Strickland Metals Ltd is making significant strides in its exploration efforts at the Rogozna gold and base metals project in Serbia, with recent drilling results indicating the potential for a major new gold discovery.
Strong early results at Kotlovi prospect
Recent scout drilling at the Kotlovi prospect, located about 350 meters west of the established Medenovac deposit, has revealed promising gold and base metal mineralisation. Key highlights from the latest drill results include:
- 40.3 metres at 2.6 g/t gold, with a high-grade interval of 12 metres at 5.7 g/t gold.
- 17 metres at 3.5 g/t gold equivalent (AuEq) from 744.7 metres, which includes 11 metres at 4.6 g/t AuEq.
The gold equivalent grade factors in additional valuable metals such as copper, silver, lead, and zinc, all of which enhance the economic potential of the find.
The diversity of the mineralisation styles encountered, including skarn-hosted gold and base metals as well as breccia-hosted mineralisation, further underscores the geological richness of the prospect.
Potential link to Medenovac
The geological characteristics of the Kotlovi prospect appear to share similarities with the Medenovac deposit, raising the possibility that the two may be connected. This connection could significantly increase the overall resource potential of the Rogozna project.
Managing Director Paul L’Herpiniere expressed his enthusiasm about the discovery: “The Kotlovi discovery is a particularly satisfying one for our team, as to deliver a greater than 100 GxM intercept in the first exploration holes into a large new target is a rare achievement. This success further validates our approach and highlights the immense geological potential of this exceptional project.”
Scaling up exploration
Strickland’s exploration team has already mapped and sampled historical surface workings in 2022, and these recent drilling results reinforce their targeting strategy. With the discovery of Kotlovi, the company plans to expand its efforts with follow-up drilling to better define the mineralised zones and assess their scale and continuity.
“We now turn our attention to planning follow-up holes to scope out the ultimate scale of the discovery, identify geological controls on higher-grade zones, and explore the potential for shallower mineralisation,” said L’Herpiniere.
The company is also investigating the potential connection between Kotlovi and Medenovac, as the proximity of the two deposits could suggest a much larger mineralised system. The mineralised volume at Kotlovi spans approximately 500 metres in length, 200 metres in width, and 700 metres vertically, with mineralisation remaining open in all directions.
What’s next?
Strickland has ramped up exploration at Rogozna with four drill rigs currently on-site. In addition to follow-up drilling at Kotlovi, the company is also testing mineralisation extensions at the nearby Gradina prospect and exploring porphyry-related targets at Jezerska Reka.
With a strong cash position of A$41.1 million and a rapidly growing discovery pipeline, Strickland Metals is well-funded to pursue an aggressive exploration campaign in one of Serbia’s most promising mining districts.
The Rogozna project is quickly establishing itself as a Tier-1 asset, with multiple deposits emerging in an under-explored 184-square-kilometre licence area, further solidifying Strickland’s position in the global exploration scene.