Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Strickland Metals (STK) intersects further high-grade gold at its Millrose gold project in Western Australia
  • The company receives results for a further four holes — two drilled around the northern extension of the Millrose North area and two drilled around the southern extension
  • Strickland says it struck up to 3.1 g/t gold from the drilling, and the results continue to highlight the significant potential scale of Millrose
  • Due to the ongoing success in the area, a third rig will arrive in July to drill the northern and southern extensions of the existing mineralisation
  • Strickland is up 1.47 per cent, with shares trading at 6.9 cents at 11:35 am AEST

Strickland Metals (STK) has intersected further high-grade gold at its Millrose gold project in Western Australia’s Yandal Belt region.

The company has received results for four holes — two drilled around the northern extension of the Millrose North area and two drilled around the southern extension.

Results include 59 metres at 1.9 grams per tonne (g/t) gold from 141 metres, including nine metres at 3.1 g/t gold from 141 metres, and 57.1 metres at 1.3 g/t gold from 109.9 metres including 12 metres at 2.4 g/t gold from 127.4 metres.

Strickland said the continuity of the width and grade of the mineralisation highlighted the significant potential scale of Millrose.

“We’re very excited to report further impressive assays received from the diamond drilling at Millrose North,” CEO Andrew Bray said.

“The continuity of both grade and width is particularly notable, as it continues to confirm our belief that Millrose is a part of a very substantial gold system.

“Visual observations from the drilling to date suggest the gold-bearing structures remain intact to the north and south — areas which lie outside of the current resource area. Assays are expected from these areas over the coming month.”

Mineralisation at Millrose North now spans over a strike of 300 metres and remains open at depth and along strike.

Due to the ongoing success in the area, a third rig will arrive in July to drill the northern and southern extensions of the existing mineralisation.

Additionally, Strickland will undertake small regional exploration work while it waits on results from Millrose.

Strickland was up 1.47 per cent on the market with shares trading at 6.9 cents at 11:35 am AEST.

STK by the numbers
More From The Market Herald

" Empire Resources (ASX:ERL) records further multi-element mineralisation at Yuinmery, WA

Empire Resources (ASX:ERL) has intersected more multi-element mineralisation at its Yuinmery project in Western Australia.

" R3D Resources (ASX:R3D) to commence drilling in QLD this weekend

R3D Resources (ASX:R3D) is gearing up to commence a drilling program at key copper and zinc…
The Market Herald Video

" DDH1 (ASX:DDH) launches share-buy back

DDH1 (ASX:DDH) has launched an on-market share buy-back program of up to 10 per cent of…
The Market Herald Video

" Lithium Australia’s (ASX:LIT) Envirostream receives first cash rebate for B-cycle scheme

Lithium Australia's (ASX:LIT) subsidiary, Envirostream Australia has received its first cash rebate for the B-cycle scheme.