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Highlights
- Strickland Metals (STK) launches an extensive 2025 drilling campaign at Rogozna, Serbia.
- Aims to expand the existing 6.69Moz AuEq resource, with a maiden estimate for Gradina deposit by late 2025.
- Strong financial backing of $33.8 million fuels the largest-ever exploration program at the site.
Strickland Metals (ASX:STK) has commenced an ambitious 50,000-meter diamond drilling program at its Rogozna Gold and Base Metals Project in Serbia. This extensive initiative aims to build upon the current 6.69Moz AuEq resource and unlock the project’s full potential. The focus is on high-grade mineralization at the Shanac deposit, with additional drilling targeting other promising exploration zones.
Drilling Strategy and Initial Results
The drilling program has started with two rigs at the Shanac deposit, where initial results indicate promising gold intercepts. Notable findings include 89.7m at 4.0g/t Au, with a higher-grade section of 24.1m at 10.5g/t Au. Four more rigs are set to be deployed in the coming weeks, accelerating efforts to define a maiden Mineral Resource Estimate (MRE) for the Gradina deposit by late 2025. Meanwhile, an updated MRE for the Shanac deposit remains on track for release by late March.
Financial Strength and Exploration Expansion
Strickland Metals maintains a solid financial position, holding $33.8 million in cash and NST shares as of the December Quarter. This robust funding ensures the execution of its most extensive exploration program to date at Rogozna. Beyond drilling, the company is advancing metallurgical testing and initiating a comprehensive environmental study. These developments are key to the completion of an initial mining Scoping Study by year-end.
A Transformational Year for Strickland Metals (STK)
The company’s leadership views 2025 as a pivotal year for the Rogozna Project. Managing Director Paul L’Herpiniere emphasized the significance of resuming operations after the winter break. He highlighted that the program is designed not only to expand the existing resource but also to explore new targets that could enhance the project’s scale and economic viability.
With drilling activity ramping up and critical studies underway, Strickland Metals continues to advance towards its goal of unlocking the full potential of the Rogozna Project. The coming months will be crucial as new exploration data emerges, shaping the company’s path forward.
