STK 0.00% 10.5¢ strickland metals limited

Not got my head around Bronco/Warmblood and Marwari yet but...

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    https://hotcopper.com.au/data/attachments/6270/6270820-d4927efd1b2019a739575e1bdcc611fe.jpg
    Not got my head around Bronco/Warmblood and Marwari yet but getting a feel for Palomino area.

    Announced inferred resource is around 60K oz Au. Zooming in and showing the location of this resource (schematically) gives an idea of what the current and probably planned drilling (to the north) could mean.

    https://hotcopper.com.au/data/attachments/6270/6270830-72a188464cfdbc3a4fb0c005ab16d2c5.jpg

    https://hotcopper.com.au/data/attachments/6270/6270867-3a8f75702c64928334924cb8871bfc19.jpg

    Palomino is comprised of at least 3 sub parallel, sub vertical mineralised zones.
    Yesterday's and previous results show there is a continuation of the shallow mineralisation to the NNW beyond the inferred resource. Sentinel imagery shows the extent of site preparation to test for extended continuity.

    https://hotcopper.com.au/data/attachments/6270/6270897-d7c2caeb3fff35f7bb25b4895bc7088a.jpg

    Shallow grades in the north are lower than the south.
    If the system continues NNW then there is a reasonable chance that the resource could increase to 100K oz or a tad more if the plunging shoots continue. Nice though not greeted with any market enthusiasm.

    =================
    Bronco and Warmblood as above no real feel for these other than being fairly typical of the HW area. Broad near surface Au in the weathered zone with structurally controlled higher grade at depth. Looks like reasonable continuity with lots of drill testing required to define relatively limited near surface resources.

    Bronco - DD gave good structural info.
    Other holes drilled below plunging higher grade domains. Never easy to follow such shoots.

    Another IP target to follow up at Konik north that could double the length of known Konik mineralisation.


 
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