Source: Strickland Metals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Strickland Metals (STK) has intercepted high-grade gold at Dusk til Dawn on the Yanda Belt in Western Australia
  • The company’s most promising results from this series of reverse circulation (RC) drilling is 33 metres at 3.6 grams per tonne (g/t) of gold from 61 metres
  • STK said the drilling results confirmed the company’s new modelling of the gold mineralisation was correct
  • The results have opened two 10 kilometre corridors with up to 20 prospective targets
  • Shares in Strickland Metals were trading steady at 7 cents a share

Strickland Metals (STK) has intercepted high-grade gold at Dusk til Dawn on the Yanda Belt in Western Australia.

The company’s most promising results from this series of reverse circulation (RC) drilling is 33 metres at 3.6 grams per tonne (g/t) of gold from 61 metres.

Additional results included 12 metres at 2.5g/t of gold within 24 metres at 1.6g/t of gold from 196 metres.

STK said the drilling results confirmed the company’s new modelling of the gold mineralisation was correct.

The results have opened two 10 kilometre corridors with up to 20 prospective targets.

This latest stage of exploration at Dusk til Dawn included 14 RC holes with a total of 3980 metres drilled.

The remaining holes will be explored in the coming fortnight with completed results expected in early 2022.

An external alteration study was conducted on the first six holes of the project and found the broad prospect included “post-peak metamorphic, potassic, hydrothermal alteration zone, with a core inner zone (gold associated) of biotite-calcic plagioclase-K feldspar quartz pyrite.”

The results concluded the core encouraged mineralisation rates congruent with the presence of gold.

“We are thrilled with the results from our first drilling at Dusk til Dawn. As mentioned in numerous previous announcements, we always had a view that the Dusk til Dawn Mineral Resource was incorrectly modelled, and these results confirm our new interpretation is correct,” CEO Andrew Bray said.

“We now have a really good handle on the geology and mineralisation, and resource remodelling will commence once the remaining four holes are received.”

Shares in Strickland Metals were trading steady at 7 cents a share at 1:27 pm AEDT.

STK by the numbers
More From The Market Online

Week 13 Wrap: Easter bunny delivers new all time high for ASX200

Another week, another all time high. The ASX200 clocked 7,901pts on Thursday for the first time…
The Market Online Video

Market Close: Green lights up on ASX for Easter hunt go

The ASX200 closed the day in record territory - nearly a per cent up with every…

Market shrugs as Fisher & Paykel announces mass recall

Fisher & Paykel has initiated a voluntary limited recall of batches of Airvo 1 and my…
The Market Online Video

Market Update: ASX glows red hot with another hit record

The ASX200 is trading up, hitting a new high of 7901 point and eclipsing the last…