Strickland Metals (ASX:STK) reports significant assay results from Rogozna Project in Serbia

Strickland Metals Limited (ASX:STK) has announced significant new assay results from ongoing resource extension and exploration drilling at its 100%-owned Rogozna Gold and Base Metals Project in Serbia. The exceptional new thick high-grade intercept at Rogozna, with 50m @ 5.6g/t AuEq within 365.8m at 2.0g/t AuEq, highlights the potential for rapid resource growth at the 5.4Moz AuEq Rogozna Project.

Executive commentary on the latest assay results

Strickland's Managing Director, Paul L'Herpiniere, expressed satisfaction with the latest results, stating, '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. These latest results, from ongoing drilling at the Medenovac Prospect, are crucial as they provide further evidence that the core of the deposit hosts a significant body of high-grade mineralisation.'

Summary of the latest assay results and outlook

The recent assay results from the Rogozna Project in Serbia have revealed extensive high-grade gold and associated base metal mineralisation, indicating the potential for rapid resource growth. The intercept equating to a substantial 728 on a Gram X Metre (AuEq) basis represents the third best hole ever drilled at the Rogozna Project. With the mineralisation remaining open along strike and at depth, and ongoing drilling at the 4.6Moz AuEq Shanac deposit, Strickland Metals is well-positioned for further updates and potential resource expansion. The company's initial Mineral Resource Estimate for the Medenovac Prospect is expected to be defined in early 2025, and with $48.7 million in cash and NST shares as at the end of the June Quarter, Strickland remains extremely well-funded for its exploration and development activities.