Strickland Metals Limited and Gibb River Diamonds Limited Announce Iroquois Zinc-Lead Project Update
Further geological mapping and rock chip sampling will be undertaken with a focus on expanding known
mineralised zones and locating elevated copper geochemical anomalies (please refer to ASX announcement
28th February 2022). In addition, a trial IP survey will be undertaken to understand the effectiveness across
known mineralised zones.
Previous drilling has been constrained by historic native title heritage clearance surveys. These historically
cleared holes are denoted by the small green circles in Figure 3. Drilling closer to the interpreted zone (i.e.
drilling to the east) has not been historically possible hence further clearance surveying is required.
The Company will request a heritage survey for August 2022 over the Iroquois prospect and surrounding areas.
Upon receipt of the Heritage Clearance report, the Company is planning for follow-up drilling to commence
shortly thereafter. The Company envisages initially completing at least 5,000m of RC and diamond drilling within
12 months from approvals and clearances. As part of this program, initial metallurgical testwork will also be
undertaken. A further 5,000m of drilling will also be planned subject to the success of the previous program.
GIB Conclusion: Gibb River Diamonds Limited welcomes this update on the Iroquois Zinc-Lead Project and looks forward to drilling re-commencing as soon as is practicable. The signing of the full-form Joint Venture Agreement between STK and GIB also provides more certainty moving the Project forward to the next phase.