Open-Ended Mineralisation at Gradina Raises Stakes Ahead of Resource Estimate
Strickland Metals reports strong drilling results at its Gradina Deposit within Serbia’s Rogozna Project, setting the stage for a maiden Mineral Resource Estimate later this year. The deposit continues to grow with significant gold and zinc intercepts, supported by robust funding and active drilling.
- Multiple high-grade gold and zinc assay intercepts at Gradina Deposit
- Deposit remains open in all directions, including near surface
- Maiden Mineral Resource Estimate targeted for late 2025
- Eight diamond drilling rigs active across Rogozna Project
- Company holds $52.4 million in cash and liquids
Drilling Success at Gradina
Strickland Metals Limited (ASX – STK) has announced further encouraging assay results from its ongoing diamond drilling campaign at the Gradina Deposit, a key component of the ~7.4 million ounce gold equivalent Rogozna Gold and Base Metals Project in Serbia. Recent drill holes have returned multiple significant intercepts of gold and zinc mineralisation, reinforcing the deposit’s potential and underpinning plans for a maiden Mineral Resource Estimate (MRE) by late 2025.
Significant Intercepts and Deposit Growth
The latest assays include notable intercepts such as 49.0 metres at 1.4 grams per tonne gold from 331.2 metres depth, with higher-grade zones within this interval reaching up to 6.2 grams per tonne. Other drill holes have returned strong gold grades combined with zinc, including 36.0 metres at 1.5 grams per tonne gold and 4.1% zinc from 250 metres. These results highlight the skarn-hosted nature of the mineralisation, with gold often associated with zinc and other base metals, and confirm the deposit remains open in all directions, including towards the surface.
Operational Momentum and Funding
Strickland is operating eight diamond drilling rigs across the Rogozna Project, with three rigs currently focused on Gradina to support the upcoming resource estimate. The company’s Managing Director, Paul L’Herpiniere, emphasised the importance of Gradina as a driver for resource growth, noting the recent drilling success at both the northern and southern ends of the deposit. Financially, Strickland remains well-capitalised, holding $52.4 million in cash and liquid assets as of June 30, 2025, providing a solid foundation for continued exploration and development.
Geological Context and Exploration Outlook
The Rogozna Project lies within a complex geological setting marked by skarn alteration and magmatic hydrothermal systems, which have produced significant gold and base metal mineralisation. The Gradina Deposit’s mineralisation is controlled by carbonate skarn sequences and quartz diorite intrusions, with high-grade zones spatially associated with these geological features. Ongoing drilling aims to further delineate the deposit’s extent and support the maiden MRE, with additional assay results expected in the coming weeks.
Looking Ahead
With drilling advancing and resource estimation on the horizon, Strickland Metals is positioning Gradina as a cornerstone asset within the Rogozna Project. The combination of strong assay results, open-ended mineralisation, and robust funding sets a promising stage for the company’s next phase of growth and value creation.
Bottom Line?
Strickland’s Gradina Deposit continues to build momentum, with a maiden resource estimate poised to reshape the project’s outlook.
Questions in the middle?
- How will the upcoming maiden Mineral Resource Estimate quantify the recent drilling success?
- What impact could further assay results have on the overall Rogozna Project resource profile?
- How will Strickland balance exploration expenditure with advancing towards development milestones?
