Strickland targets Serbian gold-copper with | Australian Markets

Strickland Metals has launched a 50,000-metre diamond drilling program, the largest but at its Rogozna gold and base metals project, within the giant Tethyan Metallogenic Belt in southern Serbia’s Raška district.

The marketing campaign goals to increase the present mixed 6.69-million-ounce gold equal useful resource at Rogozna and, if attainable, improve the grades and iron-out grade variation and spatial distribution in its useful resource fashions.

The Rogozna ground contains the Shanac, Medenovac and Copper Canyon gold-copper deposits, the Gradina gold deposit and 9 prospects.

Two rigs are already drilling on the company’s flagship high-grade, skarn-hosted Shanac inferred gold useful resource, which was recognized final yr.

Drilling at Shanac final yr produced an 89.7m intercept going 4 grams per tonne (g/t) gold from 244.5m, together with 24.1m at 10.5g/t gold from 296.2m. A second gap intercepted 40.9m working 4.0g/t gold from 241.6m, together with 12m at 6.2g/t gold from 259.6m.

This yr’s drilling program at Shanac is chasing extensions of the high-grade gold skarn. The company has slated a minimal of about 5000m of drilling to increase and/or infill the skarn mineralisation and additional take a look at mineralisation on the western aspect of the deposit’s central area.

Final yr’s drilling focussed on the jap aspect of the central area, in comparison with about 200m of strike on its western aspect being subject to solely restricted drilling.

The high-grade gold skarn is seen as a key half of the deposit, with work up to now demonstrating it reveals the best gold grades and is the shallowest half of the deposit. As a consequence, the skarn would logically be a precedence for additional analysis in the direction of a future useful resource improve and early mining plan.

With drilling underway, Strickland expects to replace Shanac’s present 4.63m-ounce gold equal useful resource estimate by the tip of this month.

The company anticipates 4 more drill rigs will quickly be accessible to check a string of targets and construct adequate information at its Gradina goal, 1.9 kilometres south south-west of Shanac. Strickland hopes the extra drilling will help a maiden mineral useful resource estimate to be launched in the direction of the tip of the yr.

The new drilling program is essentially the most in depth undertaken by Strickland and the largest in Rogozna’s historical past and can present a main enhance to the project because the company acquired it about eight months in the past.

The 2025 exploration program would be the largest ever carried out on the project, with a minimal of 50,000m of drilling designed to proceed growing the substantial 6.69Moz AuEq useful resource base and take a look at a multitude of thrilling exploration targets throughout the project.

Throughout the company’s tenure it has considerably superior Rogozna, chalking up some spectacular wins together with discovering the Shanac skarn gold useful resource and defining a maiden 1.28m-ounce gold equal useful resource at its Medenovac deposit.

Different notable achievements embrace the invention of the Kotlovi orebody, 350m southwest of Medenovac, and defining up-dip extensions of high-grade mineralisation at Gradina. One drill gap at Gradina intersected 48.5m at 3.1g/t gold from 194.4m, together with 25.5m at 5.2g/t gold from 216.5m.

The Rogozna project options important geology that offers rise to the numerous gold and base steel mineralisation discovered on the deposit.

It sits within the western half of the ten,000km-long Tethyan Metallogenic Belt which contains the Alpine-Balkan-Carpathian-Dinaride province of the Balkans, together with Serbia.

The general Tethyan or Alpine-Himalayan orogenic system extends from Morocco in northwest Africa, by way of western Europe to southern and South East Asia. The globally vital belt is one of the world’s longest metallogenic belts – and probably its longest.

Rogozna lies squarely within the western half of the metallogenic belt which is globally acknowledged for its giant porphyry-related deposits. Its geological historical past and tectonic exercise straight control the deposit’s mineralisation.

Parts of that tectonism have offered the mandatory circumstances for the formation of large-scale gold-copper porphyry systems, that are attribute of the area and provides rise to the deposit’s mineralisation.

In addition to its latest drilling program, Strickland is advancing the Rogozna project by persevering with metallurgical take a look at work and is because of begin an in depth program of baseline environmental research within the coming weeks. All of the developments are designed to help and ship an initial mining scoping research by the tip of the yr.

Administration sees 2025 as a pivotal yr for the Rogozna project and a transformational one for the company.

Strickland stays well-funded to ship Rogozna’s biggest-ever exploration program, with $33.8 million in money and Northern Star shares as on the finish of the December quarter.

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