Strickland Metals (ASX:STK) Reports High-Grade Drilling Results at Rogozna Project
Drilling Results
Strickland Metals Limited announced high-grade drilling results from the Gradina Prospect at its Rogozna Gold and Base Metals Project in Serbia. Significant intercepts include 14.3m @ 8.0g/t Au from 516.9m (ZRSD24174), 6.0m @ 4.7g/t Au from 430.7m and 6.0m @ 5.7g/t Au from 554.1m (ZRSD24171), and 12.0m @ 3.6g/t Au from 441.1m (ZRSD24168). These results confirm the continuity of high-grade gold mineralisation over approximately 1,000 metres of strike and 900 metres of vertical extent. Mineralisation remains open in all directions, including up-dip where 150 to 400 metres below surface remains untested.
Future Plans
Strickland plans to commence a six-rig drilling campaign in early March 2025, focusing on the shallow, up-dip projection of the high-grade gold mineralisation at Gradina. The company is on track to release a maiden Mineral Resource Estimate for the Medenovac deposit by late February 2025, with an updated estimate for the Shanac Deposit expected by late March and Gradina in the second half of 2025. These updates are anticipated to provide investors with a clear view of the significant growth potential at Rogozna.
Financial Position
Strickland Metals remains well-funded with $33.8 million in cash and NST shares as of the end of the December Quarter. This strong financial position supports the ongoing and planned exploration activities at the Rogozna Project.
Executive Comments
Managing Director Paul L’Herpiniere stated, “These latest results from Gradina have further validated our belief that this under-explored gold system has the potential to add considerable high-grade ounces to the Rogozna resource inventory. The incredible run of exploration success we are enjoying continues to underline the scale and upside of the project, as well as reinforce the exceptional development optionality that Rogozna offers.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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