STK 2.33% 8.4¢ strickland metals limited

Ann: Significant High Grade Intercept Unlocks 1.4KM Gold Trend, page-20

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  1. 3,142 Posts.
    lightbulb Created with Sketch. 8709
    Reply to Monysaves.

    Ideas, some actual data and speculations DYOR

    Taking awhile to digest the data. On first pass looks OK (probably positive without the very IMO) with some possible skeletons tucked away. The latter are to be expected from drill programs given the consistency of mineralisation seldom matches up to high hopes. Occasionally better.

    Both Palomino and Warmblood long sections look promising.
    IMO Warmblood is better being more consistent and obviously open down plunge. Intersections are OK for width though longer would be better.

    Palomino
    Comparing an earlier long section with the recent one shows that the upper levels are expanded though closed off to the NW. Plunging shoot vaguely defineded by hole 25 and AHWR010

    https://hotcopper.com.au/data/attachments/6433/6433315-6bdd17f0d0a9cc60505eed7c57e1d1b7.jpg
    Not easy to get hole numbers correct. DYOR and cross reference with assays which appear to follow the updated colour coding for gmtrs IMO

    https://hotcopper.com.au/data/attachments/6433/6433325-d7c2caeb3fff35f7bb25b4895bc7088a.jpg

    Plan view of recent holes (magenta circles)

    https://hotcopper.com.au/data/attachments/6433/6433358-e2d92726089cc8a07274f2d67072a7ed.jpg

    Detail on north end of Palomino and 3 holes drilled IP anomaly to N - all NSA.

    https://hotcopper.com.au/data/attachments/6433/6433512-d27065d1d49f8685e854a127bee88a8d.jpg


    =================

    Plan view of Warmblood area.

    https://hotcopper.com.au/data/attachments/6433/6433532-c891da7fabcd386e8e8aa6dd33312351.jpg

    Mix of reported holes (magenta circles green labels) and Sentinel interp (stars - red recent, magenta previous but not reported yet.)
    Two diamond holes, 28 and 29, were reported with 29 adding(?) some strike extent to the south.

    Somewhat surprised by the NW activity which almost joins Warmblood to the Bronco/Konik area.
    Warmblood was discovered some 10 years ago and has been an on/off exploration target ever since. One idea I have is to see how drilling at Palomino and Warmblood compare to the exploration of Millrose and see if there is any similar potential.

    Assay lab pumped out a lot of results since the recent GM.

    Sentinel for Warmblood north.
    Red fairly likely drilled, yellow dodgy or pre last pass.

    https://hotcopper.com.au/data/attachments/6433/6433594-3d4db6f63a745a0d53471c96d90c4cf3.jpg
    Time Lapse with cloud cover in between.

    https://hotcopper.com.au/data/attachments/6433/6433590-fda11fea1ac0f4e880fddde33ea3b7a3.jpg

    ================
    While not earth shattering the results reported in the announcement were solid IMO.
    Unlikely to have caused a 20-25% decline in SP so something else is going on.

    Serbian protests are a potential reason. Fueled, in part, by a report of Li and Boron +? contamination from drilling at Jadar. Apparently the report may not be well written according to the totally unbiased Rio scientists. Can't really comment but there does appear to be a lack of baseline data which IMO could easily cause invalid conclusions. A simple look at boron occurrences in Serbia and down through to Turkiye suggests that there will be local natural hot spots that need to be factored in.

    Infini Resources recently pulled 7% U3O8 from surface in Newfoundland. Anecdotally I heard of a water sample taken in south central BC with 1000+ppb(?m) U. Someone's water source for farming or household.?
    Geochem in Serbia and Yandal are used to find targets and often include arsenic. Baseline data....

    Some ideas given above in this thread as well. I would observe that STK has had a fairly volatile share price since I have been following it. Sometimes for obvious reasons. Hindsight may give an idea ....

 
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