- Strickland Metals (STK) encounters further gold mineralisation from drilling at its Dusk til Dawn prospect in Western Australia
- Drill results from the final four holes drilled include peak grades of just over three grams per tonne gold
- Work is also continuing regarding the remodelling of the Dusk til Dawn mineral resource and Strickland believes it has the potential to increase tonnage and grade
- The updated mineral resource estimate is expected to be released in early February
- STK shares are 2.9 per cent lower at 6.7 cents
Strickland Metals (STK) has intersected further gold mineralisation from reverse circulation (RC) drilling at the Dusk til Dawn prospect at its Horse Well gold project in Western Australia.
The latest drill results came from the balance of the Dusk til Dawn program completed last month.
Better assays from the final four RC holes included 10 metres grading 3.1 grams per tonne gold from 314 metres and 11 metres at two g/t from 249 metres that contained a five-metre section at 3.2 g/t.
The company said the recent drilling data supported its new interpretation of the mineralised plunge at Dusk til Dawn.
“The drilling has confirmed the company’s reinterpretation of the mineralisation at the prospect, with all holes intersecting the targeted zones where predicted,” CEO Andrew Bray said.
Work was also continuing on the remodelling of the Dusk til Dawn mineral resource, which currently stood at an estimated 3,495,600 tonnes at one g/t gold for 108,900 ounces of contained gold.
Strickland said it believed correctly orientating the mineralised plunge would culminate in a material increase in the tonnage and grade of the Dusk til Dawn mineral resource.
The revised mineral resource estimate was expected to be announced next month, the company said.
STK shares were down 2.90 per cent to 6.7 cents at 12:17 pm AEDT.