Australian mining company Strickland Metals has announced a major breakthrough at its Jezerska Reka prospect, part of the Rogozna gold and base metals project in southern Serbia. The company reported drilling through over 490 metres of porphyry-related veining, alteration, and gold anomalism, signaling promising potential for a large-scale discovery.
The results from the second drill hole at Jezerska Reka revealed a 493-metre intercept grading 0.14 grams of gold per tonne, starting at a depth of 223.6 metres. Strickland’s Managing Director, Paul L’Herpiniere, described the findings as “highly encouraging,” emphasizing the prospect’s potential to significantly enhance the already substantial resource inventory of the Rogozna project.
Earlier drilling at Jezerska Reka also yielded positive results, including a 94-metre intercept grading 0.4 grams of gold per tonne from a depth of 484 metres. The company plans to conduct additional drilling in early April to further explore the target area.
This development follows Strickland’s recent announcement of a maiden mineral resource estimate (MRE) for the Medenovac prospect, which increased the Rogozna project’s total MRE to 6.69 million ounces of gold equivalent, up from 5.41 million ounces. Strickland believes the Rogozna site, currently comprising four prospects, could become one of the world’s largest undeveloped gold deposits.
In a related move, Strickland finalized a $37 million agreement in April 2024 with Ibaera Capital Fund’s subsidiary ISIHC to acquire Betoota Holdings, the owner of Serbia’s Zlatna Reka Resources, which holds 100% of the Rogozna project.
