino and Warmblood deposits, thought-about appropriate for open pit mining.

Extra drilling was carried out alongside strike and down-plunge, concentrating on depth extensions to beforehand recognized mineralisation to evaluate the potential for underground mining. All deposits stays open alongside strike and down-plunge.

To improve its understanding and confidence of the mineralisation to incorporate within the upcoming useful resource replace, the company carried out additional drilling at a number of superior targets – Bronco, Konik and Marwari.

The company says it efficiently achieved its aims and expects to offer an up to date useful resource by the tip of March.

It has lodged a mining licence utility for the Horse Properly camp, which it expects to progress as a matter of precedence.

The company plans to unlock severe worth at Horse Properly this yr and the mining licence is vital to attaining that purpose by advancing the project in the direction of development.

Strickland has wowed the market with a collection of gorgeous assay outcomes since buying the Rogozna gold project in Serbia in April final yr, which it has progressed to a gold equal useful resource of 6.69m ounces.

Important hits in gold-equivalent grades at Rogozna embody 545.7 metres operating 1.1 grams per tonne (g/t), 308.4m grading 1.9g/t and 89.7m going 4g/t, indicating the potential for a monster project because it continues with additional drilling applications.

The company stays properly cashed-up with an enviable $33.8 million in money and ASX-listed Northern Star Assets shares on the finish of 2024.

Strickland set itself on a golden path long earlier than the dear steel set new heights as its price surged ever skywards. With the yellow steel trading at present at US$2913 (A$4620) per ounce, the company seems to have chosen the precise path to comply with.

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