Strickland launches major drilling alongside Rumble Earaheedy zinc-lead discovery
An 8,500m reverse circulation (RC) drilling program has just started on the Yandal flagship project, with emphasis on the “Dusk til Dawn” (gold) and “Iroquois” (zinc, lead) targets.
The hard-drilling explorer Strickland Metals (ASX: STK) now has two rigs on site; an aircore platform, which represents approximately two-thirds of a 15,000m extended program, and the RC platform.
The map below shows the location of the current drill programs at Iroquois, Dusk til Dawn and Horse North, with Rumble Resources (ASX: RTR) Earaheedy targets immediately along the yellow direction:
The discovery at the ‘Chinook’ prospect triggered a 320% increase in Rumble’s share price, but the explorer believes it is “just at the start of the discovery [its] climb”.
RC Drilling at Dusk til Dawn, Iroquois
RC drilling is underway, with an extension of 8,500m planned to be drilled over the next three months.
The program will focus on Dusk til Dawn (and similar regional targets), as well as the Iroquois.
At Iroquois, analyzes of the recently completed soil and rock chip sampling program show a significant lead, zinc and copper anomaly over 1,000 meters long that matches the mineralized rock chip samples. .
The mineralization has all the characteristics of a classic MVT (Mississippi Valley Type) ore deposit, Strickland says.
Previous drilling results at Dusk til Dawn are impressive and include:
- 13m @ 8.8g / t gold from 111m
- 14m @ 10.0g / t of 50m gold and 14m @ 2.6g / t of 92m gold
- 30 m at 2 g / t gold from 144 m including 12 m at 3.5 g / t gold
The company believes the mineralization is completely open at depth. The planned holes will drill “down dip” from the above results.
A study conducted in 2014 suggested that there was a potential for a very large system of mineralization at Dusk til Dawn. As a result of this interpretation, there are several similar regional gravity characteristics along the direction that draw strong parallels to the prospect.
Historic shallow drilling above these features also intersected the same external weathering assemblage, Strickland says.
Drilling is progressing “extremely well” with assays expected to arrive in the next quarter.
Aerial core drilling at Horse North
Core drilling – shifted from an initial 10,000m program to a currently planned 15,000m program – has focused primarily on the Horse North gold prospect.
It is targeting a 3 km section of the “Celia Shear” area that has already been inefficiently drill tested, Strickland said.
This is the same mineralized structure that houses the existing Horse prospecting with an inferred mineral resource of 148,100 ounces of gold.
Drilling is about two-thirds complete.
Growing the 346,000-ounce Millrose Resource
Aside from “on-the-ground” exploration, the company is also undertaking a comprehensive review of exploration potential around the Millrose mineral resource, said Managing Director Andrew Bray.
“Millrose currently hosts a 346,000 ounce mineral resource, and the company believes that substantial ounces of gold can be added to existing inventory very quickly,” he said.
“Large areas of gold mineralization were intersected only by core drilling, and these were not included in previous resource calculations.
“In addition, the existing mineralization is completely open laterally and at depth.
“The company will publish a summary of its planned programs at Millrose next week, highlighting the fantastic opportunity there to rapidly develop the resource.”
This article was developed in collaboration with Strickland, a Stockhead advertiser at the time of publication.
This article does not constitute advice on financial products. You should consider getting independent advice before making any financial decisions.