Strickland says the drilling has continued to sharpen the company’s geological understanding of Shanac, which is hosted within a large skarn system associated with intrusive rocks.
The deposit appears to shift vertically and laterally from shallower gold-lead-rich zones into deeper gold-copper mineralisation. This is a classic hallmark of many big magmatic-hydrothermal systems in the area, and hints at plenty more mineralisation yet to be unearthed.
That growth potential is already on show across the company’s wider Rogozna project, which hosts a hefty 8.6 million ounces of gold equivalent spread over four deposits, with Shanac carrying the bulk of the load at an impressive 5.3 million ounces.
With drilling at Shanac wrapped up late last year, the company is now busy digesting the flood of data and preparing its upcoming resource update. More assays are still pending from other holes across the project, setting the stage for continued news flow in the weeks ahead.
Backing it all is a rock-solid balance sheet, with Strickland reporting cash and liquid assets of $41.8 million at the end of September, giving it plenty of firepower to keep the drill bits turning and momentum rolling.
Against a backdrop of strong gold and base metal prices, Strickland looks well placed to turn its Serbian scale story into a genuine market heavyweight as 2026 gathers pace.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
