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How Far Does the Gold Vein Stretch? Unveiling Strickland Metals' Marwari Extension — ASX:STK| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$STK
How Far Does the Gold Vein Stretch? Unveiling Strickland Metals' Marwari Extension
Unveiling Strickland Metals' Gold Prospects: Marwari's Extension and Geophysical Discoveries Redefine Yandal Gold Project
In a thrilling development at the Horse Well prospects within the Yandal Gold Project and Rabbit Well prospect in the Earaheedy Basin, Strickland Metals Limited (ASX:STK) (Strickland) has uncovered exciting extensions and new geophysical targets.
The company's recent aircore drilling results have unearthed remarkable mineralization, extending the Marwari structure southward by 400 meters, enhancing the project's strike length to approximately 1.1 kilometers. These findings come as a result of the ongoing exploration endeavors in pursuit of valuable gold resources.
Discoveries Unfold: Aircore Results and New Geophysical Avenues
Strickland's aircore results, particularly from HWAC1746 and HWAC1747, have delivered promising outcomes, showcasing notable gold mineralization within the Marwari structure. Drilling depths revealed impressive findings such as 16 meters @ 0.5g/t Au from 32 meters and an exceptional 64 meters @ 0.3g/t Au from 16 meters, including higher-grade intervals like 8 meters
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@ 1g/t Au and 10 meters @ 1.5g/t Au. This significant extension southward has magnified the project's potential for substantial gold resources.
Additionally, the ongoing geophysical modeling has identified six potential targets proximal to Marwari and Chetak, representing significant structural corridors. These targets, showing similarities to Marwari, present enticing opportunities for further exploratory drilling in early 2024, bolstering the prospects for additional gold mineralization in the region.
Exploration Continues: Future Drilling Endeavors and Impending Assay Results
Amidst the ongoing drilling operations, Strickland is poised to initiate RC drilling at Great Western and diamond drilling at Rabbit Well in the coming weeks. These high-priority targets hold immense potential for substantial discoveries, with initial drilling scheduled before the Christmas break.
Furthermore, the Company's expanded aircore program aims to explore additional regional targets, potentially unveiling more significant mineral anomalies beyond Horse Well. With extensive drilling efforts in recent weeks, Strickland anticipates imminent assay results from the initial diamond and RC drilling at Marwari, along with further aircore assays. The imminent results are eagerly awaited, promising to unlock further insights into the project's resource potential.
An Optimistic Outlook Amidst Ongoing Exploration
As Strickland Metals progresses rapidly through its drilling programs, the Company's CEO, Andrew Bray, expressed confidence and enthusiasm about the ongoing discoveries.
The extended Marwari structure and the identification of new geophysical targets have redefined the potential of the Yandal Gold Project and Rabbit Well prospect. With assays on the horizon, Strickland remains steadfast in its commitment to uncovering the untapped riches lying beneath the surface, offering a hopeful outlook for the future of gold exploration in the region.
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L
Lykeshares
144d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
144d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
175d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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