Can Strickland’s Aggressive Drilling Unlock Rogozna’s Full Potential?
Strickland Metals has ramped up exploration at its Rogozna Project in Serbia by deploying an eighth diamond drill rig focused on expanding a promising high-grade gold zone within the Shanac Deposit. The company’s strong cash position and recent strategic investment underpin its aggressive growth strategy.
- Eighth diamond rig begins drilling at Rogozna’s Shanac Deposit
- Focus on expanding high-grade gold zone discovered in 2024
- Multiple assay results pending from key prospects
- Strong financial position with $34.8 million cash plus $5 million from Zijin Mining
- Shanac Deposit holds 5.4Moz gold equivalent within 7.4Moz Rogozna Project
Accelerating Exploration at Rogozna
Strickland Metals Limited has intensified its exploration efforts at the Rogozna Gold and Base Metals Project in Serbia by commissioning an eighth diamond drill rig. This latest rig is dedicated to probing the central domain of the Shanac Deposit, where a significant high-grade gold zone was uncovered in 2024. The discovery included impressive intercepts such as nearly 90 meters grading 4.0 grams per tonne gold, highlighting the deposit’s potential to underpin a robust mining operation.
The company’s Managing Director, Paul L’Herpiniere, emphasised that the additional rig will enable the team to test lateral extensions of this high-grade zone, which is critical for refining resource estimates and advancing mine planning. With eight rigs now active, Strickland is clearly positioning itself to deliver multiple resource upgrades and potentially unlock further discoveries within the Rogozna project area.
Resource Context and Project Scale
The Shanac Deposit currently boasts an inferred resource of 5.4 million ounces gold equivalent, making it the largest of four skarn-hosted deposits within the broader 7.4 million ounce Rogozna Project. The ongoing drilling program is focused on the western side of Shanac’s central domain, targeting the contact zone between skarn and andesite rock formations, a geological setting known to host significant mineralisation.
Recent drilling results from 2024 have revealed broad zones of high-grade gold mineralisation, which are now the focus of detailed follow-up drilling. The company expects assay results from multiple holes drilled across Shanac, Gradina, and Kotlovi prospects in the coming weeks, which will provide further clarity on grade continuity and resource expansion potential.
Financial Strength and Strategic Backing
Strickland’s exploration momentum is underpinned by a strong balance sheet, with $34.8 million in cash and liquid assets reported as of March 31, 2025. This financial strength was further bolstered by a $5 million strategic investment from Zijin Mining, a major player in the global mining sector, shortly after the quarter ended. This capital injection not only supports ongoing drilling but also signals confidence from a significant industry partner in the project’s long-term prospects.
With multiple rigs operating and assay results pending, Strickland is well-positioned to advance resource modelling and mine optimisation studies. These developments are crucial steps toward unlocking the full value of the Rogozna Project and potentially accelerating its path to production.
Looking Ahead
As Strickland continues to delineate the high-grade gold zones within Shanac and other prospects, the market will be watching closely for assay results that could validate the company’s resource growth ambitions. The combination of geological potential, operational scale, and financial backing sets the stage for what could be a transformative period for the Rogozna Project.
Bottom Line?
Strickland’s expanded drilling campaign and strong funding set the stage for potential resource upgrades that could reshape Rogozna’s development trajectory.
Questions in the middle?
- Will upcoming assay results confirm extensions of the high-grade gold zone at Shanac?
- How will Zijin Mining’s strategic investment influence Strickland’s project development plans?
- What impact will new drilling data have on the timing and scale of potential mine production?
