Strickland Metals (ASX:STK) highlighted growth in the resource inventory for the updated mineral resource estimate for the Shanac deposit, part of its Rogozna gold-base metals project in Serbia, according to a Thursday Australian bourse filing.
The increase in resource inventory is estimated to be 150 million tonnes at 0.6 grams-per-tonne (g/t) grade of gold, 0.1% grade of copper, 0.3% grade of zinc, 0.2% grade of lead, and 5.8 g/t grade of silver, equating to 5.3 million ounces of gold-equivalent.
This included 32 million tonnes at 1 g/t grade of gold, 0.2% grade of copper, 9.6 g/t grade of silver, 0.4% grade of lead, and 0.6% grade of zinc for 1.9 million ounces of gold-equivalent in higher-grade resources.
This represents a 15% increase in contained metal, with a 17% increase in contained gold, a 38% increase in contained copper, and a 40% increase in contained zinc.
The company started a 50,000-meter growth drilling campaign to deliver further resource growth and discoveries across the project area.
Strickland Metals' shares rose nearly 3% in recent trading on Thursday.
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