Those assays were reported a month ago and included a 25.5m hit grading 5.2 grams per tonne (g/t) as part of a 48.5m intercept grading 3. g/t from 194m. Notably, the hit appears to be part of the same lode stretching down to 600m where another previous hole hit a 11.5m slice grading 13.1g/t.
At Medenovac, one of Strickland’s promising new prospects at Rogozna, the company is on track to release a maiden resource estimate by late February.
Recent wildcat drilling in November reached depths of 350m and delivered impressive results, with a 40.3m intercept grading 2.6g/t gold, including a higher-grade 12m section at 5.7g/t gold from 584m.
The findings confirmed Medenovac as the third significant gold and base metal discovery at the project.
Strickland Metals managing director Paul L’Herpiniere said “Following an exceptionally successful 2024 drilling program at Rogozna, we eagerly anticipate the imminent release of several critical assay results. With resource modelling well underway, we are confident in delivering a maiden mineral resource estimate for Medenovac by February and an updated resource figure for Yandal by March.”
The company is also busy refining its resource modelling for its Yandal gold project in WA, on the back of some impressive recent drilling data. A revised resource estimate is slated for late March.
Assay results reported in October included a 12m hit grading 5.4g/t from 108m, including 4m running 8g/t and a 28m intersection going 1g/t from 16m including 4m at 3.8g/t.
A new 20,000m drilling program is also planned for 2025 at Yandal, which will use the data from the past year’s equally big 20,000m program as a guide for the drill bit.
The company remains well-funded with an estimated $41.1 million cash and Northern Star Resources shares on hand at the end of September.
Strickland’s aggressive exploration strategy comes amid a rampant gold price, currently trading at US$2696 (A$4333) per ounce and just shy of all-time highs of $4388 set a few days ago.
The company has much news set to flow on the immediate horizon. With assays and resource estimates due in both Serbia and Australia coupled with more than 80,000m of exploration drilling planned for 2025, it appears to be gearing up for a big year in the spotlight.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
