Strickland Metals Ltd (ASX:STK) has unearthed an exceptionally broad intersection of gold mineralisation at the Medenovac prospect of the Rogozna Project in Serbia, striking 365.8 metres at 2.0 g/t gold equivalent from 198.4 metres of depth in drill hole ZRSD24157, with several higher-grade components contained within.
The higher-grade components included 50 metres at 5.6 g/t gold from 271.5 metres, 19.8 metres at 2.8 g/t gold from 333 metres, and 24 metres at 3.6 g/t gold from 468.2 metres.
The result is equal to 728 on a gram by metres gold equivalent basis, representing the third-best hole ever drilled on the project tenure.
Rapid drilling progress with strong results
Strickland Metals managing director Paul L’Herpiniere said the drilling results were a testament to the quality of the Serbian team, producing two of the best three drill intercepts ever encountered at the project within just a few months.
“These latest results, from ongoing drilling at the Medenovac Prospect, are crucial as they provide further evidence that the core of the deposit hosts a significant body of high-grade mineralisation,” L’Herpiniere said
“This hole was drilled about 60 metres along strike to the south-east of historical hole ZRSD21136 – which hit 97.7 metres at 5.1g/t gold equivalent within a broader 352.1-metre mineralised zone – and was aiming to extend the more than 300-metre-thick body of gold, copper and zinc mineralisation that was encountered in that earlier hole.
“With these latest results, we have now defined a massive body of high-grade mineralisation extending over a strike length of about 150 metres at the southern end of the deposit, with the mineralisation remaining open along strike and at depth.”
Strickland expects to produce a maiden mineral resource estimate for Medenovac early in 2025.
Follow-up drilling already underway
“We have recently completed a follow-up hole to ZRSD24157, with ZRSD24159 drilled up-dip and to the east, with assay results expected in coming weeks,” L’Herpiniere continued.
“In addition, we have several holes from ongoing drilling at the 4.6-million-ounce Shanac deposit currently undergoing analysis at the lab, including two holes that were drilled as a follow-up to the spectacular intersection of 89.7 metres at 4.0g/t gold in ZRSD241494.
“We look forward to updating the market with these further results as they come to hand.”
With four drill rigs turning across the Rogozna Project and assay results pending for multiple holes, there should be plenty of news coming from the company within the next few weeks to months.
Strickland says its well-funded to pursue exploration across Rogozna, with $48.7 million in cash and Northern Star Resources (ASX:NST) shares in hand at the end of the June quarter.