Rogozna Copper-Gold Mine Drilling Encounters Thick Ore Body Again

Strickland Metals announced the intersection of another "thick and large" orebody at its Rogozna project in Serbia.

The mineralization was intersected at the project's outermost deposit, Copper Canyon.

The main intersections include:

191.2 meters at 0.5% copper and 0.5 g/t gold from 4.8 meters depth, including 110.5 meters at 0.6% copper and 0.6 g/t gold, 25.9 meters at 1.1% copper and 1.2 g/t gold, and 20 meters at 1% copper and 0.5 g/t gold.

True thickness is unknown.

Manager Paul L'Herpiniere stated that this intersection highlights the potential of the Copper Canyon deposit, which has served as a backup target for the Rogozna project for some time.

"Copper Canyon was one of the initial discoveries and delineated deposits at the Rogozna project, but it has received little attention in recent years, primarily due to more significant progress at deposits such as Shanac, Medenovac, and Gradina," L'Herpiniere said.

"These drilling results clearly indicate that the resource at the Copper Canyon deposit is highly likely to exceed the current 810,000 ounce equivalent, expanding the development potential of the Rogozna project."

In April 2024, Strickland acquired the Rogozna project for A$37 million and subsequently increased exploration efforts.

The company stated that seven rigs are currently deployed on the project, with three at the Gradina deposit, and the first resource is expected to be released by the end of this year.

After divesting the Yandal gold project in Western Australia for A$45 million in June, the company has focused more attention on its Serbian projects.