Strickland Metals Ltd (ASX:STK) welcomes the latest assays from its 100% owned Millrose gold project, on the north-east flank of the Yandal Belt, which reveal wide, high-grade gold.
Results from four diamond holes tell the story:
- MRDD006 – 59 metres @ 1.9 g/t gold from 141 metres, including 9 metres @ 3.1 g/t gold from 141 metres;
- MRDD005 – 57.1 metres @ 1.3 g/t Au from 109.9m, including 12 metres @ 2.4 g/t gold from 127.4 metres;
- MRDD009 – 25.5 metres @ 1.6 g/t gold from 125 metres; and
- MRDD003 – 27 metres @ 1.7 g/t gold from 148 metres
The grades in MRDD005 and MRDD006 are of a higher tenor than expected given proximal historical intersections.
Strengthened geological understanding
The company continues to strengthen its geological understanding of the gold system. Higher-grade mineralisation is associated with a talc chlorite schist and silica-carbonate flooded mylonite, with the highest grades associated with brecciated units within the mylonite.
Mineralisation at Millrose North is now defined over 300 metres of strike, within the broader 13-kilometre structure, and entirely open at depth and along strike.
Importantly, results continue to demonstrate significant grades and widths, suggesting Millrose is part of a very large gold system.
With this “ongoing significant success” firmly in mind, the company plans to expand its drilling endeavours.
A magnetic survey is currently underway to provide greater definition of the unit, which will allow for more accurate drill target testing of the 13-kilometre main mineralised shear structure along strike.
"Impressive assays"
“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.
“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.”