Strickland launches 2025 exploration at promising Dusk ’til Dawn gold targets

Strickland Metals has embarked on an ambitious exploration programme for 2025 at the Yandal Gold Project, marking a significant milestone in its efforts to unlock the potential of one of Western Australia’s most promising gold districts. Leveraging a robust cash position of $33.8 million alongside Northern Star shares, the company is now deploying a high-resolution ground gravity survey at the newly identified Dusk ’til Dawn Intrusion Related Gold (IRG) targets. This modern approach signifies a considerable step forward from past initiatives, as the survey’s tighter 50-metre spacing grid refines the understanding of the region’s gold system dramatically.

How Does the New Gravity Survey Enhance Exploration?

The newly initiated gravity survey represents not merely an upgrade in technique but an evolution in geological understanding. Traditional surveys with a 200-metre grid spacing have provided a baseline view of the mineralising systems, but the current high-resolution method offers a more detailed picture. By utilising the tighter grid, Strickland Metals anticipates a clearer mapping of intrusive features that are interpreted as key drivers behind the gold mineralisation.

The Technical Director at the company, Richard Pugh, was unequivocal in his optimism when he stated, “We have expedited commencement of the gravity survey in order to kick off our 2025 exploration programmes at the Yandal gold project and bring forward the planned drilling of Dusk ’til Dawn.”

The gravity survey is designed to target two distinct Intrusion Related Gold trends that are enriched with elements such as molybdenum, copper, bismuth, and tellurium. Spanning nearly 7.5 kilometres of strike length, these trends overlay deeper, lower gravity units which Strickland interprets as the intrusive cores of a larger hydrothermal system. This dual focus on both geophysical and geochemical datasets ensures that each target area is not only accurately mapped but fully characterised, potentially leading to significant discovery advancement.

What Role Does Geochemical Analysis Play?

In parallel with high-resolution geophysical surveys, Strickland Metals has enhanced its exploration programme by integrating comprehensive geochemical analyses. The company has collected 170 bottom-of-hole samples from historic aircore drilling campaigns across both the Western and Eastern target areas. These samples are currently being examined by ALS in Perth, employing a suite of analytical techniques including:

• • Comprehensive mineral characterisation

• • Fourier Transform Infrared (FTIR) analysis

• • TerraSpec scanning and interpretation

This multi-faceted geochemical approach aims to delineate alteration intensity and spatial patterns across the prospective targets. By synthesising these datasets, Strickland is building robust, coincident targets that form the basis for its planned eight-hole diamond drilling programme at Dusk ’til Dawn. This synergy between geophysics and geochemistry not only refines the exploration model but also bolsters confidence in the geological interpretation of the area.

Why Are Intrusion Related Gold Systems so Significant?

Intrusion Related Gold (IRG) deposits represent a unique class of mineral systems where the economic gold mineralisation is closely linked to intrusive igneous events. Strickland Metals’ Dusk ’til Dawn targets are being directly compared with iconic deposits such as the Boddington Gold Deposit, which boasts over 20 million ounces of gold. IRG systems are known for their clear geophysical signatures and distinct alteration zonations. Their formation involves magmatic intrusions that inject mineralising fluids into surrounding rock formations, subsequently leading to:

1. 1. Metal associations that characterise elements like bismuth, molybdenum, copper, tellurium, and gold,

1. 1. Zonation of hydrothermal alteration minerals,

1. 1. Consistent geophysical signatures, particularly in gravity surveys where lower density intrusives create notable gravity lows,

1. 1. Significant scale potential, evidenced by the ability of these systems to host extensive and economically viable mineral reserves.

Through a combination of high-resolution gravity data and detailed geochemical studies, Strickland Metals is not only refining its target definitions but also reinforcing a methodical, best-practice approach to modern exploration.

What Are the Expected Outcomes of the Horse Well Resource Update?

A pivotal aspect of Strickland Metals’ overall strategy is the forthcoming resource update for the Horse Well Gold Camp, scheduled for early April 2025. This update follows extensive RC and diamond drilling programmes completed throughout 2024. The drilling campaigns have focused on several strategic objectives:

• • Delineating high-value, shallow oxide material suitable for open-pit mining at the Palomino and Warmblood deposits,

• • Exploring extensions along strike and down-plunge to assess the potential for underground mining operations,

• • Advancing exploratory drilling at promising targets, including Bronco, Konik, and Marwari.

Currently, the resource inventory stands at 5.72 million tonnes graded at 1.4 g/t gold, which equates to approximately 257,000 ounces distributed across multiple deposits:

• • Palomino: 930,400 tonnes at 2.3 g/t for 68,300 ounces

• • Filly SW: 302,400 tonnes at 1.8 g/t for 17,200 ounces

• • Filly: 206,000 tonnes at 1.3 g/t for 8,700 ounces

• • Warmblood: 788,000 tonnes at 2.1 g/t for 53,900 ounces

• • Dusk ’til Dawn: 3,495,600 tonnes at 1.0 g/t for 108,900 ounces

The expectation is that the upcoming resource update will not only reaffirm these figures but potentially expand them as the recent drilling results are incorporated, thereby strengthening the investment case for all projects across the Yandal Gold Project.

How Does Strickland Metals Position Itself for Future Growth?

Strickland Metals has laid out a clear and systematic exploration strategy that underpins its potential for significant long-term growth. Several factors contribute to its compelling case as an attractive investment:

1. 1. Strong financial stability with a treasury of $33.8 million and backing from Northern Star shares,

1. 1. A systematic, multi-disciplinary exploration approach that integrates high-resolution geophysics and comprehensive geochemistry,

1. 1. Substantial existing resource bases which provide a solid foundation for future expansion,

1. 1. A clear pathway to upscale mining operations through both open-pit and underground mining avenues,

1. 1. Timely catalysts including the forthcoming Horse Well resource update and ongoing drilling programmes that could lead to major discoveries.

With multiple work streams advancing concurrently and an exploration strategy that leverages both modern and traditional geological techniques, Strickland Metals is well-positioned to unlock significant shareholder value.

What Can Investors Anticipate in the Near Future?

Investors in Strickland Metals have much to look forward to. In addition to the anticipated resource update at Horse Well, the company has scheduled an investor and shareholder webinar on 20 March 2025. During the webinar, Technical Director Richard Pugh will offer deeper insights into the strategic rationale behind the Dusk ’til Dawn IRG targets. This direct communication channel not only reinforces the company’s commitment to transparency but also provides the market with an opportunity to understand the technical nuances underpinning the exploration campaigns.

Key points investors can expect to be covered include:

• • Detailed progress on the gravity and geochemical surveys at Dusk ’til Dawn,

• • Discussion on the strategic significance of linking geophysical data with geochemical signatures,

• • An update on the revised resource inventory following recent drilling outcomes,

• • Insights into future drilling plans and exploration targets across the Yandal Gold Project.

Each of these updates is expected to contribute to a stronger understanding of the project’s overall potential and provide clearer timelines for achieving various exploration milestones.

In summary, Strickland Metals’ holistic and methodical approach to exploration at the Yandal Gold Project underscores its ambition to become a major player in the gold mining sector. By integrating state-of-the-art exploration techniques with detailed resource mapping, the company is not only refining its geological models but also maximising the potential for significant discovery. With a healthy balance sheet, a robust technical team, and multiple exploration catalysts in the pipeline, Strickland Metals is well-prepared to deliver enhanced shareholder value as it moves deeper into 2025.

Want to Be Part of Strickland’s Golden Future?

Discover how Strickland Metals is transforming Western Australia’s Yandal Gold Project with its innovative exploration techniques and solid financial foundation. With $33.8 million in the treasury and advanced gravity surveys targeting Intrusion Related Gold systems comparable to the 20-million-ounce Boddington deposit, now is the time to explore this compelling investment opportunity. Visit Strickland Metals’ website to learn more about their strategic approach and position yourself for potential growth as they advance toward their resource update in early April 2025.