- Strickland Metals (STK) identifies a 1.3-kilometre gold trend from a 14,000-metre aircore drilling program at Horse North in WA
- Aircore drilling targeted extensions to the Celia shear zone where the anomalous gold trend is entirely hosted within
- Drilling also returned high grades including up to 6.3g/t gold
- A reverse circulation drilling program is currently being designed and planned to occur during the company’s exploration programs for 2022
- Shares are down 2.9 per cent trading at 6.7 cents
Strickland Metals (STK) has identified a 1.3-kilometre gold anomaly from its 14,000-metre aircore drilling program at Horse North within the Horse Well project in WA.
The wide-spaced aircore program targeted extensions to the Celia shear zone was was identified from magnetic and ground gravity survey data.
The newly-discovered anomaly remains open along strike and at depth and is hosted entirely within the Celia shear structure itself which the company considered to be “very significant” and holds potential to add to the Horse Well resource inventory.
Additionally, drilling intersected gold mineralisation across four-metre composite samples. Results included eight metres at 3.3 grams of gold per tonne (g/t) from 40 metres including four metres at 6.3g/t gold.
The gold intercepts are situated along strike from the existing Horse Well inferred mineral resource.
CEO Andrew Bray commented on the results.
“The aircore program achieved precisely what it was designed to do – identify gold targets of significant scale from which we can follow up with subsequent RC drilling. The 1.3-kilometre anomalous gold trend is, from a technical perspective, very significant in that it is hosted entirely within the Celia shear structure itself.”
Strickland is designing a reverse circulation drilling program for 2022 which will aim to determine the source of the mineralisation on the 1.3-kilometre gold trend and subsequently follow up other higher grade secondary structure intercepts.
Shares were down 2.9 per cent trading at 6.7 cents at 3:05 pm AEDT.