Strickland picks up big sniffs of Serbian | Australian Markets

Strickland Metals could also be on the cusp of a huge porphyry discovery after its diamond drill rig hit a whopping 493-metre intercept grading 0.14 grams per tonne (g/t) gold from 223m at its Jezerska Reka prospect, which is a component of the company’s Rogozna gold and base metals project in Serbia.

The assays from the new gap additionally show a 412m part operating at grades of 130 components per million (ppm) copper from a depth of 300m and ending in gold and copper mineralisation at 700m depth.

Preliminary geochemical testing of the goal was carried out in 2023 and was adopted up with a geophysical survey that lit up a sizeable, mineralised zone, hinting on the risk of one thing huge.

The outcomes from the new gap have been correlated with a earlier diamond gap, which was additionally drilled on the time of the geophysical survey. The sooner gap intersected 94m of high-grade gold at 0.4g/t from 484m, ending in 0.17g/t gold mineralisation at a depth of 716m.

The latest 700m drill gap was positioned a number of hundred metres east of the 2023 gap. It picked up the identical intensive porphyry-style veining and alteration because the initial gap, indicating vital potential for a large-scale system.

Strickland Metals managing director Paul L’HerpiniereTo intercept nearly 500 metres of porphyry-related veining and related alteration in simply the second gap drilled at Jezerska Reka is a extremely encouraging development. The potential for a large-scale porphyry discovery at Rogozna provides to the already substantial potential of what’s a very massive gold and base metals project with an already globally vital – and growing – useful resource stock.

Strickland employed porphyry skilled David Cooke to help it become familiar with the comparatively new fashion of mineralisation for the project space.

Dr Cooke’s impartial technical review found gold mineralisation extends over a number of hundred metres on the prospect.

By combining this discovering with biotite-pyrite alteration discovered within the decrease part of the new gap – drilled parallel to the hotspot – Dr Cooke suspects the realm sits on the periphery of a huge porphyry gold-copper system.

The sooner gap was drilled at an opposing angle and seems to have jagged half of the anomaly. As compared, the new gap intersected fewer B-type and D-type hydrothermal veins, that are common in porphyry deposits.

The upper quantity of pyrite and decrease ranges of chalcopyrite recommend the new gap is transferring away from the core of the mineralisation. Nonetheless, it nonetheless encountered biotite and a few white mica alteration all the way in which to the underside.

Administration says porphyry systems reminiscent of Jezerska Reka typically require a number of phases of drilling to zone in on a mineralised centre. With the outcomes of the latest assays in hand, the company now has a clearer understanding of the place to purpose the drill bit within the subsequent spherical of exploration.

The subsequent diamond drilling exploration marketing campaign is set to start in early April. New drill holes will goal a low-resistivity anomaly additional west of the latest drill gap, the place the company believes the core of the anomaly could lie.

Strickland recognized one other equally intriguing geochemical goal 500m to the north of the Jezerska Reka prospect – dubbed Jezerska North. It should endure a related geophysical survey to the Jezerska Reka prospect earlier than being included as a goal of future drill campaigns.

Jezerska Reka is a component of the company’s wider Rogozna gold and base metals project in Serbia at the moment internet hosting 6.69 million ounces of gold equal unfold throughout 4 deposits.

Strickland has additionally been busy over the Australian summer time pushing exploration metres into its promising 257,000-ounce Yandal gold project, which is 50 kilometres from Northern Star Assets’ 10-million-ounce Jundee gold project in WA’s northeastern goldfields.

Yandal has a number of large-scale prospects together with Horse Effectively, which is shortly due for an up to date useful resource estimate.

Strickland is already rising as a standout participant within the gold and base metals exploration space. Given its present trajectory, with Jezerska Reka brewing to develop into a vital addition to its world stock, the company seems to be gathering all the proper ingredients to develop into a world-class miner.

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