Strickland Metals managing director Paul L’Herpiniere said: “These excellent new drill results reinforce the robustness and quality of the high-grade copper-gold mineralisation discovered at Shanac earlier this year in the central part of the deposit.”
According to management, the latest hits sharpen the case for a hybrid mining setup, blending wide bulk-tonnage gold zones with tighter, high-grade shoots – a combination that gives Shanac far more flexibility in how it could ultimately be mined.
In total seven rigs are ripping through metres across Rogozna, with three of them tightening up the gap zone at the nearby Gradina deposit as Strickland barrels its way toward a maiden resource before year’s end.
And with another batch of assays already in the lab, the company is gearing up for a steady flow of news as it drives toward a broader Rogozna resource upgrade expected early in the new year.
With $41.8 million in cash and liquids at the end of September, the runway is long and well-funded.
Shanac, as Stickland’s largest deposit at Rogozna, is already a powerful skarn system with real scale behind it. However, these latest results suggest it may still just be stretching its legs with plenty more to offer.
The big question now is just how large Strickland can make this play before the resource upgrade lands.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
