Strickland Metals Ltd · ASX:STK
Strickland Metals — Alloy Resources — RIU Explorers Conference 2016
14 slides from Strickland Metals's conference presentation, February 2016
Slide 1: The Horse Well Gold Discoveries
www.alloyres.com.au ABN: 20 109 361 195 ASX: AYR The Horse Well Gold Discoveries Fremantle, February 2016
Slide 2: Company Disclaimer and Statements
2 of 14 Company Disclaimer and Statements Disclaimer This presentation has been prepared by Alloy Resources Limited (“Alloy”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third pa
Slide 3: An Emerging Gold Exploration Success Story
3 of 14 An Emerging Gold Exploration Success Story • Alloy Resources is a Junior Mineral Explorer operating in Australia • We are participating in a significant new Gold Discovery in Western Australia • The Project is located adjacent to Northern Star Limited’s 220,000 ounce/per annum Jundee Gold Mi
Slide 4: A Western Australian Based Exploration Company
4 of 14 A Western Australian Based Exploration Company Board of Directors Andy Viner Executive Chairman – Exploration Geologist Matsa Resources, Jackson Gold, Gindalbie Metals, RSG Kevin Hart Non-Executive Director and Company Secretary Gold Road Resources, Dacian Resources, Encounter Resources Andr
Slide 5: Horse Well Gold Project
5 of 14 Horse Well Gold Project Large 1,000 km2 Gold Exploration play • 50km north of Northern Star’s 5 million ounce Jundee mine • 60 strike kilometres of the Millrose Greenstone Belt (same geology as Yandal belt) • Existing 75,000 ounce Inferred Mineral Resources in central area of Project 1 • The
Slide 6: Crack of Dawn Target Area
6 of 14 Crack of Dawn Target Area Mid 2014 status – 60% farm-out to Doray • Under-explored sand covered northern half of project • Anomalous aeromagnetics and historical air-core drilling led Alloy to recommence exploration here • Classic structural framework for Yilgarn archean style gold mineralis
Slide 7: Dusk til Dawn prospect - proof of potential
7 of 14 Dusk til Dawn prospect - proof of potential • “Granny Smith style” gold mineralisation on granite contact • Three RC programs have now defined mineralisation over 300 metre strike and south east plunge (refer ASX release: September Quarterly Report 28/10/2015) • Zones of high-grade mineralis
Slide 8: Regional Anomalies Defined
8 of 14 Regional Anomalies Defined Early 2015 – initial air-core drilling results Crack of Dawn Granite • Numerous air-core anomalies within granite and on contacts • Open along strike and within anomalies T-06 ‘De-magnetised anomaly’ – Django Prospect • Only two air-core lines 1.6km apart • Gold mi
Slide 9: Large New Gold Trends Discovered
9 of 14 Large New Gold Trends Discovered December Quarter of 2015 A 241 hole 14,740 metre regional air-core drill program was completed: Django Prospect (T-06 Magnetic Target) • Infill air-core lines to 400m x 50-100m discovered two new gold trends (+100ppb) Crack of Dawn Granite • New anomalies alo
Slide 10: Django Discovery
10 of 14 Django Discovery The new Django discovery is proof of a large mineralised system who’s alteration is appearing as a de-magnetisation of the host rocks: Original Target was 4 kilometres long by 1.5 km wide West trend • Coherent +100ppb anomalism over an area of 1.5km x 250m with a best drill
Slide 11: Dusk 'til Dawn – Django Comparison
11 of 14 Dusk ‘til Dawn – Django Comparison • The Northern Project area is sand covered on the surface negating use of soil sampling • Variable ‘transported cover’ to depths of up to 35 metres is present • Hence ‘air-core’ drilling is required for sub-surface geochemical sampling to locate anomalous
Slide 12: Southern Area of Horse Well Gold Project
12 of 14 Southern Area of Horse Well Gold Project Status • 75,000 oz Inferred Gold Resources 1 • Mineralisation is shallow and largely oxide • New Warmblood Discovery in 2012/2013 • New soil anomalies at Warmblood South • Known gold mineralisation at Cowza in same stratigraphic/structural position a
Slide 13: Summary
13 of 14 SUMMARY A Highly Leveraged Investment Opportunity BIG TARGETS from outstanding exploration results EXCELLENT location – only 50km from the 5 Moz Jundee gold mine A SERIOUS Partner – Doray is a gold miner and developer ACTIVITY & News Flow – JV to spend at least $2 million on explora
Slide 14: Company Statements
14 of 14 Company Statements Horse Well JORC 2012 Inferred Resource (refer September 2015 Quarterly Report) Area Tonnes Grade (g/t) Ounces Palomino 554,000 2.45 43,600 Filly SW 85,800 8.24 22,700 Filly 206,000 1.32 8,700 TOTAL 846,000 2.76 75,100 Notes: • All figures are rounded to reflect appropriat