Strickland Metals (ASX:STK) is planning to begin ‘major’ drilling programs at the end of the March 2024 quarter at its Earaheedy and Yandal projects in Western Australia.
The $165.98 million market capitalisation company says planning for the programs is ongoing, and drilling will begin once weather conditions have improved.
A reverse circulation (RC) drill rig arrived at the Rabbit Well prospect over the weekend and has already commenced an immediate 6,000m drilling program.
Due to the wet season, the company anticipates intermittent pauses to the RC drilling.
Strickland notes that this drilling will focus on Rabbit Well while the company awaits the balance of assays from the Marwari area as well as outstanding assays from Great Western, Chetak, and the remainder of an aircore program completed in late December 2023.
Strickland Chief Executive Officer (CEO) Andrew Bray says drilling at Rabbit Well has been designed to map out mineralisation and geology in preparation for follow-up diamond drilling.
“There is a significant list of targets that require RC drilling at both our Yandal and Earaheedy projects, with the current rig expected to start working systematically through these prospects.
As assays are progressively received, the company will have the flexibility to redirect the rig to other prospect areas as required. A number of prospects identified from the aircore drilling in 2023 may also be followed up by this initial RC drilling prior to the main program getting underway after the wet season.
Heritage monitors were on site last week and a large number of drill pads have been cleared in preparation for drilling commencement.”
“There is a significant list of targets that require RC drilling at both our Yandal and Earaheedy projects, with the current rig expected to start working systematically through these prospects”
Strickland Metals is a Western Australia-focused mineral explorer with 3 projects prospective for gold, silver, zinc, lead, and copper.
As of 30 September 2023, the company had $37.353 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Strickland Metals
