Strickland Metals Limited (ASX:STK) has received further assays from its 100% owned Millrose gold project located on the north east flank of the Yandal Belt in Western Australia.
• Assays from four diamond holes received: MRDD006: 59m @ 1.9 g/t Au from 141m, including 9m @ 3.1 g/t Au 141m; MRDD005: 57.1m @ 1.3 g/t Au from 109.9m, including 12m @ 2.4 g/t Au from 127.4m; MRDD009: 25.5m @ 1.6 g/t Au from 125m; and MRDD003: 27m @ 1.7 g/t Au from 148m
“We’re very excited to report further impressive assays received from the diamond drilling at Millrose North,” CEO, Andrew Bray, said.
“The continuity of both grade and width is particularly notable, as it continues to confirm our belief that Millrose is a part of very substantial gold system. Importantly, the mineralisation remains entirely open along strike and at depth.
“Visual observations from the drilling to date suggest the gold bearing structures remain intact to the north and south; areas which lie outside of the current resource area. Assays are expected from these areas over the coming month. As a general observation, grade appears to be increasing with depth.
“The higher-grade intercept, previously reported in MRDD008 (8.1m @ 14.6 g/t Au from 216m, the deepest intersection to date), is interpreted to plunge just below the zone of mineralisation from diamond hole MRDD006. Structural lineation measurements from the drill core suggest a northerly plunge of around 20 degrees. Further drilling is required to map this zone of high-grade mineralisation downplunge.
“Also of particular importance is the ongoing robustness of our geological model, which is again confirmed by these results. Across the project area the previously identified BIF unit, which is clearly visible in historic magnetic surveys, continues to be a critical marker horizon for the gold mineralisation.
“A magnetic survey is currently underway to provide greater definition of this unit, which will allow for more accurate drill target testing of the 13km main mineralised shear structure along strike. We’re very excited to receive further assays from the Millrose central and northern extensional drilling (both outside of the current mineral resource area) in the coming month. Both areas represent a fantastic opportunity to substantially grow the mineralisation footprint.”
Two assays were received from the diamond drilling around the northern extension area of Millrose North: MRDD006: 59m @ 1.9 g/t Au from 141m, including 9m @ 3.1 g/t Au 141m; MRDD005: 57.1m @ 1.3 g/t Au from 109.9m, including 12m @ 2.4 g/t Au from 127.4m
Both holes were drilled on a section 50m to the north of the previously reported holes MRDD001 (35.1m @ 1.9 g/t Au from 136m) and MRDD002 (18.9m @ 1.3 g/t Au from 193.2m), and 50m to the south of MRRC099 (54m @ 1.8 g/t Au from 130m, including 23m @ 2.4g/t Au).
The impressive continuity of both width and grade demonstrates the potential scale of the gold system at Millrose.
Expansion of Drilling Programme
The company has secured a third rig to arrive during July 2022. This RC rig will focus on drilling the northern and southern extensions to the existing Millrose gold mineralisation. It also offers the Company the flexibility to conduct small regional exploration programs while awaiting gold assays from Millrose, including to potentially follow up the Zn-Pb mineralisation at Iroquois as well as the surrounding areas at Dusk til Dawn.
For further information please visit: https://www.stricklandmetals.com.au/