Australians seeking gold drill more than 60,000 meters on Rogozna – Company satisfied, 400-kg sample sent for analysis to Perth

Strickland Metals, the Australian company which bought the right to gold explorations on the Rogozna mountain near Novi Pazar last year, has announced that it expects key exploration results next week.

As The Sydney Morning Herald reports, this pertains to the Shanac and Gradina deposits at the company’s flagship Rogozna gold and base metal project in Serbia. The Australian newspaper writes that the massive 2024 exploration campaign at Rogozna drilled more than 60,000 meters using four diamond rigs.

With the rigs resting up for the holiday season before restarting in early March the company has spent much of the past month focused on interpreting these results and developing resource models. At Shanac, final assays from the company’s cornerstone 130-ton gold equivalent deposit should drop next week, marking a big moment for the project. Phase two metallurgical test work kicked off in November after a 400-kilogram sample was shipped to an ALS laboratory in Perth and the assays should provide Strickland with the final nod to move ahead with development of Rogozna as a standalone project, the newspaper writes.

Additionally, assays are expected back in the next two weeks from the high-grade, gold-only Gradina prospect - the company’s newest discovery at its Serbian project.

The Sydney Morning Herald notes that Strickland’s aggressive exploration strategy comes amid a rampant gold price, currently trading at USD 2,696 per ounce and just shy of all-time highs set a few days ago.

B. P.

Strickland Metals

Rogozna

Medenovac

Šanac

Gradina

Rogozna gold project

gold explorations

gold deposits near Novi Pazar