Strickland Metals Finds High-Grade Gold Mineralization at Serbia Project

MT Newswires Live10-13

Strickland Metals (ASX:STK) found high-grade gold mineralization during a recent drilling at its Rogozna gold and base metals project's Gradina Deposit in Serbia, according to a Monday Australian bourse filing.

The results were of up to 19.9 meters at 4.2 grams per tonne (g/t) gold from 539.6 meters, including 12 meters at 8.2 g/t gold from 543.6 meters and 2 meters at 30.1 g/t gold from 568 meters.

The company said the mineralization at Gradina remains open in all directions, including up-dip towards surface, while seven rigs continue operating at the project, with three rigs currently drilling at Gradina 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 as at June 30 totalling AU$52.4 million.

The company's shares fell past 2% in recent Monday trade.

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