Earnings release
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STRICKLAND METALS LIMITED Strickland Metals Limited ACN 109 361 195 info@stricklandmetals.com.au Postal & Registered Office +61 ( 2 ) 8316 3991 Suite 8 , 7 The Esplanade www.stricklandmetals.com.au Mt Pleasant WA 6153 Quarterly Activities Report September 2021 Highlights • • • • • Commencement of Aggressive Drill Campaign across Company's Yandal Project Completion Millrose Gold Project review highlighting outstanding opportunity to rapidly grow the Mineral Resource High - Grade Zinc - Lead Discovery in Earaheedy Basin Subsequent to Reporting Period Execution of Native Title Land Access and Mineral Exploration Agreement covering entire Yandal Project Tenement Package Subsequent to Reporting Period Strong Balance Sheet Position Commencement of Exploration Programs at Yandal Project During the reporting period the Company announced that it had commenced explorations programs at its flagship Yandal Project . Aircore drilling The Company completed a 15,000m aircore program at Horse North . The program targeted over a 3 kilometre section of the Celia Shear zone that has previously been ineffectively drill tested . This is the same mineralised structure which hosts the existing Horse Prospect Mineral Resource . The shear structure is clearly defined and there are several north - west secondary structures , as well as potential areas of dilation which are ideal targets for gold mineralisation . The area previously received heritage clearance , which meant the Company was able to expedite this aircore program . Drilling was undertaken on a 100 metre x 200 metre grid . Results from this aircore program are expected within three weeks . RC Drilling RC drilling is ongoing , with an expanded 8,500m to be drilled up until mid - December . The focus of the program is at Dusk til Dawn ( and regional look - a - like targets ) , as well as Iroquois . Previous results at Dusk til Dawn include : • DDRC014 : 13 metres @ 8.8 g / t Au from 111 metres • DDRC001 : 14 metres @ 10.0 g / t Au from 50 metres and 14 metres @ 2.6 g / t Au from 92 metres ACDR003 : 30 metres @ 2.0 g / t Au from 144 metres incl 12 metres @ 3.5 g / t Au The Company believes the mineralisation is completely open at depth , and the planned holes will drill down dip from the above results ( see Figure 1 below ) . The Company expedited four holes from the Dusk til Dawn drilling for assaying . The results of these four holes are expected in the next one to two weeks . 1