Strickland jags 7.5km intrusion-related gold | Australian Markets

Strickland Metals has jagged a large 7.5-kilometre-long intrusion-related gold system close to its 109,000-ounce Nightfall ’til Daybreak gold deposit, which is a component of the company’s wider Yandal project in Western Australia’s Jap Goldfields.

Strickland spent a number of months pouring over new geophysics and geochemical evaluation of the realm earlier than overlaying the findings with historic exploration information.

The findings confirmed two massive distinct gold, molybdenum, copper, bismuth and tellurium mineralised corridors within a 7.5km strike, which was beforehand solely frivolously examined with shallow air core drilling.

The company additionally re-logged bottom-of-hole drill chips from the outdated samples and located proof of minerals akin to chlorite – a common alteration product of biotite – Okay-feldspar, epidote within quartz and pyrite.

Strickland commissioned well-respected geochemist Nigel Model and seasoned geophysicist Barry Bourne to interpret the findings. Each imagine the mix of these tell-tale parts, along with the sheer scale and depth of the zone, suggests a substantial fluid stream that factors to a massive gold system.

The work of the Strickland group in defining these promising new gold corridors highlights the extraordinary potential of the Yandal ground to proceed delivering worth for the company.

Administration says it’s assured it has found a massive hydrothermal intrusive-related gold system. The world is already recognized to comprise high-grade gold, with standout drill outcomes together with 33 metres grading 3.6 grams per tonne gold from 61m depth.

Given the principle goal space has by no means been drilled, the company believes there may be a high likelihood that a lot more gold remains to be to be discovered.

The mineralisation unearthed to this point at Nightfall ‘til Dawn appears to come from a south-western splay off the main structure strikingly similar to the massive 20-million-ounce, Newmont-owned Boddington gold deposit 130 km southeast of Perth.

The project area is in a top-shelf address, 60km north of the huge 10m-ounce Jundee gold mine owned by ASX-listed gold major Northern Star Resources.

As with Boddington, Strickland’s new jap Goldfields targets sit on the sting of the Yilgarn Craton. Each tasks share the identical promising geological buildings, together with biotite-silica zones, geochemical signatures and geophysical traits.

Armed with the expertly validated findings, Strickland has instantly began drawing up plans to run a high-resolution gravity survey over the grounds.

The survey will help the company pinpoint drill gap positioning earlier than bringing within the fact detector for an initial eight-hole diamond drill program, which can present the primary true take a look at of the deeper elements of the system.

Strickland has $33.8 million in money and Northern Star Sources shares as of the top of the December quarter, placing it in a robust financial place to execute its formidable drilling marketing campaign.

The stage set is now set for what might be a transformative exploration marketing campaign this yr. Punters will probably keep a close eye on progress at Nightfall ‘til Daybreak as Strickland Metals seeks to show a extremely potential geological model into a potential monster gold discovery.

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