Strickland Metals Limited has released an exploration update from its Rogozna Gold and Base Metals Project in Serbia, where recent diamond drilling at the 5.3Moz AuEq Shanac Deposit has yielded encouraging high-grade intercepts. Two new drill-holes, ZRSD25179A and ZRSD25180, have extended the known mineralised zones on the western side of the central domain. Notably, ZRSD25179A returned an intercept of 244.4 meters at 1.3 grams per tonne (g/t) gold equivalent, which included a stronger zone of 82.7 meters at 2.0 g/t gold equivalent. Meanwhile, ZRSD25180 showed 132.9 meters at 1.4 g/t gold equivalent, with an internal segment of 32.7 meters grading at 2.2 g/t gold equivalent. These results underscore Strickland Metals Limited’s efforts to enhance the continuity and lateral extension of its high-grade mineralisation. The announcement specifies that drilling has targeted the skarn-hosted, bulk-tonnage mineralisation along the contact between skarn and andesite, with the highest-grade intercepts coming from areas adjacent to the central dyke. Technical details such as the metal equivalent calculations—based on gold at US$2,250/oz, copper at US$10,000/t, and other base metals and their recoveries—support the positive appraisal of these findings. Assays are still pending for an additional twelve drill holes from both Shanac and Gradina prospects, promising further clarity on the project’s potential in the coming weeks. Adding to the project’s momentum, seven diamond drilling rigs are currently operational across the Rogozna Project. Five are focused on the Gradina area, one is working at Shanac, and the final rig is following up on a discovery from late 2024 at Kotlovi. The company’s strong financial position is also highlighted, with $34.8 million in cash and liquid assets reported as of 31 March 2025, and an extra $5 million infusion from a strategic investment by Zijin Mining, ensuring that the largest-ever exploration program at Rogozna will continue into 2025. Market sentiment can be viewed from two perspectives. On the bullish side, the expansion of high-grade intercepts and improved continuity at the Shanac Deposit signal potential for a significant resource upgrade. The strong funding and multiple drilling rigs add operational strength, boosting optimism about future resource development and value creation. Conversely, from a bearish viewpoint, the project remains in the exploration stage and is subject to the inherent risks of early-stage mining ventures. Uncertainties such as fluctuating commodity prices, the pending assay results, and the challenges of delineating true resource continuity could temper immediate expectations for near-term production or valuation improvements.