Strickland Metals Limited Unveils High-Grade Gold Drilling Breakthrough at Serbian Gradina, Paving the Way for a Maiden Resource Estimate Amid Robust $34.8M Liquidity.

Tuesday, July 22, 2025
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9:31 am
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Strickland Metals Limited reports impressive high-grade gold results from its Gradina deposit in Serbia. The promising intercepts pave the way for a maiden resource estimate later this year, reinforcing the company’s strong liquidity and potential for future growth.

Strickland Metals Limited has reported encouraging progress at its Rogozna Gold and Base Metals Project in Serbia. Recent diamond drilling at the Gradina deposit has yielded a series of high-grade gold intercepts, with results including 19.6 meters at 7.0 g/t gold and a standout interval of 4.0 meters at 14.8 g/t gold. The drill results, obtained from three separate holes at the northern end of the deposit, underscore the continued potential of the Gradina zone, which remains open in all directions, including up-dip toward the surface where strong geochemical responses have been recorded. The drilling campaign, which is part of a broader 50,000-meter initiative across the project, has seen eight rigs operating overall – with four dedicated to Gradina. The consistent geometry and robust grade of the exposed mineralization lay the groundwork for a maiden Mineral Resource Estimate anticipated later this year. The intercepts have not only confirmed the presence of skarn-hosted, gold-dominant mineralization but have also showcased significant intervals that suggest the potential for early inclusion in the mining schedule. Technical indicators highlight strong pyrrhotite alteration and consistent high-grade zones in key drill holes. Additional results from ongoing drilling at other prospects within the Rogozna Project are expected in the coming weeks, further building investor confidence in the project’s expansion potential. The company’s financial position bolsters these positive signals, with reported cash and liquid assets totaling $34.8 million as of the most recent quarter, supplemented by a strategic $5 million investment from Zijin Mining. From a market sentiment perspective, the news is bullish in that it demonstrates clear evidence of high-grade, gold-focused mineralization at Gradina and a robust exploration program that is likely to deliver a maiden resource estimate within the year. The strong cash position and strategic backing provide additional confidence for further exploration and development. On the bearish side, uncertainties remain regarding the final resource estimation and the transition from exploration success to economically viable mining operations. Price fluctuations in commodity markets and the inherent risks of forward-looking drilling programs may also temper short-term investor optimism.

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