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Highlights
- Strickland Metals hits high-grade gold intercept at Rogozna project.
- Drilling reveals thick mineralisation over 150-metre strike length.
- Initial resource estimate expected in early 2025.
Strickland Metals Ltd (ASX:STK) has uncovered a significant gold intercept at its Rogozna gold and base metals project in Serbia. The company has been conducting a diamond drilling program at the Medenovac prospect, which has led to the discovery of a large zone of gold and associated base metals.
One of the standout results includes a 50-metre intercept at 5.6 grams per tonne (g/t) gold equivalent (AuEq) within a broader zone of 365.8 metres at 2.0g/t AuEq, starting from 198.4 metres deep. This discovery marks the best hole drilled to date at the Rogozna project, with a total of 728 Gram x Metre (AuEq), highlighting the potential of this high-grade mineralisation.
Additional drilling results from the same hole revealed further promising gold intercepts, including:
- 19.8 metres at 2.8g/t AuEq from 333 metres.
- 24.0 metres at 3.6g/t AuEq from 468.2 metres.
The drilling results have extended the high-grade core of the Medenovac prospect by an additional 60 metres along strike to the southeast. This follows historical drilling in the area, which previously revealed 97.7 metres at 5.1g/t AuEq within a broader zone of 352.1 metres at 2.1g/t AuEq.
These results indicate that the Medenovac prospect now hosts thick and high-grade mineralisation across a strike length of approximately 150 metres, offering significant growth potential for the Rogozna project.
Looking Ahead
Strickland Metals is anticipating an initial mineral resource estimate for the Medenovac prospect in early 2025, based on the positive drill results.
Strickland Metals' managing director, Paul L'Herpiniere, highlighted the importance of these findings, stating, "These results demonstrate the potential of the deposit's high-grade core. The extension of the mineralised zone at Medenovac underscores the quality of the project and the strength of our exploration team in Serbia."
With the mineralisation remaining open along strike and at depth, there is strong potential for further discoveries as drilling continues at the site.
As of recent trading, Strickland Metals shares were priced at 9.4 cents, reflecting the growing interest in the company's promising developments at Rogozna.
