Strickland Metals (ASX: STK) reports the discovery of a new ‘Malecite’ prospect following geochemical and geophysical activities at its Earaheedy Project in Western Australia.
The Earaheedy Zinc-Lead Project includes the Iroquois Prospect and is a joint venture between Strickland (80%) and Gibb River Diamonds (ASX:GIB) (20% free-carried to Bankable Feasibility Study).
The recently received rock chip samples from outcropping gossan at the new Malecite prospect returned peak results of 7.3% Pb, 0.5% Cu, 4.8g/t Ag, 0.4% Zn, and 25% Mn.
Strickland reports that the trial Induced Polarisation (IP) survey over Malecite has highlighted a 400m wide coincident chargeability and gravity anomaly below the outcropping gossan, that is also yet to be drill tested.
With results from rock chip sampling returned, Strickland announces that it will move forward with upcoming drilling operations while it waits for further assays from its flagship Millrose Gold Project, which are expected within the next three weeks.
The upcoming drilling campaign is set to commence upon receipt of native title heritage clearance.
Speaking on the results, Strickland Chief Executive Officer Andrew Bray said: “A very exciting story is continuing to unfold at our Earaheedy project.
“A very exciting story is continuing to unfold at our Earaheedy project”
Strickland has continued to steadily advance the project while undertaking substantial drill programs at its flagship Millrose gold project. Further soil sampling, rock chip sampling and geophysics work has occurred at the Earaheedy project in recent weeks and months.
After promising initial results from a soil sampling program subsequent geological mapping has identified outcropping base metal gossan. Results from this confirm that the Zn and Pb is associated with Cu, Sb, Cd, Ag and Bi, typical of basin base metal mineralisation. This new prospect has been named Malecite.
Subsequent IP surveying was undertaken during the last fortnight, which has highlighted chargeability anomalies associated with both Iroquois and Malecite, as well as the feeder structures to the mineralisation.
These coherent structures and promising geochemical anomalies will all be drill tested following native title heritage clearance.”
The Earaheedy Project is located within the Earaheedy Basin of Western Australia and is situated near the company’s Iroquois Project.
The presence of these projects suggest that the Earaheedy Basin margin is emerging as a new ‘significant’ mineralised province that is highly prospective for zinc-lead discoveries, with Strickland owning about 30km of strike.
Images: Strickland Metals Ltd
