Diamond drilling north of Strickland Metals’ Millrose deposit near Wiluna has confirmed the presence of a new high-grade gold lode with plans underway to test for extensions to the north and at depth.
The company says the new Wanamaker discovery was confirmed with an intercept 40m down dip from a previous intersection initially uncovered in July.
The latest assay result shows a 7.9m hit at a solid 7 grams per tonne gold from 138.9m that follows the discovery assay result of an 8m intercept going 4 g/t gold from 104m.
Strickland says the lode at Wanamaker remains open to the north and complements recently announced oxide mineralisation that connects the new deposit to the Millrose mineral resource that sits around 250m to the south.
Drilling is planned to target both further fresh rock mineralisation along strike in addition to shallow oxide mineralisation
Strickland Metals Chief Executive Officer, Andrew Bray said: “When drilling commenced nearly seven months ago, we set out with four clear goals: increase confidence in the existing Millrose resource; make further discoveries along strike from the known mineralisation; extend mineralisation at depth; and target further shallow oxide mineralisation. On all four counts, Strickland has met or exceeded expectations.”
The Millrose project forms part of the company’s broader Yandal gold project and is within the northern reaches of the region’s Archean-age Yandal greenstone belt.
The company picked up Millrose last year with an indicated and inferred mineral resource estimate of six million tonnes grading at an average 1.8 g/t for 346,000 ounces of contained gold.
The site is about 30km east of Northern Star Resources’ 10-million-ounce-plus Jundee gold operation and adjoins the former Renegade Exploration tenement package that Strickland also picked up last year.
The new discovery continues a great run of drill results for the company with a number of solid gold hits intersecting oxide mineralisation outside the main Millrose deposit. These results include 28m at 3.7 grams per tonne gold from 54m containing a high-grade hit of 6m at 12.1 g/t.
Another hole 1.3km to the north scored 24m at 1.6 g/t gold from 64m with both intercepts yet to be included in the existing 346,000-ounce gold resource.
With the additional potential of the Wanamaker discovery added to the Millrose deposit, Strickland could be looking at a significant resource upgrade by the start of the new year.
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By Matt Birney
