{"id":11076,"date":"2024-06-19T01:33:56","date_gmt":"2024-06-19T01:33:56","guid":{"rendered":"https:\/\/economicherald.net\/?p=11076"},"modified":"2024-06-19T01:33:56","modified_gmt":"2024-06-19T01:33:56","slug":"strickland-pulls-in-impressive-results-from-first-drilling-at-rogozna","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=11076","title":{"rendered":"Strickland pulls in impressive results from first drilling at Rogozna"},"content":{"rendered":"<p>First drilling hits thick mineralisation at Strickland Metals\u2019 Rogozna<br \/>\nHuge intersections up to 352.1m at 2.1g\/t gold struck at Medenovac prospect<br \/>\nThree rigs spinning with a fourth on its way across Medenovac, Shanac target areas <\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em><\/strong><strong>: Intercontinental gold hunter Strickland Metals has hit thick gold mineralisation at the Medenovac prospect, part of its newly purchased 5.4Moz Rogozna project in Serbia.<\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/strickland-metals-stk\/\"><strong>Strickland Metals (ASX:STK)<\/strong><\/a> has a strong cash position from the $61m sale of its Millrose gold project in WA to <a href=\"https:\/\/stockhead.com.au\/company\/northern-star-resources-nst\/\"><strong>Northern Star Resources (ASX:NST)<\/strong><\/a> and is proving up the nearby Yandal project, where it\u2019s <a href=\"https:\/\/stockhead.com.au\/resources\/exceptional-high-grade-gold-hits-at-stricklands-palomino-call-historical-data-into-question\/\"><strong>pulling in impressive exploration results<\/strong><\/a>.<\/p>\n<p>It has since doubled its exploration efforts after entering a binding agreement to purchase the Rogozna gold and base metals project for $37m in a primarily escrowed scrip deal.<\/p>\n<p>The 184km2 Rogozna project comes with $60m worth of exploration spending already and has walk-up targets from previous drilling to assess, where best assays returned 352m at 2.1g\/t gold equivalent from 240m, including 97.7m at 5.1g\/t from 321m.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>First results from Rogozna<\/strong><\/h2>\n<p>10,000m of drilling is planned at the Medenovac prospect, part of an overall <a href=\"https:\/\/stockhead.com.au\/resources\/strickland-launches-60km-drill-blitz-at-5-4moz-rogozna-gold-project\/\"><strong>planned 60,000m drill blitz<\/strong><\/a> at Rogozna.<\/p>\n<p>Assays from two drill holes at Medenovac have hit multiple thick zones of gold, copper, zinc and silver.<\/p>\n<p>Multiple thick zones of gold-copper-zinc-silver mineralisation have been intersected in hole ZRSD24148, returning 128.5m at 1.4g\/t gold equivalent from 298m, including 40.1m at 1.9g\/t.<\/p>\n<p>It\u2019s a down-dip extension of the mineralisation encountered in ZRSD21136, which intersected a phenomenal 352.1m at 2.1g\/t gold equivalent, including 97.7m at 5.1g\/t from 240m noted in drilling campaigns conducted in 2020-21.<\/p>\n<p>STK reckons hole ZRSD24147 has even further significance, intersecting 63.4m at 1.3g\/t gold equivalent from 244.2m including 14m at 2.8g\/t and 86m at 1g\/t from 418m.<\/p>\n<p>The hole was drilled to ~150m to the northwest of the discovery zone representing, STK says, a sizeable strike extension of the polymetallic skarn-hosted mineralisation.<\/p>\n<p>\u00a0<\/p>\n<p>Plan view results of the Medenovac prospect at Rogozna. Pic supplied: (STK)<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Four drill rigs to spin at Rogozna<\/strong><\/h2>\n<p>Exploration continues to ramp up at Rogozna, with two rigs currently drilling at the ~4.6Moz gold equivalent Shanac deposit, while a third rig has arrived this week and commenced drilling at the Medenovac prospect at Rogozna.<\/p>\n<p>\u201cWe are extremely pleased to return such positive numbers from our first results at Rogozna,\u201d STK chair Anthony McClure says.<\/p>\n<p>\u201cFurther drilling at Medenovac is underway, with ~10,000m planned to systematically test the prospective skarn volume and demonstrate the controls and geometry of the higher-grade zones of mineralisation in preparation for a maiden mineral resource estimate.<\/p>\n<p>\u201cDrilling is also continuing to proceed well at Shanac, with two rigs currently focusing on the core of that deposit.<\/p>\n<p>\u201cA fourth diamond rig is scheduled to arrive on site by the end of June, with that rig dedicated to testing the extensive target pipeline, including multiple compelling Copper-Gold porphyry targets.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Strickland Metals, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/strickland-pulls-in-impressive-results-from-first-drilling-at-rogozna\/\">Strickland pulls in impressive results from first drilling at Rogozna<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>First drilling hits thick mineralisation at Strickland Metals\u2019 Rogozna Huge intersections up to 352.1m at 2.1g\/t gold struck at Medenovac prospect Three rigs spinning with <a href=\"https:\/\/economicherald.net\/?p=11076\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":11077,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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