Strickland Metals hits highest gold grades yet in Serbia

Proactive - Interviews for investors

Strickland Metals Ltd (ASX:STK) managing director Paul L’Herpiniere sits down with Proactive’s Jonathan Jackson to discuss a significant discovery at its Rogozna gold and base metals project in Serbia. A drill hole at the Shanac deposit intercepted 89.7 metres at a grade of 4 g/t gold. This result, including 24.1 metres at 10.5 g/t gold, is the highest gold mineralisation recorded at the site, which hosts a 5.4-million-ounce gold equivalent resource. The drill hole also revealed extensive copper-gold mineralisation, featuring a 109-metre interval at 1.3 g/t gold and 0.4% copper, with zones containing up to 11% copper. The discovery of the thick, high-grade gold zone, which remains open along strike, marks an important step in understanding the geological controls within Shanac. L’Herpiniere said the results validated the company’s geological model, targeting higher-grade zones to upgrade the 4.6-million-ounce inferred resource. The results will help redefine the model into three structurally controlled domains. Strickland Metals is continuing its exploration efforts with seven rigs active across Rogozna and the Yandal Project in Western Australia. The company is financially strong, holding $48.7 million in cash and Northern Star Resources shares at the end of the June quarter. #Proactiveinvestors, #StricklandMetals #ASX #GoldDiscovery, #MiningNews, #RogoznaProject, #ShanacDeposit, #GoldMineralisation, #CopperGold, #HighGradeGold, #GeologicalModel, #Exploration, #DrillingResults, #MiningIndustry, #Serbia, #ResourceUpgrade, #MineralExploration, #GoldMining, #BaseMetals, #InvestingInMining, #NorthernStarResources #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews