The strong results keep coming for Strickland Metals Ltd (ASX:STK), which has struck more high-grade mineralisation during intensive exploration at the Shanac Deposit, part of its 100%-owned Rogozna Gold and Base Metals Project in Serbia.
Exceptional results
Strickland managing director Paul L’Herpiniere said: “The Rogozna Project continues to deliver exceptional results, with further remarkable assays returned from recent drilling at the 4.6-million-ounce gold equivalent (AuEq) Shanac Deposit.
“With more than 500 metres of continuous gold and base metals mineralisation encountered in ZRSD24153, these latest results show that the mineralisation towards the northern end of the currently defined deposit remains completely open, highlighting the excellent potential to rapidly expand the resource at the project’s cornerstone deposit.
“This northern part of the resource has had the least amount of drilling which has, until now, restricted our understanding of the spatial distribution and tenor of the higher-grade mineralised zones in this part of the deposit."
Standout result
The standout result came from one of three recently drilled diamond drill holes, ZRSD24153, which intersected 545.7 metres at 1.1 g/t gold equivalent (AuEq) from 108.2 metres depth, including 102 metres at 1.7g/t AuEq from 243 metres.
This zone contained higher-grade sections such as 30 metres at 2.4 g/t AuEq from 253 metres and 21 metres at 2.6 g/t AuEq from 367 metres.
Additional assays from ZRSD24154 yielded 355.7 metres at 1.0 g/t AuEq from 189.5 metres, with 41.7 metres grading 2.4 g/t AuEq from 436.5 metres.
Meanwhile, ZRSD24156 delivered 65.8 metres at 1.1 g/t AuEq from 281.4 metres, including a high-grade interval of 9.2 metres at 4.1 g/t Au from 336 metres.
These results indicate that mineralisation at the northern end of the Shanac Resource remains open, highlighting further potential for growth.
The Rogozna Project still hosts four active drill rigs, with two focused on Shanac and others operating at the Medenovac deposit and the Gradina Prospect.
“Importantly, the higher-grade intercepts in these recent holes all sit within the previously identified central domain of the deposit,” L’Herpiniere continued.
“This is significant as it correlates with recent drilling and confirms that our updated geological model remains valid to the north, away from the greater concentration of previous drilling and more recently announced results.”
Strickland Metals remains well-funded, with A$48.7 million in cash and Northern Star Resources (ASX:NST) shares as of the June quarter.