The Shanac deposit already hosts 150 million tonnes grading 1.1g/t in gold, copper, lead, zinc and silver credits for a 5.3-million-ounce gold equivalent resource. It is just one piece of Stricklandโs larger Rogozna puzzle, which includes other advanced deposits such as Medenovac, which has a 1.28M-ounce gold equivalent resource, and the 810,000-ounce gold equivalent Copper Canyon deposit.
Strickland now has a total of six diamond rigs hammering out the metres at Rogozna, including one at Shanac and four at its exciting gold-only Gradina prospect, where it is hopes to deliver a maiden resource later this year.
A sixth truth teller is sticking holes into the companyโs exciting Kotlovi prospect to follow up on a 2024 discovery hole, which struck a 12m intercept grading 5.7g/t gold, within a larger section of 40.3m running at 2.6g/t gold from 558m.
Strickland is sitting on a war chest of nearly $34.8 million as of March 31, which was topped up when the $US60 billion Chinese mining giant Zijin Mining threw an additional $5M into the pot.
With Zijin Mining on the register, Strickland has a serious heavyweight in its corner and itโs not hard to see why thatโs big news. Zijin can deliver Strickland with its global firepower and some deep local clout, particularly in Serbia, where itโs already a dominant player.
Zijin runs the massive ฤukaru Peki and Bor copper-gold operations in Serbia, which host a jaw-dropping 34Mt copper and 29M ounces gold in the ground. The two mines pumped out 300,000t of copper and 250,000 ounces of gold in 2024 to cement Zijinโs status as a powerhouse in the region.
With momentum building, rigs humming and some high grades rolling in, Strickland appears on track for a transformational year in Serbia.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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