Strickland Metals (ASX:STK) Commences Major Rogozna Drilling Program
Exploration Update
Strickland Metals Limited (ASX: STK) has commenced its 2025 exploration program at the Rogozna Gold and Base Metals Project in Serbia, targeting an expansion of the existing 6.69Moz AuEq resource. The new 50,000m diamond drilling program focuses on the high-grade gold skarn at the Shanac deposit.
Drilling Highlights
The first two rigs have begun drilling at the Shanac deposit, achieving significant intercepts such as 89.7m @ 4.0g/t Au, including 24.1m @ 10.5g/t Au. An additional four rigs are expected to start soon, testing various exploration targets and aiming to deliver a maiden Mineral Resource Estimate for the Gradina deposit by late 2025. The updated MRE for the Shanac Deposit is on track for late March.
Financial Position
Strickland Metals is funded with $33.8 million in cash and NST shares as of the December Quarter, supporting the largest-ever exploration program at Rogozna.
Executive Comments
Strickland’s Managing Director, Paul L’Herpiniere, stated, “After a short winter break, the team in Serbia is excited to have re-commenced drilling at Rogozna. The 2025 exploration program will be the largest ever conducted at the Project, with a minimum of 50,000m of drilling designed to continue growing the substantial 6.69Moz AuEq resource base and test a multitude of exciting exploration targets across the project. We are also advancing the project on several other fronts, with metallurgical testwork continuing and an extensive program of baseline environmental studies due to commence in the coming weeks, all designed to deliver an initial mining Scoping Study by the end of the year. The 2025 year stands to be a pivotal year for the project and a transformational one for Strickland.”
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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