I have looked very closely at Strickland STK and today I made bought my first and for me fairly significant STK share purchase. They had $12million in cash at the end of December, 630,000oz gold resources much of which is in the higher certainty indicated category and a big programme to take it over 1million oz in underway.
The market does not seem to be putting much value on the zinc-lead-silver discovery adjoining Rumble Resources Earaheedy Basin/ Chinook discovery. Even Rumble are referring to the Strickland discovery at Iroquois in their announcements. Strickland have now discovered the higher grade feeder zones and the next drill programme should give some more high grade results over a large distance, they have 30km of strike to the south of Rumble Resources. This could well be a very large deposit and a new major base metal province for Australia.
Could be a good year for Strickland.
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