Strata Minerals (ASX:SMX) has unveiled its geotechs have their eyes on four new large-scale gold drill targets at Penny South.
Covering a length of 2.5km, the new targets sit nearby the “exceptionally high grade” Penny West and Penny North gold deposits which are currently the remit of Ramelius Resources (ASX:RMS).
“There has been no drilling testing deeper than ~70 m undertaken within the initial ~ 300m south of the adjoining Ramelius tenement,” company chief Peter Woods said.
“This is remarkable given th is tenement boundary is only ~ 500m directly south of the operating high – grade Penny Gold Mine and the mineralised lodes are interpreted to plunge southward toward our project.”
The company recently acquired its Penny South project.
Its placement over Youanmi Greenstone and nearby the ‘Penny West Shear’ zone has provided additional confidence to the company’s exploration team to date.
Previous drilling on-site has returned multiple brief intercepts grading up to over 30g/t gold from 40m depth, though, most results highlighted on Tuesday were lower.
The company is currently underway crafting a program of works for a drill run on-site with drill rigs anticipated to be available no later than early 2025.
Strata last traded at 2.6cps.
Join the discussion: See what HotCopper users are saying about Strata Minerals and be part of the conversations that move the markets.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。