Strickland’s Exploration Push at Yandal Faces Key Test with Upcoming Drilling Program
Strickland Metals has broadened its high-resolution gravity survey at the Yandal Gold Project to cover 19km of strike, targeting new Intrusion Related Gold zones. The company also secured government co-funding for upcoming diamond drilling at its Dusk ‘til Dawn target.
- Expanded gravity survey now covers 19km strike including Horse Well North
- New Intrusion Related Gold targets identified with geophysical similarities
- Alteration categorisation and gravity inversion modelling underway, results due June
- Co-funded diamond drilling grant awarded under WA Exploration Incentive Scheme
- Strong financial position with $34.8 million cash and $5 million strategic investment
Exploration Expansion at Yandal
Strickland Metals Limited (ASX: STK) has announced a significant expansion of its high-resolution ground gravity survey at the Yandal Gold Project in Western Australia. Originally focused on the Dusk ‘til Dawn area, the survey now extends to cover an additional 9 kilometres of strike southwards, encompassing a total of 19 kilometres. This extension includes the Horse Well North area, where new Intrusion Related Gold (IRG) targets have been identified based on geophysical signatures and historic gold assay data.
Targeting Intrusion Related Gold Systems
The IRG targets are characterised by low-density gravity anomalies, which Strickland interprets as indicative of late-stage intrusions that could host gold mineralisation. The company is complementing the gravity data with alteration categorisation work, involving re-sampling of historic drill chips from the 1990s to better understand alteration zonation. These efforts aim to build a comprehensive geological model similar to that developed for the Dusk ‘til Dawn discovery, which has already demonstrated promising mineralisation.
Government Support and Upcoming Drilling
In a notable boost, Strickland has secured co-funding for diamond drilling through the Western Australian Government’s Exploration Incentive Scheme (EIS). This grant will support the first-ever drill testing of the Dusk ‘til Dawn IRG system beneath cover, marking a critical step in validating the exploration model. The company plans to announce details of the drilling program in due course, with results eagerly anticipated by investors and analysts alike.
Financial Strength and Strategic Investment
Strickland remains well-capitalised, reporting $34.8 million in cash and liquid assets as of 31 March 2025. This financial strength was further bolstered by a $5 million strategic investment from Zijin Mining, received after the quarter’s end. Such backing not only provides operational flexibility but also signals confidence from a major industry player in Strickland’s exploration potential.
Looking Ahead
The combination of expanded geophysical surveys, detailed alteration studies, and government-supported drilling positions Strickland Metals to potentially unlock further value within its Yandal portfolio. While exploration remains inherently uncertain, the company’s methodical approach and strong financial footing provide a solid foundation for advancing its gold targets.
Bottom Line?
Strickland’s expanded survey and government-backed drilling set the stage for a pivotal exploration phase at Yandal.
Questions in the middle?
- What will the upcoming diamond drilling at Dusk ‘til Dawn reveal about the IRG system’s scale and grade?
- How might the alteration categorisation influence target prioritisation across the expanded survey area?
- Could further strategic partnerships or investments follow Zijin Mining’s recent stake in Strickland?
