Gold and Base Metals Discovery Lights Up Strickland's Rogozna Project
Strickland Metals (ASX: STK) has reported another outstanding high-grade gold intercept at its Gradina Prospect, part of the company's 100%-owned Rogozna Project in Serbia. The latest diamond drilling results continue to demonstrate the project's potential to become a significant gold and base metals development.
Exceptional Gold Results Extend High-Grade Zone
The newest results from diamond drill-hole ZRSD25182 returned an impressive intercept of 62.7m @ 3.5g/t gold from 386.0m depth, including:
- 27.8m @ 6.3g/t gold from 388.0m
- 4.1m @ 8.5g/t gold from 420.7m
These results are particularly significant as they extend the high-grade gold-dominant mineralisation at Gradina closer to surface. The drilling was positioned approximately 50m up-dip of a previous hole (ZRSD24168) which had intersected multiple gold-bearing zones.
"The results from hole ZRSD25182 are exceptional, revealing some of the highest gold grades seen at the Gradina system to date and over substantial widths. They further support our belief that Gradina will make a considerable contribution of high-grade ounces to the Rogozna resource inventory by late-2025," said Strickland's Managing Director, Paul L'Herpiniere.
Accelerating Exploration Across the Rogozna Project
Strickland is executing an ambitious exploration programme at Rogozna, with:
- Four diamond drilling rigs currently operating at Gradina
- Two additional rigs drilling at Shanac and Kotlovi
- A seventh rig scheduled to commence in the coming weeks
- Ongoing earthworks to provide drill access to the up-dip position at Gradina
This represents the largest-ever exploration campaign at the Rogozna Project, with the company targeting a maiden Mineral Resource Estimate for Gradina by late 2025.
Understanding the Mineralisation
The high-grade gold mineralisation at Gradina is hosted within silicified brown-garnet skarn and associated with strong pyrrhotite and pyrite alteration. The strongest gold grades are linked to zones of massive pyrrhotite mineralisation, with the geometry controlled by the bedding of the carbonate sequence.
Importantly, the mineralisation remains open up-dip toward the surface, where strong geochemical responses are evident in historical soil samples. This suggests significant potential for additional discoveries as exploration continues.
| Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) | Copper (%) | AuEq (g/t) |
|---|---|---|---|---|---|---|
| ZRSD25182 | 386.0 | 448.7 | 62.7 | 3.5 | 0.08 | 3.7 |
| Including | 388.0 | 415.8 | 27.8 | 6.3 | 0.13 | 6.5 |
| Including | 407.7 | 408.8 | 1.1 | 9.5 | 0.55 | 10.3 |
| And | 420.7 | 424.8 | 4.1 | 8.5 | 0.08 | 8.6 |
| Including | 422.8 | 424.8 | 2.0 | 13.4 | 0.07 | 13.5 |
What is Skarn Mineralisation?
Skarn deposits are formed when hot, metal-rich fluids from cooling magma interact with carbonate rocks like limestone. This interaction creates new minerals and often concentrates valuable metals like gold, copper, zinc, and lead.
At Rogozna, the mineralisation represents a large-scale magmatic hydrothermal system hosting skarn-based Au-Cu ± Zn, Ag, and Pb mineralisation. Most of the mineralisation is associated with retrograde skarn development spatially linked to quartz latite dykes.
For investors, skarn deposits are attractive because they can host high metal grades and often form part of larger mineral systems with significant resource potential.
Rogozna Project: Growing Resource Base
The Rogozna Project already hosts a substantial JORC-compliant Inferred Mineral Resource of 7.4 million ounces of gold equivalent (AuEq) across three deposits:
- Medenovac: 1.28 Moz AuEq
- Shanac: 5.30 Moz AuEq
- Copper Canyon: 0.81 Moz AuEq
Gradina is on track to add additional high-grade ounces to this inventory, with a maiden resource estimate targeted for late 2025.
Strong Financial Position
Strickland remains extremely well-funded to advance its exploration programmes, with:
- $34.8 million in cash and liquid assets as of March 31, 2025
- An additional $5 million strategic investment by Zijin Mining following the March quarter
This strong financial position ensures the company can maintain its aggressive exploration approach at Rogozna without the immediate need for additional capital raising.
Investment Opportunity
Strickland Metals presents a compelling investment case for resource investors seeking exposure to gold and base metals:
- The Rogozna Project hosts a substantial existing resource base of 7.4 million ounces AuEq
- High-grade drill results demonstrate potential for resource growth
- Multiple exploration targets across the 184 km² project area
- Strong cash position of over $39 million to fund ongoing exploration
- Strategic investment from major mining company Zijin Mining
With multiple drill rigs operating and a steady flow of results expected in the coming weeks, Strickland is positioned to deliver significant news flow throughout 2025 as it works toward a maiden resource estimate for Gradina.
Want to Invest in Serbia's Next Major Gold Discovery?
For investors seeking exposure to a rapidly advancing gold and base metals opportunity, Strickland Metals offers compelling potential with its high-grade Rogozna Project. With exceptional drill results, a substantial existing resource of 7.4 million ounces gold equivalent, and a well-funded exploration programme, now is the time to investigate this emerging story. Visit Strickland Metals' website to learn more about their expanding Serbian gold project and position your portfolio for growth.
