Strickland kicks off subsequent section exploration of | Australian Markets
Strickland Metals has kicked off a ground gravity survey throughout its large 7.5-kilometre intrusion-related gold system on the company’s 108,900-ounce Nightfall ‘til Dawn gold camp, which is part of its wider 257,000-ounce Yandal project in Western Australia’s northeastern Goldfields.
The company has engaged Atlas Geophysics to conduct the gravity survey throughout Nightfall ‘til Dawn’s ground. The survey will permit for improved modelling of the intrusive gold system and help Strickland pinpoint drill holes for an upcoming eight-hole diamond drill program.
Strickland Metals revealed earlier this month it has recognized a important intrusion-related gold system on the camp from a mixture of geochemical, geophysical and geological evaluation.
Latest geophysical outcomes have aligned with alteration and anomalous geochemistry from historic air core drilling to supply two compelling mineralised corridors within a 7.5km strike. The historic knowledge highlights a clear geochemical zonation of gold, molybdenum, copper, bismuth and tellurium.
Administration believes the intrusive options are on the core of a hydrothermal system that’s driving the alteration and coincident mineralisation.
It says the big scale and depth of alteration recommend important fluid circulate and that gold at Nightfall is one of many second-order splays in the direction of the periphery of the system.
Strickland views the Nightfall-style mineralisation as a discrete goal within the broader Yandal project, because it possesses a totally different type of mineralisation to that found elsewhere within the project’s ground.
Two important bottom-of-hole gold trends, larger than 0.1 grams per tonne gold, span the 7.5km strike size and have solely been examined to this point with wide-spaced air core drilling.
The company collected 170 bottom-of-hole samples final week from historic air core holes and have submitted them for complete mineral evaluation and testing to find out their mineral traits. Samples have been grabbed from each the western and jap goal areas.
The survey is designed to offer increased decision modelling of the interpreted intrusive options, which Strickland believes is the crucial driver of gold mineralisation within the space. The survey is being performed on a a lot nearer 50m spacing grid in comparison with the restricted historic 200m grid spacing.
The company believes its high-conviction targets are probably analogous to Australia’s greatest producing gold operation, the imposing 20-million-ounce Boddington gold mine.
The Boddington mine, 16km from the rural farming city of Boddington and 130km southeast of Perth, produced 786,000 ounces of gold in 2023 to imagine the mantle because the nation’s premier gold producer.
Strickland can be planning to quickly reveal an up to date mineral useful resource at its close by Horse Nicely gold camp.
Each camps are half of the 257,000-ounce Yandal project and 50km from Northern Star Sources’ 10-million-ounce Jundee gold project in WA’s northeastern goldfields.
The Horse Nicely gold camp includes a 148,100-ounce useful resource unfold throughout its Palomino-Filly-Filly SW and Warmblood deposits.
A major 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, that are thought-about appropriate for open pit mining.
Further drilling was performed alongside strike and down-plunge, concentrating on depth extensions to beforehand recognized mineralisation to evaluate the potential for underground mining. All deposits stay open alongside strike and down-plunge.
Strickland performed additional drilling at a number of superior targets – Bronco, Konik and Marwari – to improve its understanding of and confidence within the mineralisation for Horse Nicely’s upcoming useful resource replace.
It has lodged a mining licence utility for the Horse Nicely camp, which it expects to progress as a precedence.
The company plans to unlock severe worth at Horse Nicely this yr and the mining licence is crucial to attaining that intention by advancing the project in the direction of development.
The company stays properly cashed-up with an enviable $33.8 million in money and ASX-listed Northern Star Sources shares on the finish of 2024.
Having two spectacular belongings beneath its belt, the growing Yandal project coupled with the gorgeous 6.69-million-ounce gold-equivalent Rogozna project in Serbia, Strickland seems to be on a path to set itself up as a main gold participant.
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