Strickland Metals Limited provided an update on its flagship Millrose gold project located on the world renowned Yandal Greenstone Belt in Western Australia. The Millrose gold project lies approximately 30km due east of Northern Star Ltd.'s Jundee gold operation. Outstanding Oxide Gold Results from Wanamaker Discovery: RC drilling successfully intersected continuation of the high-grade oxide gold mineralisation: MRRC347: 5m at 14.5g/t Au from 67m and 5m at 1.5g/t Au from 1.4g/t Au from 79m (oxide); and MRRC339: 5m at 6.6g/t Au from 83m and 6m from 1.6g/t Au from 55m (oxide).

These assays continue the excellent results returned from previous proximal oxide intersections as announced to the market on 29 August 2022, 7 September 2022, 21 September 2022 and 17 October 2022: MRRC239: 7m at 22.2g/t Au from 72m; MRRC335: 2m at 11.3g/t Au from 86m; MRRC230D: 19m at 2.4g/t Au from 117m; MRRC228: 37m at 1.6 g/t Au from 58m, including 9m at 5.6 g/t from 86m; MRRC242: 24m at 1.6g/t Au from 64m; MRRC234: 53m at 1.1 g/t Au from 44m (incl. 13m at 3.3 g/t Au from 84m); MRRC238: 12m at 4.9 g/t Au from 64m (incl. 4m at 13.6 g/t Au from 68m); MRRC224: 4m at 2.3 g/t Au from 40m; and MRRC240: 4m at 1.3 g/t Au from 69m.

These results collectively extend the oxide gold mineralisation 400m north of the current Millrose Mineral Resource with a further seven diamond holes testing below this horizon, targeting the primary Wanamaker Lode. These holes have been designed to follow up and extend the intercept in MRRC226D: 7.9 metres at 7g/t Au from 138.9. All holes successfully tested the primary structure, with assays due during November 2022. The drilling completed by Strickland over the last 9 months has successfully expanded the oxide gold mineralisation at Millrose, which is now defined over 3.2km in length (and remains open to the north).

In addition to this oxide mineralisation, Strickland has also been successful in defining three high grade primary lodes, in the form of Millrose Central, Millrose North and Wanamaker (south to north). Each zone displays varying alteration and mineralisation styles that can be grouped accordingly: Millrose Central: Hematite - Carbonate – Silica; Millrose North: Silica – Carbonate; Wanamaker: Silica-Chlorite.