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Arrow Minerals commencing major drilling campaign at Strickland Gold Project

The company's drilling will cover more than 20 strike kilometres of gold-in-soil anomalies.
drill rig at site
The drilling will commence at the T8 prospect next week

Arrow Minerals Ltd (ASX:AMD) is commencing a 26,000 metre aircore drilling program at its Strickland Gold Project in Western Australia, starting at the T8 prospect followed by T6, T2 and T1.

READ: Arrow Minerals targets golden prospects in major drilling campaign

The 100% owned Strickland Gold Project (formerly Barlee Gold Project) is in the Eastern Goldfields.

Arrow’s drilling will cover more than 20 strike kilometres of gold-in-soil anomalies to define bedrock gold mineralisation at the T1, T2, T6 and T8 prospects.

Gold mineralisation was intersected at these prospects during first-pass drilling in 2017.

Gold endowed region in the Eastern Goldfields

The Strickland project is 100 kilometres west of Menzies and 180 kilometres north of Southern Cross, a region which contains more than 20 million ounces of known gold endowment.

The drilling program will commence at the T8 prospect next week and is planned to be completed by mid-April. First assay results are expected to be received within four weeks after completing drilling. 

Arrow’s drilling will continue at T6, T2 and T1 with the entire drill program expected to be completed by June 2018.

Arrow Minerals has a number of gold prospects at Barlee

Lithium drilling planned in July 2018

Arrow has planned the next phase of drilling at its Malinda Lithium Project for July 2018, with 5,000 - 6,000 metres of reverse circulation (RC) drilling planned over three main lithium-bearing pegmatites.

Exploration conducted by Arrow at Malinda in 2017 identified several lithium and tantalum-bearing pegmatites associated with granite intrusions.

The company completed a maiden RC drilling program in September 2017, intersecting up to 2% lithium oxide and over 800 ppm tantalum pentoxide.

READ: Arrow Minerals signs strategic deal with Independence Group, bags $5.2 million

Arrow is well-funded after raising circa $2.8 million via a strategic deal with Independence Group NL (ASX:IGO) and an oversubscribed equity placement to sophisticated investors. 

The company will receive an additional $2.4 million in early April.

Arrow and Independence are forming the Plumridge Nickel Project joint venture in the Fraser Range province of Western Australia.

Arrow’s exploration programs are now fully funded, including the major drilling programs at the Strickland Gold Project and Malinda Lithium Project.

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