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  • Stratum Metals Intersects Gold Targets At East Menzies, Western Australia 0 comments
    Dec 18, 2013 1:07 AM

    Stratum Metals (ASX: SXT) has completed drilling on the nickel and gold targets at its East Menzies Goldfield project in Western Australia.

    Geological logging indicates the targeted gold geology at the Tribute shoot has been intersected.

    The target was a high-grade gold shoot at a structural intersection of the sulphidic Goodenough horizon, and at Four O'Clock, logging and preliminary XRF analysis also indicates the target, and potentially mineralisation, has been intersected.

    All samples have now been submitted to ALS Laboratories for detailed geochemical analysis.

    The plunging high grade gold shoot targeted at Tribute is thought to be associated with the Tribute shaft and previously reported intersection of 9 metres at 16.63 grams per tonne gold and 19.37 grams per tonne silver.

    Notably, logging has indicated a pyrrhotite iron sulphide rich zone, 10 metres deeper than the modelled electromagnetic plate, with zones of iron sulphides and quartz veining.

    In addition, prior to the completion of field activities three of the four holes at Four O'Clock were analysed with a handheld XRF unit, showing a strong silver response.

    Stratum controls an extensive land holding of 154 square kilometres that covers over 444 old mine shafts, 229 identified conductors, proximate to existing infrastructure, service providers and existing mineral processing mills.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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