Strickland Metals Limited (ASX:STK) Reports Significant Exploration Results at Rogozna Project
Exploration Results
Strickland Metals Limited (ASX:STK) has intersected over 490 metres of porphyry-related veining, alteration, and gold anomalism at the Jezerska Reka prospect within the Rogozna Gold and Base Metals Project in Serbia. The recently expanded Mineral Resource base now stands at 6.69Moz AuEq, driven by significant findings from drill hole ZRJD24002, which reported 493 metres at 0.14g/t Au from 223.6 metres.
Technical Assessment
An independent technical review by Dr David Cooke highlighted the continuous gold anomalism and biotite-pyrite alteration, suggesting proximity to a broad porphyry Au-Cu centre. The assessment indicates that while ZRJD24002 likely drilled away from the core, the results provide a clearer direction for future drilling efforts.
Future Plans
Strickland Metals plans to commence additional drilling at Jezerska Reka in early April, targeting the resistivity low anomaly identified west of the current drill holes. A new geochemical target, Jezerska North, will also undergo drill testing. Additionally, a Magneto-Telluric (MT) survey is being arranged to enhance targeting in areas overlain by younger volcanics.
Executive Comments
Managing Director Paul L’Herpiniere stated, “To intercept almost 500 metres of porphyry-related veining and associated alteration in just the second hole drilled at Jezerska Reka is a highly encouraging development. The potential for a large-scale porphyry discovery at Rogozna adds to the already substantial potential of what is a very large gold and base metals project with an already globally significant – and growing – resource inventory. We look forward to unlocking this immense opportunity for the benefit of all stakeholders.”
Motley Fool contributor Abbie Stokes 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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