Strickland Metals Ltd (ASX:STK) will commence diamond drilling at the 100%-owned Horse Well prospect within its Yandal Gold Project in Western Australia over the weekend to further investigate a large gold target at the Marwari discovery.
The exploration company said last week a 3D magnetic modelling detected a south-plunging anomaly more than 700 metres long at the discovery.
Year-end ramp-up
“Our drilling programs are beginning to ramp up for the final months of calendar year 2023,” Strickland Metals chief executive officer Andrew Bray said.
“By the end of next week, the company will have three rigs (aircore, reverse circulation and diamond) testing high-priority targets at our Yandal gold project for the balance of the year.
“The first priority for the diamond rig will be to test the main structure at Marwari.
“As announced on 19 October, Strickland believes it clipped the outer edge of a substantial, concealed gold deposit during first pass initial aircore drilling in HWAC1472 (which returned) 31 metres at 5.6 g/t gold.
“Subsequent drilling and modelling have defined a more than 700-metre long strike, with the primary target yet to have been drill tested.
“In addition to anticipated mineralisation, the geological and structural information obtained from this initial drilling will assist to refine subsequent drilling.”
Marwari cross section with first two planned diamond holes.
The company is awaiting the receipt of a heritage survey report before commencing line clearances at the Great Western and Rabbit Well gold targets.
This will be followed by reverse circulation drilling once the rig arrives and clearances are completed.
“Strickland remains very excited for a strong finish to the year, particularly given the number of very high quality targets and prospects we will be drilling over the next couple of months,” Bray added.
The ASX-listed explorer remains well-funded after completing the sale of its Millrose gold deposit to Northern Star Resources Ltd (ASX:ASX:NST) in July for about $61 million.