Strickland Metals Ltd (ASX:STK) has found strong gold grades from ongoing diamond drilling at its Shanac deposit in Serbia, with intercepts including 40.9 metres at 4.0 grams per tonne within 272.3 metres at 1.8g/t gold equivalent (AuEq).

With three diamond drill holes completed at the 4.6 million-ounce AuEq deposit – which is part of the wider Rogozna Gold and Base Metals Project – Strickland has been able to confirm the geological controls and lateral continuity of high-grade mineralisation zones within Shanac.

Significant intercepts from the program included 272.3 metres at 1.8g/t AuEq from 169.1 metres, including 70.9 metres at 2.3g/t Au from 241.6 metres, including 40.9 metres at 4.0g/t Au from 241.6 metres, including 12.0 metres at 6.2g/t Au from 259.6 metres.

With four rigs set up on site at Rogozna, Strickland intends to continue drilling with a view to releasing a mineral resource estimate update for the project in the first quarter of 2025.

Managing director Paul L’Herpiniere said the results were testament to the company’s work ethic.

“Rogozna continues to deliver exceptional results on multiple fronts, with further excellent assays returned from recent drilling at the cornerstone 4.6Moz AuEq Shanac Deposit,” he said.

“Excitingly, the broad high-grade gold intercept returned from ZRSD24167 – 40.9m grading 4.0g/t gold from 241.6m, including 12.0m grading 6.2g/t gold from 259.6m – has successfully extended the zone of high-grade gold mineralisation reported from hole ZRSD241494 back in August.”

At 10:56 AEDT, Strickland was trading at 7.7 cents – a rise of 2.67% since the market opened.

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