Strickland Metals Extends High-Grade Zones at Rogozna’s Shanac Deposit

Strong Start to 2025 Exploration

Strickland Metals Limited (ASX: STK) has reported promising assay results from the initial two diamond drill holes of its 2025 campaign at the Rogozna Project in Serbia. The focus remains on the Shanac Deposit, a cornerstone asset within the 7.4 million ounce gold equivalent (AuEq) Rogozna resource. Early results reveal extensive bulk-tonnage mineralisation with multiple internal higher-grade zones, extending the known footprint of mineralisation on the western side of Shanac’s Central Domain.

High-Grade Intercepts Highlight Resource Upside

The standout intercepts include 251.6 metres at 1.3g/t AuEq from 341.9 metres downhole in hole ZRSD25175, and 265 metres at 1.2g/t AuEq from 366.1 metres in hole ZRSD25176. Notably, these intervals contain higher-grade sections such as 58.1 metres at 2.3g/t AuEq and 66.8 metres at 2.7g/t AuEq respectively. The 66.8m intercept at 2.7g/t AuEq represents a significant extension of higher-grade mineralisation, exceeding the current resource model by more than 50% in grade at that location. This bodes well for an upgrade to the Shanac resource estimate in due course.

Robust Drilling Program and Funding

Strickland is operating six diamond drilling rigs across the Rogozna Project, with four rigs focused on the Gradina deposit, one on Shanac, and another following up the recent Kotlovi discovery from late 2024. The company is well-capitalised to execute its largest-ever exploration program at Rogozna, holding $34.8 million in cash and liquid assets as of March 31, 2025, supplemented by a $5 million strategic investment from Zijin Mining post-quarter. This financial strength supports ongoing aggressive drilling and resource definition efforts.

Geological Context and Mineralisation Style

The Rogozna Project hosts a large-scale magmatic hydrothermal system with skarn-hosted gold, copper, zinc, silver, and lead mineralisation. The recent drill holes targeted the skarn-andesite contact zones, which have shown both bulk tonnage and higher-grade mineralisation styles. Mineralisation is associated with disseminated to semi-massive sulphide zones containing pyrite, chalcopyrite, sphalerite, and galena, consistent with the deposit’s known geology and metallurgical characteristics.

Looking Ahead

Assay results remain pending for seven additional drill holes, including two at Shanac and three at Gradina, with further updates expected in the coming weeks. The company’s Managing Director, Paul L’Herpiniere, emphasised the strong start to the year and the potential for further resource growth and development optionality. Investors and analysts will be watching closely as the 2025 drilling campaign accelerates and more data emerges to refine the project’s economic outlook.