Strickland Metals (ASX: STK) has delivered further wide and high-grade drill intercepts from the 5.3-million-ounce gold equivalent Shanac deposit at its Rogozna gold and base metals project in Serbia, reinforcing the scale and quality of mineralisation ahead of a scheduled resource update this quarter.
Results from three recent diamond drill-holes demonstrate the continuity of bulk-tonnage mineralisation as well as the presence of higher-grade zones within the core of the deposit, supporting the company’s strategy to grow and upgrade the Shanac mineral resource.
One hole returned a broad interval of 113.4 metres at 1.7 grams per tonne gold equivalent from 451.0 metres, including 28.0m at 2.7g/t gold equivalent and a higher-grade core of seven metres at 6.0g/t gold equivalent.
Additional wide intercepts from the other two holes further demonstrate lateral continuity of mineralisation, with intersections including 138.8m at 1.2g/t gold equivalent and discrete high-grade intervals such as 2m at 10.9g/t gold equivalent.
Geology Supports Scale And Continuity
The latest drilling targeted the skarn-andesite contact and eastern extensions of the southern part of the deposit, areas considered critical for refining higher-grade domains within the broader system.
Results show a transition from upper gold–lead dominant mineralisation into deeper gold–copper–lead–zinc–silver mineralisation hosted within garnet skarn, consistent with a large-scale magmatic-hydrothermal system.
Strickland said the style and continuity of mineralisation observed across multiple drill-holes supports the potential for both bulk-tonnage development scenarios and selective extraction of higher-grade zones.
Assays remain pending for multiple additional drill-holes across the Rogozna project, with further results expected in the coming weeks as laboratory analysis is completed.
The company is currently integrating the new drilling data into geological and resource models in advance of an updated Shanac Mineral Resource Estimate scheduled for release later in the March quarter.
Cornerstone Rogozna Deposit
Managing director Paul L’Herpiniere said that the company is ready for an “exceptional” 2026, supported by record metal prices, an aggressive exploration program, continues news-flow, and a strong balance sheet.
“We have started the New Year in similar fashion to how we ended 2025, with continued significant drilling results from Rogozna reinforcing the scale, quality and potential of our cornerstone Shanac deposit,” Mr L’Herpiniere said.
“We are pleased to see that the latest holes have also provided further definition of the higher-grade zones within the deposit, with the results to contribute towards an updated Mineral Resource Estimate for Shanac—which remains on track to be reported later this quarter.”
Strickland remains well funded, with cash and liquid assets of $41.8 million as at 30 September 2025, positioning the company to maintain an aggressive exploration and development program.
The company’s ongoing drilling and interpretation will continue to focus on improving grade definition and expanding the known mineralised envelope at Shanac.
