Management says the mineralisation along strike consists of pathfinder geochemical anomalies in soils, in addition to several coincident geophysical anomalies that include gravity, induced-polarisation (IP) and remnant magnetic anomalies. It adds there is an absence of volcanic cover at the southern end of the prospect and its data points to the potential for mineralisation to extend close to surface within that area.
Interestingly, the Gradina ground is the most gold-dominant of the four identified deposits, with the precious yellow metal comprising about 90 per cent of the contained metal intersected. The thick downhole hits have typically been between 100m and 200m with 5m-to-20m high-grade zones, separated by quartz latite dykes and lower-grade zones with less than 0.5g/t gold.
The company says there are four rigs drilling at Rogozna across three deposits, with two exploration holes recently hammered into its Kotlovi prospect in a bid to see what it can uncover at that site.
Strickland recently unearthed further drilling success at its Medenovac deposit, with a hefty 50m intercept grading 5.6g/t gold equivalent – part of a whopping 365.8m hit at 2g/t gold equivalent. The stunningly thick hit confirmed a 60m extension to the south-east, taking the high-grade mineralisation to 150m at the southern end of the deposit and 600m in total.
The company is yet to report a maiden resource for Medenovac, however, it is scheduled to land early next year and management now appears to have another significant deposit on its hands within the overall Rogozna portfolio.
Strickland seems to find deposit after deposit at the 184-square-kilometre Serbian site and it appears now to be only a question of just how big the project will become.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
Strickland targets Gradina for further Serbian gold growth