(MENAFN- ProactiveInvestors - Australia) Stratum Metals (ASX: SXT) is set to begin its next drilling campaign at the German Well South Prospect, part of the wholly owned Gidgee North Gold Project, spurred on by past high grade drilling results and soil sampling demonstrating potential extension to the mineralisation to the north and south.
The company will begin an 11-hole, 1,750 metres reverse circulation drilling program this Sunday to extend the strike length of the mineralisation at the prospect.
This next exploration campaign will pave the way for delivery of a JORC Resource for the German Well South Prospect.
Demonstrating the broad, high grade nature of the prospect, previous first stage drilling has delivered bonanza grade intersections such as 1 metre at 60.9 grams per tonne (g/t) gold, within a broader intersection of 8 metres at 8.89g/t gold from 41 metres.
Recent past drilling includes highlights of:
- 21 at 5.25g/t gold from 117 metres, including 10 metres at 7.89g/t gold and 1 metre at 37.1g/t gold;
- 5 metres at 2.25g/t gold and 4 metres at 3.11g/t gold from 102 metres; and
- 12 metres at 1.51g/t gold from 46 metres, including 6 metres at 2.57g/t gold.
Further upside is the definition of a large area of gold anomalism through MMI soil sampling, with the anomaly having a potential strike extent of 2 kilometres, extending well beyond the focus of Stratum's initial drilling at the German Well Prospect.
Next exploration steps
Further sampling is required to confirm continuation of the gold anomaly and enable definition of drilling targets north and south of the current German Well South Prospect.
A further seven holes will be drilled on two sections to the east to provide an indication of the value of the MMI interpretation and give Stratum drilling data covering over 350 metres of strike.
Compilation and interpretation of the available geophysical data is also underway to assist in guiding an expanded exploration program.
Results are expected in August and Stratum will then determine the location and extent of any further MMI soil sampling and begin planning the next stages of exploration.
Gidgee Gold Project
The Gidgee Gold Project, which comprises the Gidgee North and Gidgee South areas, is located 640 kilometres northeast of Perth in the Yilgarn region of Western Australia.
The Yilgarn has a long history of gold production and produces about 6% of Australia's gold.
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