Strickland Metals identifies new gold structure at Celia South

Strickland Metals Limited (ASX: $STK) has announced the identification of a new gold structure at Celia South, with high-grade gold intersected on the BIF-mafic schist contact in first pass aircore drilling. The company also reported very strong intrusive related system at Great Western, similar to concealed Intrusive Related Gold Systems across the Paterson Province. Strickland remains well funded, with cash and Northern Star Resources Ltd (ASX: $NST) shares totaling approximately $54m at the end of the previous quarter.

Executive Commentary on New Gold Structure at Celia South and Great Western

Andrew Bray, Chief Executive Officer, expressed the company's satisfaction with the new gold structure discovery at Celia South, emphasizing the potential for further strong gold mineralization. He also highlighted the encouraging results from the initial drilling at Great Western, indicating significant potential for intrusive related gold mineralization. The ongoing RC drilling at Rabbit Well is confirming the company's view that it represents a large scale base metal system.

Summary of New Gold Structure Discovery and Outlook

Strickland Metals' identification of a new gold structure at Celia South and the strong intrusive related system at Great Western demonstrate the under-explored potential across the company's Yandal tenement portfolio. The discovery enhances the prospectivity for further 'look-a-like' deposits along the under-explored 35 kilometers of strike that connects Celia South to Millrose. The company's well-funded position and the upcoming exploration programs in April 2024 indicate a positive outlook for further exploration and potential discoveries.