In June 2021, Strickland executed a series of acquisitions1, consolidating the entire NE flank of the Yandal Greenstone belt. Strickland and Northern Star are now the only two companies on this part of the belt. The hugely underexplored Tier 1 address is Strickland’s primary focus and is made up of two primary projects – The Horse Well Gold Project and the Millrose Project.
The region indicates a very substantial gold system with over 100km of strike in the Celia Shear.
The Yandal consolidation has achieved the updated resource base as noted below.
Warburton Mineral Field, Western Australia
Horse Well Gold Project
The Horse Well Gold Project is located in the Warburton Mineral Field of Western Australia and is approximately 85 kilometres northeast of the town of Wiluna.
The Horse Well Gold Project occurs in the northern most part of the Yandal/Millrose Greenstone belt that hosts a number of multi-million ounce gold projects, such as Jundee, Bronzewing, and Darlot-Centenary gold mines.
The project is only 50 kilometres north of Northern Star’s 220,000 ounce per annum Jundee Operation, with excellent regional and local infrastructure.
The Horse Well portion of the greenstone belt has only had focussed exploration along the southern part, where the Company and previous explorers have identified JORC gold resources in near surface deposits to date.
Horse Well Gold Resources
Gold resources at Horse Well currently stands at 5,722,400 tonnes @ 1.4 g/t for 257,000 ounces.
|AREA||TONNES||GRADE (G/T)||OUNCES GOLD|
|Dusk til Dawn||3,495,600||1.0||108,900|
The 100% owned project is well-mineralised and has several prospects within the 45-kilometre strike of greenstone belt.
The Big Daddy Prospect hosts a huge gold system with two significant trends (8km and 7km respectively) of gold in soil anomalies associated with the Celia Shear. Bid Daddy has multiple granite intrusives with associated gold as well as numerous in-soil gold anomalies. Big Daddy is yet to be drilled with RC drilling.
More recently, the Company has been focussing on known gold prospects and reviewing geological and resource models with a view to defining opportunities to expand Mineral Resources as well as the economic potential for development.
The Company is set to engage a major drilling program over the entire NE flank of the Yandal belt.
The Horse Prospect mineralisation is contained in sub-vertical ribbon-like structures that contain higher grade shoots that plunge at approximately 45 degrees to the north. All Horse prospects apart from Warmblood were discovered in the 1990’s, with Warmblood first drilled in 2011 by the Company.
Millrose Gold Project
The 100% owned Millrose Gold Project (subject to completion – refer to announcement) is located immediately south of Horse Well.
Millrose encompasses nine exploration licenses and one mining lease application covering over 600km2 tenement holding adjacent to STK’s Yandal East project (acquired from Renegade Resources – refer to announcement). The Project includes 30km of strive over the Celia Shear Zone, with minimal exploration for the last 15 years.
Millrose Gold Resources
|Category||Tonnes (Mt)||Grade Au (g/t)*||Contained Metals Au (oz)|
The Millrose Project has never been subject to substantial systematic exploration. Strickland has major exploration planned over the region, including 100,000m aircore drilling (360km) and 30,000m RC drilling.
The Company’s aim is to upgrade the high-grade Mineral Resource within Project and explore short-term development opportunities with the current gold prices to support trucking and toll milling, or stand-alone mining operations.