Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Strickland Metals Ltd (ASX:STK).
It has announced progress in exploration at the Horse Well Gold Camp, part of the Yandal Gold Project in Western Australia. Recent drilling has identified high-grade plunging shoots and extended mineralisation along strike and at depth.
At the Bronco Gold Deposit, drilling revealed two high-grade zones, with key results including 18.5 metres at 1.7 g/t and 16 metres at 1.2 g/t gold. The bulk-tonnage potential of Bronco was further supported by an interval of 62.3 metres at 0.9 g/t, including 3.1 metres at 3.0 g/t from 114 metres.
At the Marwari Deposit, high-grade mineralisation was confirmed with 12 metres at 5.4 g/t. Step-out drilling extended the strike length by 260 metres, with a significant result of 28 metres at 1.0 g/t.
The company’s latest assays contribute to a growing picture of a large-scale gold system at Horse Well. Strickland Metals is working on an updated mineral resource estimate, expected in the second quarter of 2025.