Strickland Metals managing director Paul L’Herpiniere said: “Delivering a maiden resource of almost 1.3m ounces gold equivalent for the Medenovac deposit, with an average grade of 1.9g/t gold equivalent further confirms the quality and scale of the Rogozna project. We also expect to move quickly towards a maiden MRE for Gradina in the second half of the year.”
Strickland is now gearing up for a monster 50,000m diamond core resource-wide drilling campaign that is set to kick off in early March using six rigs across multiple prospects.
The company says it is excited about the potential for another high-grade discovery at Kotlovi, a nearby prospect 350m from Medenovac, where recent drill results have confirmed additional mineralisation.
Beyond Medenovac, the next major resource update is expected next month for its cornerstone Shanac deposit, currently standing at 4.63m equivalent ounces of gold. Any further uplift to this resource could see Rogozna’s global inventory pushed past 7m equivalent ounces of gold, cementing its status as a world-class mining asset.
Strickland Metals is still in rare financial health with $33.8 million in cash and Northern Star shares sitting in the bank as of the December quarter. The fortuitous position allows the company to maintain a generous budget to keep pumping out the exploration drilling metres that will drive resource expansion and feasibility studies.
Strickland Metals appears to be positioning itself as a key player in the global mining sector. The company’s aggressive exploration strategy, combined with a high-grade, scalable resource base, could make 2025 a company-defining year.
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