Proactive’s Tylah Tully breaks down Just the Facts of the latest news from Strickland Metals Ltd (ASX:STK).
The company has identified new exploration targets at its Rogozna Gold and Base Metals Project in Serbia, along strike from the existing 5.4-million-ounce gold equivalent resource. These new targets, Jezerska Reka and Obradov Potok, show strong chargeability anomalies based on recent IP survey data, which are larger and stronger than those at the Shanac and Copper Canyon deposits.
A review of historical drilling at one target confirmed porphyry-related alteration and veining, making it a high-priority target for porphyry-hosted copper-gold mineralisation. As a result, Strickland Metals is advancing its drilling efforts, with four rigs currently operating at Shanac, Medenovac, and Gradina, and another rig soon to start at Jezerska Reka.
The company has expressed increased confidence in these targets, seeing them as significant opportunities for discovery and growth at the Rogozna project.