STK 1.25% 7.9¢ strickland metals limited

Ann: Drilling Defines Large Gold Target at Marwari, page-2

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  1. 86 Posts.
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    This looks very promising:

    Additional aircore results have mapped Marwari over 700m of prospective strike

    Drilling has shown that gold mineralisation is closely associated with magnetite within a strikeextensive Banded Iron Formation (BIF)

    3D Magnetic inversion modelling has delineated a large, south plunging magnetic anomaly targetimmediately beneath the current aircore drilling

    The main target is yet to be drilled as the aircore rig was not able to penetrate far into fresh rock– an RC rig will arrive next week to commence drill testing

    The intersection in discovery hole HWAC1472: 31m @ 5.6g/t Au is the closest hole to the maingeophysical target, having intersected the margin of the outermost shell of the magnetic inversionmodel

    Proximal shallow AC holes returned 16m @ 2.3g/t Au and 8m @ 2.2g/t Au, while the most distalholes returned 60m @ 0.5g/t Au and 40m @ 0.3g/t Au on a N-S axis (see Figure 1)

    A similar look-a-like geophysical target has been identified immediately to the north of Marwari on the northern side of a major NNE fault structure (see Figure 2) named the Chetak prospect,which will be tested as part of the imminent RC program

    Strickland remains extremely well-funded after completing its sale of the Millrose gold deposit toNorthern Star Resources Ltd in July 2023 for ~$61million
 
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