Strickland adds drill muscle to test new Serbian | Australian Markets

Strickland Metals has bolstered its drilling capability at its Rogozna gold-base metals project in southern Serbia with the addition of a fifth diamond drilling rig, which has already begun work at its Obradov Potok prospect.

Coincident multi-element gold-arsenic soil geochemistry and an induced polarisation (IP) anomaly with floor hydrothermal alteration has already been recognized on the four-square-kilometre prospect, which is 3.5 kilometres southwest of the company’s 5.3-million-ounce gold equal Shanac gold useful resource.

Other close by vital developing useful resource targets embrace Strickland’s advancing 0.81M-ounce gold equal Copper Canyon and its pending useful resource at Gradina, 2.75km and 1.75km northeast of Obradov Potok respectively.

The mixed geochemical and geophysical signatures at Strickland’s Shanac, Copper Canyon, Gradina, Obradov Potok and the more distant Jezerska Reka prospects comprise 5 separate parallel northwest-southeast trends.

The distance between the Shanac and Copper Canyon development is 680m, between Copper Canyon and Gradina is 900m and Gradina to Obradov Potok is about 1500m.

Jezerska Reka shares the identical northwest-southeast development with the earlier targets and lies a additional 3.4km southwest of Obradov Potok.

Obradov Potok includes a cluster of mixed geochemical and IP anomalies within a broad zone measuring about 2.5km northwest-southeast by 2km northeast-southwest. It was recognized in 2020 by stream sediment sampling by Zlatna Reka Resource, a absolutely owned Strickland subsidiary.

Follow-up soil geochemical sampling within the following two years outlined gold, arsenic, copper, molybdenum, silver, lead and zinc anomalism.

Ground geophysics undertaken final 12 months included IP and gravity surveys, which revealed a number of shallow chargeability IP and density anomalies.

Subsequent exploration and information critiques recognized outcropping proof of hydrothermal alteration coinciding with shallow IP responses, ensuing within the definition of a number of drill targets at Obradov Potok, which the company plans to test this 12 months.

Obradov Potok is an extraordinarily massive goal space, with a similar-scale geochemical footprint as seen at each the Shanac and Medenovac mineralised systems, the place we have now inferred mineral useful resource estimates of 5.30Moz and 1.28Moz AuEq respectively. We have a number of holes deliberate to test the Obradov Potok system this 12 months and look ahead to continued drilling success and additional useful resource accretion.

Strickland’s Rogozna project is a large-scale gold-copper-lead-zinc-silver exploration project, comprising 4 exploration licences overlaying about 184 sq. kilometres within the Trepca mining district in southern Serbia, about 400km south of Belgrade, within the globally vital Tethyan Metallogenic Belt.

The Tethyan Metallogenic Belt extends from jap Europe to SouthEast Asia. It shaped from the convergence and collision of the Arabian, African and Indian tectonic plates when the traditional Tethys Ocean closed.

The project is owned by Strickland Metals by means of Zlatna Reka Resources. It presently hosts a mixed useful resource of 7.40M ounces gold equal throughout three deposits at Shanac, Medenovac and Copper Canyon.

The company has two rigs working to develop and improve the Shanac deposit, one is testing its Red Creek prospect, 500m west of Shanac, and one other drill bit is spinning on the high-grade gold Gradina deposit.

In addition to the new rig launched not too long ago into the fray at Obradov Potok, the company will quickly herald a sixth rig to test the large Jezerska Reka porphyry goal 3.5km southwest of Obradov Potok.

Strickland stays extraordinarily well-funded to ship the biggest-ever exploration program at Rogozna in 2025, with $33.8M in money and Northern Star Resources shares on the finish of the December quarter final 12 months.

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