Announcement Date: 2022-10-17
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Strickland Metals Ltd.
Project name: Millrose
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 7m at 22.2g/t Au from 72m
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 flagship Millrose gold project located on the world renowned Yandal Greenstone Belt in Western Australia. The Millrose gold project lies approximately 30km due east of Northern Star Ltd’s (ASX:NST) Jundee gold operation. Management Comment Andrew Bray, Chief Executive Officer, said: “The assay result in MRRC329 is one of the most impressive assays returned to date from our flagship Millrose gold project. The oxide mineralisation we are seeing at Wanamaker is arguably more impressive than what has been historically intersected at Millrose, particularly if it continues opening up to the north. The high-grade gold is consistent across the 7m intersection. 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 3.2km long. The Wanamaker lode was discovered by Strickland during July 2022 (see announcement 7 July 2022) and subsequently confirmed by further diamond drilling (see announcement 21 September 2022). Subsequent follow-up RC drilling intersected significant oxide mineralisation (see Figure 2), which now links the Millrose Mineral Resource with the new Wanamaker lode. A number of additional assays are pending from Wanamaker, targeting both oxide and primary mineralisation.
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