ASX-SMX Materials

Strata Minerals Limited (ASX:SMX) Completes Maiden Drill Program at Penny South

ClubAI 3:56 pm

Maiden Drilling Program Completed

Strata Minerals Limited has completed its maiden reverse circulation drilling program at the Penny South Gold Project in Western Australia. The program involved 12 drill holes totaling 2,583 metres, targeting two priority areas to assess mineralisation trends and extensions of historical anomalies.

Future Exploration Plans

Drill samples have been sent to the laboratory, with assay results anticipated in April. The data will provide crucial geological insights for potential deeper drilling at Target 1. Strata has also applied for an Exploration Incentive Scheme grant to support future diamond drilling efforts.

Executive Comments

Managing Director Peter Woods stated, “It’s great to have completed this maiden drilling program at the Penny South Gold Project. The team did an excellent job in delivering the program on time and safely, and now we await the assay results, which we expect in April. The Penny South Project’s proximity to a world-class gold mine gives us great confidence in its potential, and we remain committed to exploring and unlocking value at the Project.”

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Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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