Strickland Metals has reported significant gold discoveries from its ongoing drilling operations at the Warmblood prospect within the Horse Well camp, located near Wiluna in Western Australia. The latest results have extended the high-grade mineralized plunge at the site by an additional 170 meters. A standout drill intersection recorded 7.9 meters at 9.7 grams per tonne (g/t) from 138.5 meters, including a peak grade of 22 g/t over 3.2 meters. These results have led the company to speculate that a substantial gold deposit may be emerging at Horse Well.
The recent drilling campaign has not only deepened the high-grade mineralization but also confirmed that the system remains open at depth and along strike. The deepest mineralization identified so far lies just 140 meters below the surface, with the latest drilling extending this depth by another 46 meters. This suggests the potential for Warmblood to support open-pit mining operations.
In addition to the Warmblood prospect, Strickland Metals has reported impressive results from step-out drilling at the nearby Palomino gold deposit. The drilling revealed a high-grade intercept of 10 meters at 6.9 g/t gold from a depth of 170 meters, indicating Palomino’s potential as another cornerstone deposit within the Horse Well camp.
Strickland Metals Managing Director, Paul L’Herpiniere, emphasized the significance of these findings, noting that the results are not only strong intersections on their own but also provide valuable insights into the broader geological framework of the Horse Well camp. L’Herpiniere stated that the company has made substantial progress in understanding the geology of this mineral-rich area, particularly the camp-scale controls on gold mineralization along the Horse Well antiform axis, which extends for more than 4 kilometers.
The interconnected ore-controlling structures identified in the area have bolstered the company’s confidence in the potential emergence of a large gold deposit. L’Herpiniere also highlighted that by examining the effects of deep weathering and the historical focus on shallow drilling, Strickland’s recent deeper drilling efforts have begun to uncover the true scale of the area, which had previously been largely obscured.
Strickland Metals is continuing with both diamond and reverse-circulation (RC) drilling at Warmblood to further explore the northern extents and depth potential of the deposit. This ongoing exploration is revealing a geological pattern of stacked ore-shoots, characteristic of orogenic gold deposits like Horse Well.
In addition to its Australian operations, Strickland Metals is advancing its recently-acquired Rogozna project in Serbia, which boasts a JORC-compliant mineral resource of 2.96 million ounces of gold, 200,000 tonnes of copper, and 360,000 tonnes of contained zinc. With gold prices hovering around $3,684 per ounce and reaching new highs, Strickland Metals appears well-positioned to capitalize on these favorable market conditions and expand its gold inventory.
