Strickland Metals drilling update

Strickland Metals (ASX:STK) has announced significant advancements in its drilling activities at the Rogozna Gold and Base Metals Project in Serbia, particularly at the Shanac Deposit. Recent drilling results have shown exceptional grades and significant intersections. This supports the company's goal to deliver an updated Mineral Resource estimate by Q1 2025. The company is financially stable and continues its drilling operations with four rigs on site.

Strickland Metals' strategic drilling efforts

Strickland Metals' latest drilling efforts at the Rogozna Project in Serbia have yielded significant results, notably at the Shanac Deposit. The drilling has confirmed high-grade gold mineralization and extended the high-grade zone, which remains open along strike. Key intercepts include 40.9m at 4.0g/t Au within a broader 272.3m at 1.8g/t AuEq. The company holds a strong financial position with $41.1 million in cash and NST shares, ensuring continued exploration efforts. Strickland aims to update the Mineral Resource estimate by Q1 2025, focusing on expanding and upgrading the resource base through continued drilling. The project holds strategic importance with multiple skarn-hosted deposits, and ongoing efforts are directed towards resource definition and geological confidence improvement.

Executive insights on drilling progress

The recent drilling results from the Shanac Deposit have been exceptional, confirming the potential of this cornerstone asset within our Rogozna Project. The high-grade gold mineralization supports our objective of delivering an updated Mineral Resource estimate in Q1 2025. With a strong financial backing, we are well-positioned to continue our aggressive drilling campaign and advance towards our strategic goals.