Strickland Metals Ltd (ASX:STK) is eager to begin drilling at the Great Western prospect within its Yandal Gold Project in Western Australia after a 2D induced polarisation (IP) survey across the target showed a 500 metre wide chargeable feature.
The Great Western is a potentially large and entirely untested mineral system about 5 kilometres to the west of the company’s Horse Well gold resource.
The target is a 2.4 kilometre-long anomaly defined by a magnetic high measuring 1.5 kilometres in diameter, a gravity low, and significant surface geochemical anomalism.
A sampling of a number of gossanous rock chips adjacent to the target returned peak values of 640 parts per million (ppm) copper and 420 ppm molybdenum.
Chargeability results from IP Line 1 across Great Western.
Encouraged
“Two IP lines were completed at the Great Western prospect to define chargeable sulphide targets within an area of high gold prospectivity,” Strickland chief executive officer Andrew Bray said.
“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 275 metres to the southeast.
“The results from this survey have highlighted a 500 metre 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 mineralisation being targeted.”
IP chargeability results across Line 1 in relation to the surface geochemical anomalism and coincident magnetic anomaly.
October drill date
This Great Western prospect is interpreted to lie in the flexure of a regional granite body, which is an ideal structural setting for large, high-grade, orogenic gold deposits.
Strickland intends to begin drilling in October as soon as the results of the heritage survey, scheduled to begin on October 9, is received.
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