Strata Minerals (ASX:SMX) announced an expansion of its Zelica Gold Project through the strategic acquisition of a new tenement situated directly to the north.
The move increases the prospective gold-mineralised corridor to approximately 9.5km.
Located within Western Australia's prolific Eastern Goldfields, the project sits within 50km of several major deposits exceeding 1Moz of gold.
The newly secured ground is interpreted to house extensions of key gold-bearing structures, offering numerous untested targets for potential repeat discoveries along strike.
The company confirmed the completion of its Phase 2 reverse circulation drilling programme. A total of 17 holes for 2,209m were drilled, focusing on depth and strike extensions of the known 1km high-grade zone.
The programme follows a highly successful maiden campaign, where 22 out of 23 holes intercepted consistent shallow, high-grade mineralisation.
Past results include 10m @ 3.18g/t Au from 37m and 3m @ 4.64g/t Au (including 1m @ 11.80g/t Au).
Assay results from Phase 2 are expected within the next 4 to 6 weeks.
The findings will be pivotal as Strata Minerals works towards accelerating a maiden mineral resource estimate.
At the time of reporting, Strata Minerals’ share price was $0.021.