Strickland Metals Hits Major Copper-Gold Zone at Rogozna Project
Drilling at Strickland Metals' Copper Canyon Deposit has delivered an impressive 191.2-meter intercept of copper-gold mineralisation from just below the surface, highlighting the significant potential of the company's Rogozna Project in Serbia.
Massive Shallow Intercept Expands Development Options
Strickland Metals (ASX: STK) has reported one of the largest intercepts of copper-rich mineralisation at its Rogozna Project to date, with recent diamond drilling returning 191.2m @ 0.5g/t Au and 0.5% Cu from just 4.8m depth.
The intercept from drill hole ZRSD25214 included several higher-grade zones:
- 110.5m @ 0.6g/t Au and 0.6% Cu from 68.6m
- 25.9m @ 1.2g/t Au and 1.1% Cu from 97.9m
- 20.0m @ 0.5g/t Au and 1.0% Cu from 159.0m
This significant result reinforces the importance of the Copper Canyon Deposit within Strickland's overall development strategy for the Rogozna Project, which hosts a total mineral resource of approximately 7.4 million ounces of gold equivalent.
"These results are a timely reminder that at Copper Canyon we have an excellent outcropping copper-gold deposit including thick and coherent higher-grade zones," said Strickland's Managing Director, Paul L'Herpiniere.
Copper Canyon: An Emerging Asset Within Rogozna
The Copper Canyon Deposit currently hosts 0.81 million ounces of gold equivalent but has been overshadowed in recent years by the company's other large discoveries at Shanac, Medenovac, and Gradina.
This recent drilling demonstrates the potential to both grow and improve the Copper Canyon Resource, opening up new development options for the broader project.
The mineralisation encountered is hosted within green garnet skarn and is associated with disseminated to massive zones of chalcopyrite, pyrite, and pyrrhotite. Core photographs show impressive zones of semi-massive to massive sulphide mineralisation, including sections with up to 5.6% copper.
Understanding Skarn Deposits
Skarn deposits form through the interaction of hot, mineral-rich fluids with carbonate rocks like limestone. At Rogozna, this process has created extensive zones of copper and gold mineralisation.
These deposits are particularly valuable because they often:
- Contain multiple valuable metals (copper, gold, silver, zinc)
- Form coherent, predictable ore bodies
- Can be amenable to bulk mining methods
The skarn mineralisation at Copper Canyon is relatively flat-lying, with the valley being associated with a NW-trending syncline structure. Northeast-trending quartz diorite dykes cut across and compartmentalise the deposit, controlling the distribution of higher-grade zones near the dyke margins.
Aggressive Drilling Campaign Continues
Strickland currently has seven diamond drilling rigs operating at Rogozna, with three rigs dedicated to drilling at the southern end of the Gradina Deposit to support the delivery of a maiden Mineral Resource Estimate by late 2025.
One rig is operating at the Shanac Deposit, and three rigs are focused on discovery drilling across the project area. Additional assay results are pending, with further results expected in the coming weeks.
Robust Financial Position
Strickland remains well-funded to continue its aggressive exploration and resource definition program, with cash and liquids totalling $52.4 million as of June 30, 2025.
Investment Thesis: Why Consider Strickland Metals?
Growing Resource Base
Strickland's Rogozna Project already hosts a substantial resource of approximately 7.4 million ounces of gold equivalent across multiple deposits:
- Shanac: 5.30Moz AuEq
- Medenovac: 1.28Moz AuEq
- Copper Canyon: 0.81Moz AuEq
The recent drilling at Copper Canyon highlights the potential for resource growth beyond the current inventory.
Near-Surface, High-Grade Zones
The presence of high-grade zones starting from shallow depths could potentially lower initial capital costs and improve early cash flows in a development scenario.
Multi-Metal Opportunity
The project's copper-gold profile provides investors with exposure to both precious and base metals, potentially offering some hedge against price fluctuations in either commodity.
Exploration Upside
With seven drill rigs currently operating and a 50,000m drilling campaign underway, Strickland is actively pursuing both resource growth and new discoveries across the Rogozna Project.
Strong Cash Position
With $52.4 million in cash and liquids, the company is well-funded to continue its aggressive exploration and development activities without the immediate need for additional capital.
Why Investors Should Pay Attention
Strickland Metals represents an opportunity to invest in a growing gold-copper resource in a mining-friendly European jurisdiction. The company's multi-deposit Rogozna Project offers significant scale with approximately 7.4 million ounces of gold equivalent resources already defined.
The recent drilling result at Copper Canyon demonstrates that significant potential remains to grow and improve these resources, with impressive grades and widths encountered from shallow depths. With multiple drilling programs currently underway and a well-funded treasury, Strickland is positioned to deliver a steady stream of news flow as it advances the project toward development.
For investors seeking exposure to gold and copper assets with defined resources, exploration upside, and a clear pathway to development, Strickland Metals warrants consideration as a compelling investment opportunity in the mid-tier mining sector.
Ready to Capitalise on Strickland's Copper-Gold Potential?
Discover why Strickland Metals' Rogozna Project is attracting attention with its impressive 7.4 million ounces of gold equivalent resources and recent exceptional drill results. For investors seeking exposure to a well-funded exploration company with significant precious and base metals upside, visit Strickland Metals' website to learn more about this compelling investment opportunity in Serbia's emerging mining district.
