Combined with the recently revealed strong results from the Warmblood and Palomino deposits, the company is becoming increasing confident of the standalone prospects of Horse Well. By studying the combined effects of deep weathering and historically shallow drilling, the deeper drillholes have now started to reveal the magnitude of the area, which until recently has been largely concealed.
Strickland has completed around 20,000m of RC and diamond drilling at Horse Well for 2024 and has now sent the rig home with a view to studying the outcomes and potentially upgrading the resource.
A new 20,000m drilling program is now also being planned for 2025 at Horse Well which will use the data from this year’s program as a guide for the drill bits.
With outstanding drilling success at the company’s 4.6 million-ounce gold equivalent Shanac deposit at Rogozna in Serbia continuing to flow in and a strong build up in confidence at Horse Well, Strickland appears to have timed its exploration and discovery run to near perfection – particularly with the Australian gold price now smashing its way through AU$4000 per ounce. It is currently trading at US$2739 per ounce (AU$4096).
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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