An emerging heavyweight? Drilling hints at Marwari’s scale by extending gold 400m to the south

Strickland Metals aircore drilling has extended that Marwari gold discovery by 400m to the south
Drilling has also opened promising structures for future RC and diamond drill testing
Assays pending for RC and diamond drilling at Marwari

Special Report: Strickland Metals’ aircore drilling blitz has extended gold mineralisation at the Marwari discovery, which is now 1.1km long.

Cashed-up from the $61m sale of the Millrose gold project to Northern Star Resources in June, Strickland Metals (ASX:STK) has been going all out to uncover the full potential of its underexplored Horse Well gold project in the prolific Yandal greenstone belt, WA.

This led quite quickly to the discovery of the potentially significant Marwari prospect – a 350m long trend at that time – in September with hole HWAC1472 returning a 31m intersection grading 5.6 grams per tonne (g/t) gold from a down-hole depth of 70m to the end of hole.

Drill holes ending in mineralisation is always welcome by explorers and the company quickly followed it up with diamond drilling that proved that yes, there appears to be down-dip extensions to HWAC1472.

It’s looking pretty darn big

Step-out aircore drilling has now demonstrated that Marwari doesn’t just extend at depths, it also extends (at least) southwards for 400m.

Notable intersections include:

16m at 0.5g/t gold from 32m including 4m at 1.3g/t gold and 4m at 5.1g/t gold from 60m; and
64m at 0.3g/t gold from 16m including 8m at 1g/g gold and 10m at 1.5g/t gold from 92m.

STK notes that historical reverse circulation drilling in this area was drilled oblique to the main north-south orientated Marwari structure, which remains to be systematically tested.

Notably, the aircore drilling is opening up promising structures for future RC and diamond drill testing.

“Our substantial drilling programs continue to proceed at pace on site, with the first phase program at Marwari nearly complete, initial testing of Chetak underway, and expected drilling of our large-scale targets at Great Western (gold-copper-molybdenum) and Rabbit Well (copper-zinc-lead-silver) to commence next week,” chief executive officer Andrew Bray said.

“Aircore results recently received from the company’s systematic aircore program in HWAC1746 and HWAC1747 have extended the Marwari structure 400m to the south. This gives a total strike length of approximately 1.1km where significant gold mineralisation has been intersected in the regolith.

“Regional geophysical modelling is ongoing, with six look-a-like targets having been identified in major structural corridors proximal to Marwari and Chetak.

“These targets are ripe for initial drill testing early in 2024 given the geological and geophysical similarities to Marwari. It also highlights the potential of the area to further open up for additional gold mineralisation.”

Marwari prospect showing aircore assay results. Pic: Supplied (STK).

Coming activity

Bray adds that the company is now looking forward to drilling its other high priority targets – Great Western and Rabbit Well, which are also potential large-scale discoveries.

“Strickland is particularly pleased it has been able to adhere to its initially communicated schedule with both targets to be subject to initial drilling prior to the Christmas break,” he added.

“The aircore program has been further expanded to include a number of regional targets.”

STK is also awaiting assays from the initial diamond and RC drilling at Marwari, as well as further aircore assays.

 

This article was developed in collaboration with Strickland Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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