Strickland Metals reports strong gold assay results from its Gradina Prospect within the Rogozna Project, reinforcing the potential for a maiden resource estimate by late 2025.
- Significant high-grade gold intercepts at Gradina Prospect
- Mineralisation remains open in all directions, including towards surface and at depth
- Eight diamond drilling rigs active, with five focused on Gradina
- Maiden Mineral Resource Estimate targeted for late 2025
- Strong financial position bolstered by $5 million Zijin Mining investment
Robust Gold Intercepts Reinforce Gradina's Potential
Strickland Metals Limited (ASX – STK) has released encouraging assay results from its ongoing diamond drilling program at the Gradina Prospect, part of the larger Rogozna Gold and Base Metals Project in Serbia. The latest batch of drill holes has returned multiple high-grade gold intercepts, including a standout 34.4 metres grading 2.6 grams per tonne gold starting at 329.5 metres depth. These results confirm the continuity of gold-dominant mineralisation and align well with the company's geological model.
Expanding Mineralisation and Drilling Momentum
Importantly, the mineralised zone at Gradina remains open in all directions, including up-dip towards surface where strong geochemical anomalies have been identified in soil samples. Drilling has also confirmed thickening of mineralisation at depth, suggesting further resource upside. Currently, eight diamond rigs are active across the Rogozna Project, with five dedicated to advancing the Gradina deposit. This intensive drilling campaign supports Strickland's goal of delivering a maiden Mineral Resource Estimate (MRE) for Gradina by late 2025.
Strategic Funding and Project Outlook
Strickland remains well-capitalised, reporting $34.8 million in cash and liquid assets as of the March 2025 quarter-end. This financial strength was further enhanced by a $5 million strategic investment from Zijin Mining, a major player in the global mining sector. The partnership not only provides capital but also validates the project's potential on an international scale. With a robust drilling program underway and a clear pathway to resource definition, Gradina is emerging as a key asset within Strickland’s portfolio.
Geological Context and Exploration Confidence
The Gradina Prospect hosts skarn-style gold mineralisation associated with silicified brown-garnet skarn and sulphide alteration, including pyrrhotite, pyrite, galena, and sphalerite. The mineralisation geometry is controlled by the bedding of carbonate sequences, dipping moderately to the southwest. The consistency of assay results across multiple drill holes reinforces confidence in the geological model and supports ongoing exploration and resource estimation efforts.
Looking Ahead
As drilling progresses into the southern part of the Gradina deposit, further assay results are anticipated in the coming weeks. These will be critical in refining the geological understanding and underpinning the maiden MRE. Strickland’s methodical approach, combined with strong financial backing and strategic partnerships, positions the company well to unlock the full potential of the Rogozna Project.
Bottom Line?
With high-grade gold intercepts confirming the model and drilling intensifying, Gradina’s maiden resource looms as a pivotal milestone.
Questions in the middle?
- How will upcoming assay results from southern Gradina influence the maiden resource estimate?
- What impact will Zijin Mining’s strategic investment have on project development timelines?
- Could further drilling reveal extensions that significantly increase the Rogozna Project’s gold inventory?