Announcement Date: 2021-11-30
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Strickland Metals Ltd.
Project name: Horse Well
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 33m @ 3.6g/t Au from 61m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Strickland Metals Limited (ASX:STK) (Strickland or the Company) is pleased to provide an update on its exploration programs at Dusk til Dawn. Both the primary zone of mineralisation and this hangingwall zone are open at depth. Assays from the remaining holes are expected to be received before the end of the year. A full table of significant intersections is included in Appendix A of this release, with details of the drilling provided in the JORC (2012) Table 1 included in Appendix B. Updated Mineral Resource The Company has engaged consultants to begin work on remodelling the Dusk til Dawn Mineral Resource. Once the results have been received for holes 11 to 14, this information will feed into the new geological interpretation, and the Company will release an updated Mineral Resource. This is expected to be announced early in 2022. The Company believes that correctly orientating the mineralised plunge will potentially lead to a material increase in both grade and tonnage. Additionally, pending assays from holes 11 to 14 may extend the mineralisation down dip, adding further upside to the resource remodelling work.
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