Strickland Metals is making waves in the mining industry by intensifying its exploration activities at the Rogozna project in Serbia. The company’s recent deployment of an eighth diamond drill rig to the Shanac deposit signifies a significant milestone in its pursuit of high-grade gold.
With a strategic focus on increasing resource reserves, Strickland aims to solidify Rogozna as a key player in Europe’s mining landscape. Managing Director Paul L’Herpiniere emphasizes the company’s commitment to unlocking the full potential of their Serbian operations through extensive drilling and evaluation efforts.
“Increasing our drilling capacity allows us to delve deeper into the high-grade zones we’ve discovered, paving the way for resource upgrades and new findings,”
remarks L’Herpiniere.
The move to add another rig comes on the heels of Strickland’s remarkable success at Shanac last year, where they struck gold with impressive results. The discovery of a high-grade zone prompted further exploration to delineate extensions crucial for future mine planning and development strategies.
Quoted as saying,
“Exploration at Rogozna is in full flight as we aim to deliver multiple resource upgrades and additional discoveries,”
L’Herpiniere underscores the company’s ambitious growth agenda in Serbia.
Furthermore, recent drilling activities have unearthed promising intercepts at Gradina, demonstrating substantial mineralization potential that could significantly boost Rogozna’s overall resource inventory by late 2025. The relentless pursuit of excellence has propelled Strickland from six active rigs earlier this year to now operating eight rigs concurrently.
In an effort to bolster their financial position and support ongoing operations, Strickland secured substantial funding amounting to approximately $34.8 million. This capital injection includes a strategic investment from industry heavyweight Zijin Mining, enabling Strickland to advance its exploration endeavors with confidence.
As Strickland continues its rigorous exploration campaign across multiple prospects within Rogozna, including Gradina and Kotlovi, anticipation builds for upcoming assay results that are expected to further validate the project’s immense potential.
The heightened activity at Shanac has also garnered attention due to its substantial 5.4-million-ounce gold equivalent resource. With the eighth rig targeting critical expansion areas following last year’s exceptional discoveries, Strickland anticipates valuable insights that will inform future resource updates and operational strategies.
With eyes set on cementing Rogozna as a premier gold-base metals development site in Europe, Strickland remains steadfast in its commitment to innovation and excellence. By leveraging cutting-edge technology and industry expertise, the company is poised for continued success in unlocking the untapped riches beneath Serbia’s surface.
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