Strickland Metals managing director Paul L’Herpiniere said: “The Kotlovi discovery is a particularly satisfying one for our team, as to deliver a >100 GxM intercept in the first exploration holes into a large new target is a rare achievement. It also provides the team with a great sense of pride to make this first discovery under the Strickland Metals banner.”
The company believes while the dataset is still limited, the Kotlovi target currently measures 500m long by 200m wide and 700m deep.
Given the discovery’s proximity to the company’s Medanovac deposit just 350 to the east, L’Herpiniere says there is a strong possibility the mineralisation may run between them both, opening up the potential for a much bigger scale deposit in time.
Strickland is now gearing up for follow-up drilling to gauge the size of the Kotlovi mineralised zone.
Four diamond rigs are also currently busy across its multiple skarn-hosted deposits in the wider Rogozna project area. Two rigs are checking for further up-dip extensions at Gradina, one is on the hunt for porphyry-style mineralisation at Jezerska Reka and the fourth is exploring targets near Medanovac. The company is also waiting on assay results from several holes, including two initial extension holes at Gradina.
With so many good results coming from Rogozna recently, including a 50m hit of 5.6g/t gold equivalent within a huge 365.8m intercept grading 2g/t gold equivalent at Medanovac and a massive 545.7m strike grading 1.1g/t at Shanac, Strickland appears to have the makings of a globally significant tier one asset on its hands.
Four diamond rigs are working 24/7 with more assay results due, together with an upcoming maiden resource at Medanovac which will no doubt be highly anticipated by the market.
Strickland already has a sizeable 5.4-million-ounce gold equivalent deposit in Serbia and with multiple results coming in from multiple prospects, the end point for that deposit is anyone’s guess.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
