Strickland Metals Limited (ASX: STK) has provided an update on its Yandal Gold Project. A 2D induced polarization (IP) survey has been completed across the Great Western gold target, and results show a positive chargeability feature associated with peak magnetic anomalism.
Andrew Bray, CEO, said: “Strickland is pleased to announce the results from its 2D IP survey across the promising Great Western gold target at our Yandal Project.”
The Great Western gold target is defined by a magnetic high measuring 1.5km in diameter, a gravity low, and significant surface geochemical anomalism. The target is masked by transported cover, and no drilling has occurred within proximity of the magnetic feature. However, recent field mapping work conducted by Strickland sampled a number of proximal in-situ gossans which returned peak values of 640ppm Cu and 420ppm Mo.
Great Western represents a very compelling, large, and entirely untested gold prospect. The anomaly is interpreted to be in the flexure of a regional granite body, which is a good structural setting for large, high-grade orogenic gold deposits. It lies 5km to the west of the company’s Horse Well gold mineral resource.
“Two IP lines were completed at the Great Western prospect to define chargeable sulphide targets within an area of high Au prospectivity. Line 1 was designed to cover the peak of a broad, discrete magnetic anomaly. Line 2 was added to cover the central part of a semi-coincident gravity low feature, a further 275m to the southeast. The results from this survey have highlighted a 500m wide chargeable feature across the central portion of Line 1, that, importantly, coincides with the peak magnetic anomalism. This is a highly encouraging result given the type of mineralization being targeted.” Said Mr. Bray.
Strickland eagerly looks forward to drill testing the target upon receipt of Heritage clearance.
To find out more please visit www.stricklandmetals.com.au
To read more articles like this, please visit www.theassay.com/news
