Strickland touts big resource lift at Serbian | Australian Markets

Strickland Metals has pulled off one other sturdy resource improve of 670,000 gold equal ounces at its Serbian Rogozna gold and base metals project in a blockbuster replace to its flagship Shanac deposit.

The uplift now takes Rogozna’s international resource to 7.4 million ounces – an increase of 2m ounces since Strickland took on the project 9 months in the past. The new ounces haven’t price the earth, coming in at a discovery fee of $3 per ounce.

Shanac now hosts 150 million tonnes of ore for five.3m gold equal ounces grading 1.1 grams per tonne (g/t). Contributing to the increase, contained gold has been amped up by 17 per cent, contained copper is up 38 per cent and zinc stocks have elevated by 40 per cent.

The resource additionally consists of a higher-grade core of 32mt for 1.85m gold equal ounces working at 1.8g/t, which interprets into a 15,000-gold equivalent-ounce resource per vertical metre working 300m in depth.

According to management, this spectacular enrichment may very well be accessed from a near-horizontal level on a neighbouring ridge instantly to the east of the project, giving the miner the right launching pad for underground development.

Strickland credit the success of its 2024 drilling marketing campaign to a sensible, superior modelling technique, known as Multiple Indicator Kriging. The method has helped improve the company’s understanding of the project geology by making its model more correct.

The discovery of a central quartz diorite dyke as a key geological control was a central discovering. The construction seems to draw a number of high-grade mineralised sections between 5 metres and 50m large both facet of the formation. It confirmed higher continuation of mineralisation than beforehand thought.

Armed with this new data, Strickland now plans to herald a diamond rig to drill out the northern part of Shanac. Earlier hits there of 8m at 7.4g/t gold from 327.5m and 9m working 3g/t gold from 415m supplied a tantalising glimpse of the treasures which will lay beneath.

The purpose for Shanac in 2025 is to proceed to improve the definition of the higher-grade mineralisation zones which underpin the ~15,000 ounces per vertical metre contained within the core of the deposit.

As Strickland strikes into the second quarter of the yr, the company has a busy schedule. It has kicked off a repeat of its 2024 exploration program with a equally sized 50,000m diamond drilling marketing campaign throughout the broader Rogozna project space.

The company can also be as a consequence of replace the resource shortly at its Medenovac prospect, which at the moment accommodates 1.28m gold equal ounces.

Additionally, Strickland will quickly release a maiden resource assertion on the Gradina prospect, which has the potential to lift more than a few eyebrows.

After choosing up huge hits final yr, together with 48.5m grading 3.1g/t gold from 194m and 67.5m working at 2.7g/t gold from 476m, the company believes the principally gold Gradina prospect now stretches throughout a 1000m strike and down to 900m in depth.

Adding to its promising Serbian endeavours, Strickland is pushing full steam forward on plans to increase its gold stock at the company’s 257,000-ounce Horse Well camp in Western Australia’s northeastern Goldfields.

Positioned within Strickland’s broader Yandal gold project, the Horse Well gold camp spans 70 sq. kilometres of potential greenstone rock alongside the Celia shear zone. It is 50km north of Northern Star Resources’ large 10m-ounce Jundee gold project.

Recent metallurgical testing on its key Palomino deposit notched up an spectacular 88.6 per cent restoration fee, whereas a ground gravity survey has kicked off throughout its huge 7.5km intrusion-related gold goal at the company’s 108,900-ounce Dusk ‘til Dawn prospect.

An extensive drilling campaign was completed at site last year, targeting high-value ounces from shallow oxide material at the Palomino and Warmblood deposits, which are considered suitable for open pit mining.

Several other advanced targets including Bronco, Konik and Marwari were also hit up with the drill bit to improve the company’s understanding of and confidence in Horse Well’s mineralisation, because it strikes in direction of releasing a much-anticipated resource replace.

Strickland has a hefty $33.8m in money and Northern Star shares available as of the December quarter, which is more than enough fuel to energy its daring exploration plans. The cashed-up company is able to roll.

As the price of the yellow steel toys with all-time highs and inches in direction of the $5000 per ounce mark, Strickland seems to have timed its gold-related bulletins to perfection. Punters are prone to be laser-focused on any news circulate that might firmly place the company on the map as a important participant within the assets panorama.

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