Strickland drill strikes deep gold-copper ore at | Australian Markets

Strickland Metals has kicked off 2025 with a bang after the latest diamond drilling outcomes picked up robust depth extensions to the mineralisation at its Shanac gold-copper skarn deposit within the company’s Rogozna gold-base steel project in Serbia.

The newly reported outcomes got here from a single gap to focus on the underexplored southern extent of the central structural area within the deposit. They included a 30.1m intercept grading 1.6g/t gold equal from 438.9m and an 11.7m part grading 4.3g/t gold equal from 570.4m, within an 80.2m hit operating at 1.9g/t gold equal from 501.9m.

The findings affirm the Shanac mineralisation – which begins at a depth of 250 metres – now extends down to a minimum of 625m and stays open, and show up a width of 180m. Armed with the new information, the company says it’s firmly on monitor for a useful resource improve on the deposit by late March.

Importantly, this gap has outlined vital vertical extensions of the mineralisation and bodes effectively for the mineral useful resource estimate replace for Shanac. This will probably be one of a number of mineral useful resource upgrades, that are scheduled for this 12 months at Rogozna and our Yandal project in Western Australia.

The 4.63-million-ounce gold equal Shanac deposit is a cornerstone of Strickland’s Rogozna project. One other close by skarn-hosted deposit, Copper Canyon, contributes a additional 810,000 ounces of gold equal to carry the overall useful resource of Rogozna to five.44 million ounces of gold equal.

The company is gearing up to release a useful resource replace for Shanac in addition to a maiden useful resource for an additional prospect, Medenovac. This goal triggered a buzz late final 12 months after drilling revealed a outstanding 40.3m intercept grading 2.6g/t gold, together with a standout 12m part at 5.7g/t gold from a depth of 584m.

Moreover, ultimate assays are anticipated back shortly from the company’s fourth skarn-hosted deposit at Rogozna, referred to as Gradina. The outcomes for the high-grade, gold-only prospect are extremely anticipated and will show pivotal in gentle of earlier compelling assays, reported solely a month in the past.

These outcomes included a 25.5m part grading 5.2g/t, which is a component of a wider 48.5m intercept grading 3.1g/t from 194m. Importantly, the hit seems to have intersected a shallower half of a lode that seems to stretch down to 600m, beforehand recognized from a gap which hit 11.5m grading 13.1g/t.

Strickland Metals is set to ramp up exploration at its Serbian grounds in March, launching a six-rig diamond drilling marketing campaign aimed toward unlocking the total potential of the Shanac deposit.

Excessive on its agenda are plans to focus on the continuity and extent of high-grade gold-only zones beforehand unearthed within the central area.

These assays included an eye-watering 89.7m intercept grading 4.0g/t gold from 244.5m and a 40.9m part additionally operating at 4g/t gold from 241.6m, hinting at even higher treasures mendacity beneath the floor.

Coupled with updates to the useful resource at Shanac and a maiden useful resource at Medenovac each anticipated in late-March, the latest outcomes seem to supply compelling information pointing the way in which to Rogozna developing into one thing a lot greater.

Add the magic ingredients of a gold price on the tear proper now, at the moment trading at US$2723 (A$4359) per ounce and the equally thrilling West Australian Yandal gold project – with the potential to be one other multi-million-ounce development – Strickland seems to be signalling it has a golden future.

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