Strickland Metals Advances Major Porphyry Copper-Gold Exploration at Rogozna
Strickland Metals has launched a new exploration campaign targeting a large porphyry copper-gold system at its Rogozna Project in Serbia, supported by advanced geophysical surveys and strong funding.
- Follow-up drilling underway at Jezerska Reka porphyry copper-gold target
- Ground gravity and Magnetotelluric surveys initiated to identify blind deposits
- Rogozna Project hosts a 7.4 million ounce gold equivalent resource
- Company well-funded with $34.8 million cash plus $5 million strategic investment from Zijin Mining
- Drill-testing of new targets planned through remainder of 2025
Exploration Reignited at Rogozna
Strickland Metals Limited (ASX, STK) has commenced a significant new phase of exploration at its Rogozna Gold and Base Metals Project in Serbia, focusing on a large-scale porphyry copper-gold system. The project, which already boasts a substantial 7.4 million ounce gold equivalent resource, is now the subject of follow-up drilling at the Jezerska Reka target, where previous holes revealed extensive porphyry-related veining and alteration.
The current drilling campaign aims to test the interpreted centre of this porphyry system, a critical step in delineating the full extent of mineralisation. This effort is complemented by systematic ground geophysical surveys designed to uncover additional hidden targets beneath younger volcanic cover that masks the underlying geology.
Advanced Geophysical Surveys to Unlock Hidden Targets
Strickland has initiated a 50m by 50m ground gravity survey to map density contrasts within the Central Porphyry Target area. This will be followed by a Magnetotelluric (MT) survey, which measures subsurface conductivity variations, a key indicator of mineralisation at depth. These surveys are expected to take approximately three months and are anticipated to generate multiple new drill targets for blind porphyry deposits.
The Central Porphyry Target area is particularly intriguing due to its geological setting. It lies at the centre of a roughly circular magmatic system and is overlain by younger volcanic rocks, which have historically obscured exploration efforts. The presence of extensive skarn alteration surrounding this zone and the proximity to the major Skadar-Pec transform fault further enhance its prospectivity, drawing parallels to world-class skarn-porphyry systems globally.
Strong Funding and Strategic Partnerships
Financially, Strickland is well-positioned to advance its exploration ambitions, holding $34.8 million in cash and liquid assets as of the March 2025 quarter-end. This strong balance sheet was further bolstered by a $5 million strategic investment from Zijin Mining, a major player in the global mining sector, underscoring confidence in the project’s potential.
Managing Director Paul L’Herpiniere expressed enthusiasm about the campaign, highlighting the team’s eagerness to unlock the world-class potential of the Rogozna porphyry system. The integration of drilling with detailed geophysical surveys is expected to accelerate target identification and resource expansion throughout 2025.
Looking Ahead
As the current drill-hole at Jezerska Reka progresses towards the interpreted centre of the porphyry system, the market awaits assay results that could confirm the scale and grade of mineralisation. The combination of geological, geochemical, and geophysical data positions Strickland to potentially expand its resource base significantly, reinforcing Rogozna’s status as a premier exploration asset in Serbia.
Bottom Line?
Strickland’s integrated exploration approach and strong funding set the stage for potentially transformative discoveries at Rogozna in 2025.
Questions in the middle?
- Will the current drilling at Jezerska Reka confirm higher-grade mineralisation at the porphyry system’s centre?
- How will the upcoming gravity and MT surveys reshape the understanding of blind targets beneath volcanic cover?
- What strategic role will Zijin Mining’s investment play in accelerating development or future partnerships?
