Company
ASX:STK
Strickland Metals offers a rare investment opportunity among ASX-listed resources companies, with a ~8.6Moz AuEq resource base and a strong balance sheet. The company is committed to progressing the Rogozna Project along the pathway towards development.
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The Iroquois and Bryah Basin projects will be held by a wholly-owned subsidiary of STK, to be known temporarily as DemergerCo, which will eventually be listed on the ASX.
“The results from the Wanamaker drilling will feed into an updated mineral resource, which the company plans to release to the market in first quarter 2023," said CEO Andrew Bray.
“We are now seeing a very impressive and continuous zone of oxide mineralisation, which currently extends from Wanamaker in the north to the southern portion of Millrose. The footprint of the oxide mineralisation is now over 3.2-kilometres
“The promising story at Iroquois is continuing to develop with the delineation of multiple new targets,” said CEO Andrew Bray.
The results complement the recently intersected oxide mineralisation, which extended mineralisation 350 metres north of the current mineral resource.
The company has raised $5.255 million of an intended $7 million capital raise, and will now seek to complete a shortfall placement for the remaining $1.775 million. Funds will be used to advance the flagship Millrose Gold Project, as well a
The polymetallic explorer has found more oxide gold, established a new base metals target and readied for a native title heritage survey.
“There is an important, emerging story around the intersection of increasingly impressive shallow oxide gold results. Drilling along strike from the current mineral resource has intersected a coherent zone over 350 metres to the north, with
The cash injection will support work at STK’s wholly-owned Millrose Project and continue exploration across the Iroquois zinc-lead discovery in the Earaheedy Basin.
Initial results from soil sampling have revealed the Malecite prospect, which has demonstrated elevated levels of zinc, lead, copper, silver and managanese. Strickland intends to drill test these "coherent structures and promising geochemic
The company is planning a 5,000-metre drilling campaign as a follow up to the successful 2021 program and this will begin subject to approvals and heritage clearance.
“We’d like to thank Tarlka Matuwa Piarku (Aboriginal Corporation) RNTBC (TMPAC) for their ongoing support and cooperation. Previous clearance allowed for drill testing of approximately 3.2 kilometres of the total 13 kilometres structure. We
Assays from 22 reverse circulation and 13 diamond drill holes returned strong results including 5 metres at 11.5 g/t gold from 68 metres and 65 metres at 4.4 g/t from 95 metres including 3 metres at 20.2 g/t and 3 metres at 33.5 g/t.
“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," says CEO. "Both areas represent a fantastic opportunity to
“While awaiting further assay results, Strickland continues to rapidly advance its flagship Millrose gold project,” STK CEO Andrew Bray says.
CEO Andrew Bray said: “This type of mineralisation can be very valuable in any development scenarios given it represents an opportunity for quick, upfront cash flow."
“Millrose is continuing to deliver fantastic results and, importantly, grow the mineralisation footprint,” says CEO.
"It’s fantastic to be able to release this follow up result of 25 metres at 5.1g/t gold from 82 metres. The fact this hole intersected the same primary high-grade domain 200 metres to the south gives the company further confidence that we a
Strickland says there’s growing confidence in Millrose’s potential as “a very substantial gold system”.
“Between Strickland’s discovery at Iroquois, and Rumble Resources Ltd’s fantastic success at its various discoveries, the Earaheedy Basin is shaping up as a very exciting base metal province,” says MD.
