Strickland eyes Serbian gold-base metal resource | Australian Markets

Strickland Metals has kicked off its 2025 Serbian exploration marketing campaign in fashion, hanging a pair of thick, high-grade hits together with a standout 66.8-metre part grading 2.7 grams per tonne (g/t) gold equal at its Shanac deposit, which is an element of the company’s monster 7.4-million-ounce gold equal Rogozna project.

The company’s first two drill holes each punched into big, mineralised zones up to 265m vast, which have been every laced with giant high-grade sweetener sections.

The first gap went straight by way of the heart of Shanac’s predominant mineralised zone – dubbed the Central Domain – and didn’t disappoint. It returned a monster gold equal intercept of 251.6m at 1.3g/t from 341.9m, together with a scorching 58.1m at 2.3g/t gold equal and a few mouth-watering subzones peaking at 6.7g/t gold equal.

A second gap was drilled about 100m to the northeast of the primary. It hit an equally spectacular gold equal part of 265.0m grading 1.2g/t from 366.1m, with a juicy 66.8m hit going 2.7g/t gold equal from 423.8m and topping out at 7.5g/t gold equal over 1.3m.

The shock strike from gap two lit up the western flank of the Central Domain – an space beforehand regarded as decrease grade and even barren – and has provided the company the tantalising prospect of additional high-grade extensions.

Notably, the richer zones in each holes graded more than 50 per cent greater than the remainder of the deposit, which has blown Strickland’s geological model at Shanac vast open.

The company says the latest outcomes served up a lot of food for thought and a severe resource improve at Shanac might now be firmly on the menu. Assays are nonetheless pending for 2 more holes from the deposit.

These outcomes additional reinforce the size and endowment of the Shanac deposit, underlining its business development potential and optionality as evidenced each by bulk tonnage and higher-grade mineralisation types.

The Shanac deposit already hosts 150 million tonnes grading 1.1g/t in gold, copper, lead, zinc and silver credit for a 5.3-million-ounce gold equal resource. It is only one piece of Strickland’s bigger Rogozna puzzle, which incorporates different superior deposits similar to Medenovac, which has a 1.28M-ounce gold equal resource, and the 810,000-ounce gold equal Copper Canyon deposit.

Strickland now has a complete of six diamond rigs hammering out the metres at Rogozna, together with one at Shanac and 4 at its thrilling gold-only Gradina prospect, the place it’s hopes to ship a maiden resource later this 12 months.

A sixth fact teller is sticking holes into the company’s thrilling Kotlovi prospect to observe up on a 2024 discovery gap, which struck a 12m intercept grading 5.7g/t gold, within a bigger part of 40.3m working at 2.6g/t gold from 558m.

Strickland is sitting on a struggle chest of almost $34.8 million as of March 31, which was topped up when the $US60 billion Chinese mining giant Zijin Mining threw an extra $5M into the pot.

With Zijin Mining on the register, Strickland has a severe heavyweight in its nook and it’s not exhausting to see why that’s massive news. Zijin can ship Strickland with its world firepower and a few deep native clout, significantly in Serbia, the place it’s already a dominant participant.

Zijin runs the large Čukaru Peki and Bor copper-gold operations in Serbia, which host a jaw-dropping 34Mt copper and 29M ounces gold within the ground. The two mines pumped out 300,000t of copper and 250,000 ounces of gold in 2024 to cement Zijin’s standing as a powerhouse within the area.

With momentum building, rigs buzzing and a few high grades rolling in, Strickland seems on monitor for a transformational 12 months in Serbia.

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