Source: Strickland Metals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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 Herald
Orange Minerals (ASX:OMX)- Managing Director, David Greenwood

" Orange Minerals (ASX:OMX) posts first quarterly report since listing

Orange Minerals (ASX:OMX) reports its first activities quarterly report after listing on the ASX last month.

" Meeka Gold (ASX:MEK) observes mineralisation in all Margaret lode drill holes

Meeka Gold (ASX:MEK) observes mineralisation in every drill hole completed at its Murchison gold project in…

" Black Cat Syndicate (ASX:BC8) grows Majestic resource, works approval granted

Black Cat Syndicate (ASX:BC8) has updated the JORC mineral resource for the Majestic Mining Centre, which…