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Strata Minerals Limited (ASX:SMX)

ALERT: Price-sensitive ASX Announcement for SMX
Current share price for SMX : $0.019 -0.005 (-20.83%)+
Announcement
Release
8 Dec 2025 9:42AM
Price at Release
$0.024
Full Release
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Summary
Strata Minerals Limited announced the results of a three-hole diamond drilling program at the Penny South Gold Project in Western Australia. The primary aim was to investigate the southern extension of mineralised systems associated with the high-grade Penny North and Penny West deposits. The drilling, which included support from the Western Australian Government's Exploration Incentive Scheme, confirmed the extension of the Penny West Shear Zone and identified potential gold mineralisation control areas, though no significant gold assays were returned. The project's geological architecture was validated, providing a strong basis for future exploration aimed at discovering high-grade gold shoots. Further exploration is planned as multiple high-priority targets remain untested.
Key Points
  • Maiden three-hole diamond drilling program completed at Penny South Gold Project.
  • Drilling aimed to test southern extension of Penny North and Penny West deposits.
  • Extension of Penny West Shear Zone confirmed with potential mineralisation control.
  • No significant gold assays returned, but geological architecture validated.
  • Future exploration planned with multiple high-priority targets untested.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.