Strickland spins rods for Yandal gold hunt

The diamond rig has a follow-up booking at the Bronco-Konik prospect where the company’s previous attempt with the drill bit highlighted the potential for substantial bulk-tonnage mineralisation.

Interestingly, the Konik discovery hole that delivered 58m averaging 1.7g/t gold from only 17m downhole has since been linked up to historic drilling at the Bronco prospect, which hit thick shallow zones of 79m at 1g/t gold from 10m and a further 95m at 0.7g/t. Gold mineralisation along the Bronco-Konik trend remains tantalisingly open both along strike and at depth.

Several other targets are also scheduled for follow-up RC drilling, including the Warmblood-Filly South and Marwari prospects. Additionally, several lines of RC drilling are planned at the Great Western prospect where the company intersected significant intrusive-related geochemical signatures prospective for gold in drilling last year.

To date, Strickland has etched out a combined mineral resource estimate for the Horsewell gold camp of 2.23 million tonnes at a grade of 2.07g/t gold for 148,000 ounces. The company is aiming to increase that tally as the rigs continue to plumb the depths of the gold system.

Investors are responding favourably to the steady flow of news from the company, with the share price bouncing from 8.4c late last month to a high of 14.5c in yesterday’s trade. With two rigs spinning, market meerkats will no doubt be paying attention, with plenty more news in the company’s pipeline.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au