As extensional drilling at Strickland Metals’ cornerstone Millrose deposit continues to deliver shallow high-grade gold the company is gearing up for further work at its gold and base metal projects 70km east of Wiluna in WA’s Mid West region.
The latest shallow gold drill results coming out of Millrose 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.
The company is currently underway with an extensive RC drill campaign at Millrose to systematically map out a key 13km-long shear structure to the north and south of the existing resource.
Once the task has been completed Strickland plans to sink further infill drill holes at its Millrose Central and North resources as the company looks to incorporate its recently discovered zones of shallow gold.
Given the current rate of drilling, Strickland believes it will chew through the rest of the planned metres within two weeks.
Strickland expects the first batch of assays from the systematic RC campaign to start flowing later this month.
In addition, the company is also awaiting results from recent diamond drill holes targeting a zone beneath a previously reported intercept of 8.1m going 14.6 g/t gold from 215m.
Strickland Metals Chief Executive Officer, Andrew Bray said: “The oxide results we continue to receive from Millrose – which lie outside of the current Mineral Resource – demonstrate the potential for Strickland to significantly grow its Mineral Resource inventory, while potentially enhancing the economic case around the development of Milllrose.”
Outside of Millrose, Strickland plans to kick off a native title heritage survey in early October to permit drilling at the company’s Iroquois base metal project and newly identified Baxter’s prospect.
Iroquois lies just 65km north-west of Millrose along the margin of the Earaheedy basin and notably adjoins the tenement containing Rumble Resources’ Chinook zinc-lead discovery of 2021.
On the other hand Baxter’s was recently unveiled sitting 16km south-west of Millrose after reprocessing of historical ground-based electromagnetic data highlighted a well-constrained conductor.
The conductor is currently modelled to a dimension of 375m long by 330m deep and coincides with a 500m long coherent copper-lead-zinc anomaly defined by a portable-XRF-based historical soil program.
Encouragingly, the predicted surface expression of Baxter’s has revealed a strong gossanous outcrop with significant base metal geochemical anomalism.
Samples of the outcropping gossan returned portable-XRF readings of 0.11 per cent copper, 0.1 per cent zinc, 130 parts per million lead and 0.11 per cent barium.
Management says the new target has all the classic hallmarks a ‘Besshi-type’ volcanogenic massive sulphide deposit — typically a copper rich type of deposit.
Drill target testing at both Iroquois and Baxter’s is planned to kick off in late October or early November.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
By Matt Birney
