Strickland Metals (ASX: STK) has reported another set of strong results from ongoing drilling at the 5.3-million-ounce gold-equivalent Shanac deposit in Serbia, with two new diamond holes delivering wide zones of gold–copper mineralisation that remain open in all directions.
The latest holes, designed to tighten definition of the high-grade zone discovered earlier this year in the central domain of the deposit, returned some of the most substantial intersections yet recorded at Shanac.
Seven rigs continue to operate across the broader Rogozna project as Strickland advances toward an updated mineral resource estimate in early 2026.
Scale of Central Domain Reinforced
The first hole intercepted 224 metres at 1.9 grams per tonne gold equivalent from 387.5m, including 48.7m at 3.1g/t gold equivalent, and a deeper zone of 113.9m at 1.8g/t gold equivalent with a higher-grade interval of 36m at 2.5g/t.
A12m interval grading 3.8g/t gold equivalent within that deeper section highlights the strength of the copper-gold association along the skarn–andesite contact.
The second hole returned 62.1m at 1.0g/t gold equivalent from 349.3m, and a further 173.7m at 1.8g/t gold equivalent from 462.9m including a 42.1m high-grade zone at 2.9g/t.
Managing director Paul L’Herpiniere said the holes delivered “very wide zones of strong gold-copper mineralisation,” adding that the results reinforce the robustness of the high-grade zone defined earlier in the year.
He said both the scale and grade potential of Shanac continue to increase as drilling progresses through the central domain.
Multiple High-Grade Intercepts
Strickland said the two holes confirm extensive mineralisation to the immediate east of the central dyke, an area that has now delivered multiple high-grade and bulk-tonnage style intercepts across recent programs.
Mineralisation remains open along strike and at depth, with further holes already completed and awaiting assay.
The Shanac deposit forms part of the 7.4Moz Rogozna project, which also includes the Gradina, Copper Canyon, and Medenovac deposits.
Current drilling is focused on infilling the central domain and extending the high-grade copper–gold zone ahead of a revised mineral resource estimate scheduled for release in early 2026.
Strickland remains well funded, with $41.8 million in cash and liquids at 30 September 2025 to support its 50,000m drilling program.
