Strickland Metals Ltd (ASX:STK) has hit an intercept of 50 metres at 5.6 grams per tonne (g/t) gold equivalent (AuEq) within 365.8 metres at 2.0g/t AuEq at its Rogozna gold and base metals project in Serbia.
Strickland has been conducting a diamond drilling program at the Medenovac prospect, and has been able to increase its mineralisation through the discovery of an extensive zone of gold and associated base metals.
In only one hole, this included 365.8 metres at 2.0g/t AuEq from 198.4 metres, including: 50 metres at 5.6g/t AuEq from 271.5 metres; and 19.8 metres at 2.8g/t AuEq from 333 metres; and 24.0 metres at 3.6g/t AuEq from 468.2 metres.
This intercept represents the best hole ever drilled at Rogozna, equating to 728 on a Gram x Metre (AuEq) basis. It has also extended the ‘high-grade core’ of Medenovac a further 60 metres along strike to the south-east from the discovery section, where historical drill-hole ZRSD21136 intersected.
The latter has previously revealed 97.7 metres at 5.1g/t AuEq within a broader zone of 352.1 metres at 2.1g/t AuEq from 240.2 metres.
This means that Medenovac has now been defined as hosting thick and high-grade mineralisation over approximately 150 metre strike length.
An initial mineral resource estimate for the prospect is expected in early 2025.
Managing director Paul L’Herpiniere said these results were crucial to proving that the core of the deposit holds a significant body of high-grade mineralisation.
“It’s a testament to the quality of our team in Serbia that, within the first few months of exploration under the Strickland banner, we have delivered two of the best three drill intercepts ever encountered at the Rogozna Project,” he said.
“With these latest results, we have now defined a massive body of high-grade mineralisation extending over a strike length of ~150m at the southern end of the deposit, with the mineralisation remaining open along strike and at depth.”
Strickland’s shares moved up on the news, and at 13:35 AEST, they were trading at 9.7 cents – a rise of 3.19% since the market opened.
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