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Highlights
- Strickland Metals Ltd continues expanding Horse Well Gold Camp with new drilling results.
- High-grade gold shoots identified at Bronco and extended mineralisation at Marwari deposits.
- Results to contribute to an updated resource estimate expected in 2025.
Strickland Metals Ltd (ASX:STK) is making significant strides at its Horse Well Gold Camp, part of the Yandal Gold Project in Western Australia, with new drilling results extending high-grade mineralisation at key deposits. The latest step-out drilling has revealed promising extensions of gold systems, further building the camp's growth potential.
At the Bronco deposit, Strickland Metals identified high-grade gold shoots within the broader shear zone, including a highlight of 3.2 metres at 8 g/t gold from a depth of 81 metres. This discovery reinforces the potential of Bronco to support a bulk-tonnage mining operation, as the deposit has consistently returned significant gold intersections. Notably, drilling results from Bronco include 62.3 metres at 0.9 g/t gold from 114 metres, with narrower high-grade intervals such as 3.1 metres at 3 g/t gold.
Meanwhile, the Marwari deposit is showing impressive growth, with Strickland confirming that the gold system extends 260 metres further along strike to the north than previously understood. The Marwari Trend now stretches over 1.6 kilometres in length, and much of this area remains untested by drilling, offering considerable exploration upside. Recent results from Marwari include 12 metres at 5.4 g/t gold from 109 metres, including 4 metres at 8.4 g/t.
Strickland Metals has completed approximately 20,000 metres of reverse circulation (RC) and diamond drilling at Horse Well during 2024, focusing on refining the interpretation of the mineralised lodes at both Bronco and Marwari. With drilling now concluded within the limits of current heritage clearances, the company will shift its attention to updating its mineral resource estimate (MRE), slated for completion in 2025.
Managing Director Paul L’Herpiniere highlighted the potential of the camp-scale gold system, noting that these results continue to support the growth prospects of the Yandal Gold Project. L’Herpiniere also pointed out that the company is preparing for the next phase of drilling in early 2025, with a further 20,000 metres of drilling planned to drive resource growth.
At the Konik Lode, another area of the Horse Well Gold Camp, Strickland extended mineralisation by 100 metres along strike, returning results such as 16 metres at 1.2 g/t gold from 146 metres, including 3 metres at 4.6 g/t gold. These results continue to reinforce the broader potential of the project as a key growth asset within Western Australia’s renowned gold mining region.
The ongoing exploration work at Horse Well is expected to contribute to a substantial resource upgrade in the coming years. As Strickland Metals advances its exploration and drilling activities, the company is well-positioned to capitalize on the growing potential of this gold camp.
