Strickland Metals (ASX:STK) reports it has intersected ‘bonanza grade’ gold oxide from 2 reverse circulation (RC) drilling at the Wanamaker Prospect, located within the Millrose Gold Project in Western Australia.
The company reports hole MRRC329 intersected 7m @ 22.2g/t Au from 72m (oxide), and hole MRRC335 intersected 2m @ 11.3g/t Au from 86m (oxide).
Strickland says these assays continue the ‘excellent’ results returned from previous proximal oxide intersections announced in August and September this year.
Previously reported intersections recorded by Strickland include 19m @ 2.4g/t Au from 117m in MRRC230D, 37m @ 1.6g/t Au from 58m including 9m @ 5.6g/t Au from 86m in MRRC228.
Hole MRCC242 intersected 24m @ 1.6g/t Au from 64m, drillhole MRRC234 found 53m @ 1.1g/t Au from 44m including 13m @ 3.3g/t Au from 84m, and hole MRCC238 intersected 12m @ 4.9g/t Au from 64m including 4m @ 13.6g/t Au from 68m.
Other intersections recorded by the company included 4m @ 2.3g/t Au from 40m in hole MRRC224, and 4m @ 1.3g/t Au from 69m in hole MRRC240.
The company reports these results collectively extend the oxide gold mineralisation 400m north of the current Millrose Mineral Resource, with a further 7 diamond holes testing below this horizon targeting the primary Wanamaker Lode.
These holes have been designed to follow-up and extend the intercept in MRRC226D (7.9m @ 7g/t Au from 138.9m), and all holes tested the primary structure with assays due by the end of November.
Strickland reports the last 9 months of drilling has expanded the oxide gold mineralisation at Millrose, which is now defined over 3.2km in length and remains open to the north.
It has also defined 3 ‘high-grade’ primary lodes in the form of Millrose Central, Millrose North and Wanamaker (south to north), with each zone displaying varying alteration and mineralisation styles.
Millrose Central is defined by hematite-carbonate-silica, Millrose North consists of silica-carbonate, and Wanamaker is defined by silica-chlorite.
Strickland says the presence of lamprophyre intrusives at Wanamaker is associated with the ‘high-grade’ gold mineralisation, and believes it could be the reason for ‘highest grade’ gold intercepts recorded to date.
The company also says the newly defined primary and extensive oxide mineralisation will feed into an updated Mineral Resource, which Strickland plans to release in early 2023.
Strickland CEO Andrew Brat said the assay result in MRRC329 is one of the most impressive assay returned to date from the company’s flagship Millrose Gold Project.
“The oxide mineralisation we are seeing at Wanamaker is arguably more impressive than what has been historically intersected at Millrose, particularly if it continues opening up to the north.
“The oxide mineralisation we are seeing at Wanamaker is arguably more impressive than what has been historically intersected at Millrose, particularly if it continues opening up to the north”
The high-grade gold is consistent across the 7m intersection. We are now seeing a very impressive and continuous zone of oxide mineralisation, which currently extends from Wanamaker in the north to the southern portion of Millrose.
The footprint of the oxide mineralisation is now over 3.2km long. The Wanamaker lode was discovered by Strickland during July 2022 and subsequently confirmed by further diamond drilling.
Subsequent follow-up RC drilling intersected significant oxide mineralisation, which now links the Millrose Mineral Resource with the new Wanamaker lode. A number of additional assays are pending from Wanamaker, targeting both oxide and primary mineralisation.”
Strickland Metals is an Australian mineral exploration company that controls over 100km of strike along the Yandal Greenstone Belt, which is largely unexplored.
The tenements contain a total gold Mineral Resource of 603,000oz Au (11.7Mt @ 1.6g/t Au). The Millrose Project lies around 30km due east of Northern Star’s (ASX:NST) Jundee Gold Operation.
The company is targeting a resource upgrade in Q1 2023, with ongoing programs planned for 2023 designed to continue growing the Millrose Project’s Mineral Resource.
The most northern part of the company’s tenement cover part of the Earaheedy Basin contact margin, where Strickland made the Iroquois Zn-Pb discovery (IQR001: 23m @ 5.5% Zn and Pb) along strike from Rumble Resource’s (ASX:RTR) Earaheedy Project.
Strickland reports it continues to advance the Iroquois discovery throughout 2022 while focusing primarily on the Millrose Project.
Images: Strickland Metals Ltd