L’Herpiniere added he now expects a follow-up magnetotelluric (MT) survey to kick off within weeks as the next step towards pinpointing drill targets ahead of a fresh assault in late 2025.
Strickland already has its hands full, with results pouring in from its huge 50,000m drilling campaign – each one adding serious firepower to its 7.4 million-ounce gold equivalent resource arsenal at Rogozna. The growing resource is led by 5.3 million ounces at Shanac and a higher-grade 1.28 million-ounce deposit at Medenovac.
Only yesterday Strickland announced a massive 191-metre hit from surface grading 0.5 grams per tonne (g/t) gold and 0.5 per cent copper at its largely overlooked Copper Canyon deposit.
The shallow, high-grade intercept ranks as one of the biggest copper-rich hits ever recorded at Rogozna and has turned the company’s thinking on its head at the 810,000 gold equivalent ounce deposit.
Backed by a $52.4 million war chest as of June 30, the company appears well funded to go the distance as it aims to land an updated resource by year’s end.
The latest survey delivers a big vote of confidence in Strickland’s strategy to grow its already hefty resource base, headlined by 5.3 million gold-equivalent ounces at Shanac and a higher-grade 1.28 million at Medenovac.
And the fresh geophysical data will no doubt help steer the next wave of drilling as the company continues to probe what it calls a massive gold and base metals system that keeps “surprising on the upside.”
With gravity, IP, remanent magnetism and now MT surveys all converging on a new suite of porphyry targets, Strickland appears on the cusp of unearthing what could be one of Europe’s most significant underexplored gold-copper provinces.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
