Strickland Metals Limited Launches 2025 Exploration Blitz at Serbia’s 7.4Moz AuEq Rogozna Project, Backed by Over $39M in Liquidity
Friday, May 2, 2025
at
8:39 am
Strickland Metals Limited is ramping up its exploration at the 7.4Moz AuEq Rogozna project in Serbia. With one of the largest drilling programs planned and robust funding, the company is set to boost resource growth and drive future discoveries in 2025.
Strickland Metals Limited has ramped up exploration activities at its 100%-owned Rogozna Gold and Base Metals Project in Serbia, with a record-setting work program planned for 2025. The company is executing an ambitious campaign that includes a minimum of 50,000 meters of diamond drilling alongside extensive development studies aimed at advancing a sizeable resource base, which now stands at approximately 7.40 million ounces of gold equivalent. Recent drilling at the project has already yielded promising results, with eight diamond core holes completed since March and early assay results from two Shanac holes expected to be released imminently.
The program is underpinned by strong operational momentum as six rigs are now active across the site. Four of these are currently targeting the northern section of the Gradina deposit to extend high-grade, gold-dominant zones closer to the surface and support a maiden Mineral Resource Estimate anticipated in late 2025. Additional drilling is underway at several key targets. At Shanac, around 10 holes amounting to 6,000 meters of drilling are planned to expand and further delineate high-grade gold areas. Similarly, Medenovac, Kotlovi, Obradov Potok, Jezerska Reka, and Red Creek prospects form part of a comprehensive strategy to evaluate multiple styles of mineralization. Notably, a ground electromagnetic survey will help target massive sulphide breccia mineralization, while magnetotelluric and gravity surveys are scheduled to assist in unearthing potential porphyry copper-gold deposits concealed beneath a younger volcanic cover.
Financially, the company is well positioned to advance its exploration campaign. With $34.8 million in cash and liquid assets as of March 2025 and an additional $5 million in strategic investment from Zijin Mining during the quarter, Strickland Metals Limited is prepared to deliver one of its largest exploration programs to date. The extensive drilling plans across multiple deposits are designed to optimize resource growth, discovery, and long-term sustainability, building on significant resource increases achieved in 2024.
The news carries mixed sentiment among traders. On the bullish side, the aggressive expansion into a diverse portfolio of targets, backed by substantial funding and a robust drilling program, signals potential for significant resource upgrades and future production upside. The systematic use of advanced geophysics techniques further underlines the company’s commitment to uncovering high-potential deposits, providing a strong catalyst for long-term value creation. However, a bearish perspective is warranted given the inherent risks of an expansive exploration program. Execution uncertainties, the technical challenges associated with drilling in complex geology, and the forward-looking nature of many of the estimates introduce volatility that beginner traders should consider when evaluating the potential upside of the project.