Strata Minerals (ASX:SMX) announced the imminent recommencement of drilling at its 100%-owned Zelica Gold Project in Western Australia.
Following a maiden campaign, the company has secured a drill rig for a Phase 2 program scheduled to begin within the coming weeks.
The next stage will consist of approximately 2,500m of reverse circulation drilling across 20 holes, primarily targeting depth extensions of previously identified high-grade mineralisation and performing infill drilling to accelerate a compliant maiden mineral resource estimate.
Recent exploration has successfully delineated gold mineralisation along a 1km strike at Zelica, which remains open both at depth and along strike.
Furthermore, the acquisition of the Zelica South Project has expanded the prospective gold corridor strike to over 8km.
High-grade intercepts from the initial maiden program underscored the site's potential, with standout results including 10m @ 3.18g/t Au from 37m (including 3m @ 8.36g/t) and 3m @ 4.64g/t Au from 45m (including 1m @ 11.80g/t).
Located on a granted mining licence, Zelica benefits from excellent infrastructure access.
It is situated within 50km of several major deposits exceeding 1 million ounces of gold and is within trucking distance of multiple processing mills.
At the time of reporting, Strata Minerals’ share price was $0.027.