Strickland Metals Finds Gold, Copper Mineralization at Serbia Project; Shares Jump 3%

MT Newswires Live10-08

Strickland Metals (ASX:STK) found gold and copper mineralization during a recent drilling at its Rogozna Gold and Base Metals project's Copper Canyon Deposit in Serbia, according to a Wednesday Australian bourse filing.

The results were up to 191.2 meters at 0.5 gram per tonne (g/t) gold and 0.5% copper from 4.8 meters, including 110.5 meters at 0.6 g/t gold and 0.6% copper from 68.6 meters, including 25.9 meters at 1.2 g/t gold and 1% copper from 159 meters.

The company has seven rigs operating at Rogozna, with three rigs currently drilling at the Gradina deposit to support the delivery of a maiden mineral resource estimate by late 2025.

The company added that it remains well funded, with cash and liquids totalling AU$52.4 million as of June 30.

Strickland Metals' shares jumped past 3% in recent Wednesday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment