Strickland Metals Ltd (ASX:STK) has kicked off a heritage survey focusing on key targets at its Yandal and Earaheedy projects that each offer “discovery potential” given their large scale.
The heritage survey is focused on:
- Great Western target — a potentially large-scale gold target, around five kilometres west of the recent discoveries at Horse Well, and
- Rabbit Well target — a very large base metal (copper-zinc-lead-silver) target, around 10 kilometres northeast of Horse Well in the Earaheedy Basin on the contact with the Yilgarn Craton.
Strickland CEO Andrew Bray said, “The heritage survey now underway will allow us to expand on our already highly successful 50,000-metre aircore program currently underway at Horse Well.
“With most of the key clearances already in place for Horse Well, successful completion of the survey will allow the company to test two additional high-priority prospects at Great Western and Rabbit Well.
“The targets, in combination with the ongoing Horse Well program, demonstrate Strickland’s flexibility to exploit multiple avenues to achieve significant exploration success for shareholders."
Great Western gold target
The compelling Great Western gold target is characterised by a large ‘bullseye’ magnetic feature, IP anomaly and coherent gold-molybdenum-copper-silver-sulpher-tellurium-antimony surface anomaly.
It also sits in the flexure of a regional granite body — an ideal setting for large, high-grade orogenic gold deposits, and is adjacent to a large demagnetised section of granite.
Great Western is about 5 kilometres west of the existing aircore program at Horse Well.
Rabbit Well base metals target
Rabbit Well target sits in the Earaheedy Basin, about 10 kilometres northeast of the existing drill program, on the basin margin with the Yilgarn Craton. The target is defined by a very large 2.7-kilometre-long gravity anomaly (+2 milligal) with coincident surface copper-zinc-lead-silver anomalism.
The dense gravity anomaly is interpreted to be mapping potential massive sulphide mineralisation, as increased density is a key attribute identified from petrophysical analysis of the massive sulphide drill core from the Iroquois project. The massive sulphides were also shown to have an increased IP chargeability anomaly.
Preliminary results from the IP survey are being processed and Strickland reports they are extremely encouraging to date.
Bray added, “Our primary Yandal gold exploration program is continuing at pace, with two additional rigs arriving at the project over the coming month – one RC rig arriving in the last week of October and one diamond rig arriving in the first week of November – allowing an aggressive drilling finish to the 2023 calendar year.
“These additional rigs will allow Strickland to immediately begin testing the highly exciting Marwari and Konik discoveries recently announced to the ASX, as well as undertaking initial drilling at Great Western and Rabbit Well.”