Lab tests imminent for Strickland gold samples

Strickland Metals says it has delivered samples from its archetypal 3 diamond drillholes successful Western Australia’s Yandal golden loop to the laboratory for assay, portion reverse-circulation (RC) and diamond drilling is continuing.

The institution says it expects assay results to beryllium returned successful June. All 3 holes were drilled astatine its Palamino target, with 2 of them being enactment into the existing mineral assets for structural accusation and a 3rd spread targeting mineralisation extensions.

Strickland Metals’ drill tract astatine the company’s Yandal project.

Additional ongoing enactment astatine Palamino includes an induced-polarisation (IP) geophysical survey.

Palamino’s estimated assets is 68,300 ounces of gold. It is 1 of respective targets comprising the company’s Horse Well campy that has turned retired to beryllium a highly-endowed, multi-structure, interconnected golden system, with a minimum footprint measuring 4km by 2.5km.

‘An IP unit arrived connected tract past week and commenced a 3D survey astatine Palomino.’

Strickland Metals president Anthony McClure said: An IP unit arrived connected tract past week and commenced a 3D survey astatine Palomino. Consequently, the diamond rig has moved to the Bronco imaginable portion the survey is ongoing. Several different prospects, including Bronco, volition besides beryllium taxable to IP surveys portion the unit is connected site.”

McClure said readying is besides good underway for drilling to statesman astatine the company’s Rogozna task successful Serbia, with 4 diamond rigs scheduled to get successful aboriginal June. It means Strickland volition person six rigs operating crossed its 2 flagship projects.

Phase 1 RC and diamond drilling designed to people important golden mineralisation successful the Horse Well analyzable includes the Bronco-Konik assemblage, Palomino-Clydesdale, and Marwari, with the Filly Central and Warmblood-Filly targets betwixt 1.5 and 3km to the southbound of the different groups, respectively.

Warmblood-Filly contains an estimation assets of 71,100 ounces of gold, portion Filly Central carries different 8700 ounces successful existent estimates.

Some of the diamond drilling is aimed astatine unravelling the structural controls astatine Horse Well, portion different diamond and RC enactment is directed astatine defining and gathering connected the high-quality, near-surface golden resources. The institution hopes it volition beryllium capable to rapidly grow its mineral resources successful the country by targeting superior structures and their controls and thereby show the greater imaginable of the interconnected system.

Management says 2 holes person already been drilled astatine the recently-acquired Rogozna project, astir 400km southbound of the Serbian superior of Belgrade. The project’s multi-element assets contains an estimated 2.96 cardinal ounces gold, 214,000 tonnes of copper and 364,000 tonnes of zinc for an estimated 5.44 cardinal JORC-compliant ounces of golden equivalent.

Both holes were drilled astatine Medenovac, to 590.5m and 533.9m depth, pursuing up connected previously-reported spectacular intercepts including 352m astatine 2.1 grams per tonne golden equivalent from 240m with 97.7m going 5.1g/t golden equivalent from 321m.

Strickland says it remains well-funded to beforehand its sizeable exploration effort astatine some of its flagship Yandal and Rogozna projects, with currency and Northern Star Resources shares totalling immoderate $54 cardinal arsenic astatine the extremity of the December quarter.

Is your ASX-listed institution doing thing interesting? Contact: mattbirney@bullsnbears.com.au

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