Strickland Metals (ASX:STK) said that a mineral resource update at the Horse Well gold camp at its Yandal project in Western Australia, increased the project's resource base by 56%, according to a Monday Australian bourse filing.
The updated mineral resource estimate completed for the gold camp, resulted in additional resources of 143,400 gold ounces, amounting to 4.7 million tonnes of material at a grade of 1.94 grams per tonne of gold for 291,500 ounces.
The updated estimate represents a 56% increase in the project's gold resources from the 2019 mineral resource estimate of 257,000 ounces of gold and an increase in grade from 1.4 g/t grade of gold to 1.52 g/t.
The Yandal project's total inferred resources now stand at 8.2 million tonnes at 1.52 g/t grade of gold for 400,400 ounces of gold.
Future work will focus on growing resources through additional drilling, per the filing.
The firm's shares jumped 10% in recent trading on Monday.
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。