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Highlights
- Strickland Metals reports significant new gold discovery at Kotlovi prospect in Rogozna.
- Drilling reveals high-grade gold mineralisation spanning impressive lengths and depths.
- Extended drilling planned to explore the scale of this newly identified mineralised zone.
Strickland Metals (ASX:STK) has announced a noteworthy discovery of gold and base metal mineralisation at its Rogozna project, specifically at the Kotlovi prospect. Recent drilling has confirmed significant high-grade mineralisation, with assays revealing 40.3 meters at 2.6 g/t gold from a depth of 558.1 meters, including an impressive interval of 12 meters at 5.7 g/t gold. Further results indicate 17 meters at 3.5 g/t gold equivalent from a depth of 744.7 meters. These findings suggest the potential for a robust gold deposit, positioning Kotlovi as a promising site for future exploration.
The mineralisation at Kotlovi displays skarn and breccia-hosted characteristics that are geologically similar to Medenovac, a nearby deposit situated just 350 meters away. The proximity and geological similarities between Kotlovi and Medenovac hint at potential connectivity between the two areas, which could lead to a larger mineralised system than initially anticipated. This discovery marks Strickland’s third notable find at the Rogozna project within the past four years, showcasing the extensive mineralisation potential that the region holds.
Following this successful discovery, Strickland Metals has planned an extension of its drilling program to gain further insights into the size and structure of Kotlovi’s mineralised zone. Preliminary measurements estimate a mineralised stretch that spans approximately 500 meters in length, 200 meters in width, and up to 700 meters in vertical depth, providing an expansive target area for continued exploration.
Backed by a strong financial position, Strickland Metals holds approximately A$41.1 million in cash and shares, ensuring solid funding to support ongoing and future exploration activities across the Rogozna project’s 184-square-kilometre license area. This substantial landholding remains largely underexplored, offering Strickland an exciting opportunity to further define the mineral resources within this promising region. With further drilling and analysis planned, the company aims to build on the recent discoveries at Kotlovi and uncover the full potential of the Rogozna project.
Strickland Metals’ recent progress at Rogozna highlights the company’s commitment to advancing exploration in underexplored areas, creating a foundation for future developments in gold and base metal production. The company’s strategic focus on Rogozna has so far yielded remarkable results, setting the stage for what could become a valuable asset in the mineral exploration sector.
