Strickland Expands Gravity Survey to Target Intrusion Related Gold at Yandal
Strickland Metals (ASX: STK) has expanded its high-resolution ground gravity survey at the Strickland Metals Yandal gold project in Western Australia, now covering 19km of strike length to identify additional Intrusion Related Gold (IRG) targets. This expansion builds on the company's recent discovery at the Dusk 'til Dawn Gold Camp and represents a significant step in their systematic exploration approach.
Key Strategic Expansion of Intrusion Related Gold Target Area
Strickland has completed its original high-resolution ground gravity survey at Dusk 'til Dawn and expanded it southward to include potential additional IRG targets. This expanded survey now stretches across 19km of strike from Dusk 'til Dawn to an area immediately north of the Horse Well resource area.
The extension follows the company's identification of geophysically similar areas with low-density anomalism coupled with historic gold assays – a signature that mirrors what they've seen at their successful Dusk 'til Dawn site.
Executive Technical Director Richard Pugh emphasised the significance of this expanded survey: "Since the discovery of IRG mineralisation at the Dusk 'til Dawn Gold Camp, Strickland has been assessing the potential for additional IRG look-alike targets within its Yandal portfolio. The result of this work has highlighted an area immediately north of the Horse Well resource area which looks geophysically similar with respect to its low-density anomalism coupled with historic gold assays."
Milestone Achievements
The company has hit several important milestones:
- Completion of high-resolution ground gravity survey at Dusk 'til Dawn
- Expansion of survey to cover additional 9km of strike with similar geophysical characteristics
- Successful application for co-funded exploration drilling at Dusk 'til Dawn through WA Government's Exploration Incentive Scheme (EIS)
- Ongoing alteration categorisation work across Dusk 'til Dawn to complement gravity survey data
- Expected completion of gravity inversion modelling in June
What Is Intrusion Related Gold (IRG) and Why It Matters
Intrusion Related Gold (IRG) systems represent a specific type of gold deposit formed when metal-rich magmatic fluids are introduced into surrounding rocks. These systems often create large, economically viable deposits with predictable mineralisation patterns.
IRG deposits are particularly attractive exploration targets because they frequently offer:
- Potential for large-scale resources with consistent grades
- Relatively predictable geometry once the system is understood
- Multiple mineralised zones within a single system
- Possible extensions at depth and along strike
Strickland's focus on identifying additional IRG targets at Yandal demonstrates a sophisticated geological approach that could significantly expand their resource base beyond the current 400,400oz Au already defined at the project.
Strategic Technical Approach and Timeline
Strickland is employing a multi-faceted technical approach to maximise the value of their expanded survey area:
- Expanding the high-resolution (50-metre spaced) ground gravity survey to encompass an additional 9km of strike
- Collecting and re-sampling historic drill chips from 1990s exploration programmes
- Conducting full multi-element geochemical analysis to map alteration zonation
- Performing gravity inversion modelling on the recently collected high-resolution data
- Interpreting mineral categorisation results with expert consultation from Dr. Heidi Pass (Elemental Insight)
Both the gravity inversion modelling and mineral categorisation analyses are expected to be completed by early June, setting the stage for a focused drilling programme.
| Exploration Activity | Status | Expected Completion |
|---|---|---|
| High-resolution gravity survey (Dusk 'til Dawn) | Complete | May 2025 |
| Extended gravity survey (additional 9km) | In Progress | June 2025 |
| Alteration categorisation work | In Progress | June 2025 |
| Gravity inversion modelling | In Progress | Early June 2025 |
| Historic drill chip re-sampling & analysis | In Progress | Ongoing |
| EIS co-funded diamond drilling | Approved | To be announced |
Backed by Strong Financial Position
A critical element for investors to consider is Strickland's robust financial position. The company maintains $34.8 million in cash and liquid assets as of 31 March 2025. This was further bolstered by a $5 million strategic investment from Zijin Mining after the March quarter ended.
This strong treasury allows Strickland to aggressively pursue its exploration programme without immediate capital constraints – a significant advantage in the current market environment.
The Yandal Gold Project in Context
The Strickland Metals Yandal gold project currently hosts a total Inferred Mineral Resource of 8,174,600 tonnes at 1.52 g/t gold for 400,400 ounces. This resource is distributed across several prospects:
| Prospect | Tonnes | Grade (g/t) | Ounces |
|---|---|---|---|
| Palomino Total | 2,118,000 | 1.90 | 129,500 |
| Warmblood | 1,656,000 | 2.37 | 126,000 |
| Filly | 581,000 | 1.15 | 21,500 |
| Bronco | 324,000 | 1.38 | 14,500 |
| Dusk 'til Dawn | 3,495,600 | 1.00 | 108,900 |
| Total | 8,174,600 | 1.52 | 400,400 |
The company's focus on identifying additional IRG targets could potentially expand this resource base significantly, especially if the geophysical similarities to Dusk 'til Dawn prove indicative of similar mineralisation.
Why Strickland Should Be On Investors' Radar
Strickland presents a compelling investment case for several key reasons:
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Systematic exploration approach: The company is methodically building its understanding of the Strickland Metals Yandal gold project through advanced geophysical surveys, geochemical analysis, and targeted drilling.
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Strong financial position: With $34.8 million in cash and liquid assets, plus a recent $5 million strategic investment, Strickland is well-funded to execute its exploration strategy without dilutive capital raises in the near term.
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Government co-funding support: The successful EIS grant application demonstrates the technical merit of their exploration targets and provides additional funding leverage.
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Established resource base with growth potential: Starting from a foundation of 400,400 ounces, the company has multiple avenues to expand its resource through both existing prospect development and new target identification.
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Technical expertise: The company's focus on sophisticated geophysical and geochemical analysis highlights their technical capabilities and increased chances of exploration success.
Key Takeaway:
Strickland Metals has positioned itself as an emerging player in Western Australia's gold sector, systematically building value through strategic exploration at Yandal. With a solid resource base, strong treasury, and a focus on identifying additional Intrusion Related Gold targets across a 19km strike length, the company offers investors exposure to significant discovery potential backed by technical expertise and financial stability.
Ready to Invest in Western Australia's Next Major Gold Discovery?
Strickland Metals' expanded gravity survey at the Yandal Gold Project represents a significant opportunity for investors seeking exposure to a well-funded, technically advanced gold explorer. With 400,400oz already defined, a strong $34.8 million treasury, and a systematic approach to targeting additional Intrusion Related Gold systems, STK is strategically positioned for growth. To learn more about Strickland's expanding gold footprint and investment potential, visit their website for the latest company information and project updates.
