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Highlights
- Strickland Metals’ Rogozna Project in Serbia shows promising gold and base metals.
- Kotlovi prospect drilling uncovers high-grade mineralization.
- Exploration hints at a link to the Medenovac deposit.
Strickland Metals Ltd (ASX:STK) has made significant strides in uncovering new gold and base metal mineralisation at the Rogozna Gold and Base Metals Project in Serbia. This recent discovery reinforces the potential of the region as a highly valuable resource zone. The exploration focused on the Kotlovi prospect, located roughly 350 meters west of the established Medenovac deposit, where scout drilling revealed strong gold and metal mineralisation.
At Kotlovi, drilling results included a notable interval of 40.3 meters at 2.6 grams per tonne (g/t) gold, with a 12-meter segment grading at 5.7 g/t. Another key finding was 17 meters at 3.5 g/t gold equivalent (AuEq), including 11 meters at 4.6 g/t AuEq. This gold-equivalent metric considers the presence of additional metals, such as copper, silver, lead, and zinc, which enhances the overall economic value of the discovery. The presence of skarn-hosted gold and base metal deposits, along with breccia-hosted mineralisation, signals a diverse and rich geological composition at the prospect.
The findings at Kotlovi share geological characteristics with the Medenovac deposit, suggesting a possible link between the two. Strickland’s team has been optimistic, given this discovery represents their third significant find at Rogozna in recent years. Their ongoing exploration work, which included mapping and sampling historical surface workings in 2022, has been instrumental in uncovering these resources.
Paul L’Herpiniere, Managing Director of Strickland Metals, expressed enthusiasm about the team’s achievement, noting the importance of this discovery as a milestone under the company’s banner. He emphasized the potential connection between Kotlovi and Medenovac, which could further boost the project’s overall resource capacity. This discovery is especially promising given the extensive scope of mineralisation at Kotlovi, which spans 500 meters in length, 200 meters in width, and reaches depths of 700 meters.
Looking ahead, Strickland Metals aims to conduct follow-up drilling to assess the extent and scale of the mineralised zones. Four drill rigs are currently on-site, targeting both Kotlovi and additional prospects, such as Gradina and Jezerska Reka. With A$41.1 million in available funding, Strickland is positioned to sustain an aggressive exploration campaign in Serbia’s largely under-explored Rogozna region.
This recent success highlights Rogozna as a promising asset with the potential to develop into a premier resource hub, with both established deposits and new areas for discovery across an expansive 184-square-kilometer licence area.
