- Strickland Metals (STK) receives a fresh batch of diamond and reverse circulation (RC) drill results from its Millrose project in WA
- RC drilling targeting the oxide zone returned high grade of up to 33.5 g/t gold over three metres and 13 g/t gold over a wider interval of 10 metres
- Further, step-out drilling has identified three new areas which are the Millrose Central, Millrose North and Millrose South prospects
- This drilling has extended mineralisation to over three kilometres in strike with only a portion of the mineralised shear being tested to date
- STK shares are trading 9.26 per cent higher at 5.9 cents at 1:06 pm AEST
Strickland Metals (STK) has announced more drill results from its Millrose gold project in Western Australia.
The company said it received a large backlog of assays with 22 reverse circulation (RC) and 13 diamond hole tails returning significant gold mineralisation.
Highlighted results include five metres at 11.5 grams per tonne (g/t) gold from 68 metres, 65 metres at 4.4 g/t gold from 95 metres including three metres at 33.5 g/t gold in MRRC140.
Strickland drilled this RC hole directly up dip from a previous high-grade intersection which extended mineralisation beneath the current mineral resource.
Additional RC results include 10 metres at 13 g/t gold from 66 metres and four metres at 9.8 g/t gold from eight metres.
“The oxide results continue to surprise to the upside both in terms of width and grade, while also contributing to a strong economic case around the development of Millrose,” CEO Andrew Bray said.
Wide-spaced step-out diamond and RC drilling also identified three new high-grade zones of mineralisation along strike at the new Millrose Central, Millrose North and Millrose South prospect areas.
Results include 46 metres at one g/t gold from 104 metres at Millrose Central, eight metres at four g/t gold from 104 metres at Millrose North, and 21 metres at one g/t gold from 86 metres at Millrose South.
Due to the 120-metre distance between the intercepts at Millrose Central, coupled with historical drill intercepts, the company said there’s “excellent potential” for a similar grade profile to that of Millrose North.
Drilling has now extended mineralisation to over three kilometres in strike, with only one quarter of the main mineralised banded iron formation-shear structure having been subject to first pass drilling.
“These sets of results demonstrate the large potential scale of the Millrose system, particularly in light of the fact we have only drilled approximately one quarter of the mineralised shear structure to date,” Mr Bray said.
The company will undertake further drilling at all three of the newly-identified prospects to outline the size and scale of the areas.
STK shares were trading 9.26 per cent higher at 5.9 cents at 1:06 pm AEST.