Australian company Strickland Metals, which announced in April its purchase of the Rogozna gold project in Serbia for USD 37 million, has confirmed the completion of the acquisition in early July.
The site, believed to contain around 170 tons of gold equivalent, yielded a gold wire discovery by the end of the month.
Recently, Strickland Metals reported encouraging preliminary research results, revealing a significant geological anomaly at Obradov Potok. This anomaly, starting approximately 100 meters below the surface and extending 400 meters in length, suggests extensive mineralization consistent with the geochemical signatures of gold and other minerals found in soil samples, as reported by Australian media.
With four drilling rigs in operation and initial analyses forthcoming, the company is optimistic about uncovering a new deposit, according to the Brisbane Times. The target area of Obradov Potok, located 2 km west of Gradina near Novi Pazar, mirrors geophysical anomalies found in well-known deposits.
Strickland Metals CEO Paul Lerpinier expressed enthusiasm over the promising early exploration results at Obradov Potok. Geophysical research, involving four diamond drills, began at Zlatni Kamen and covered the areas of Sanac, Medenovac, and Bakarni kanjon South. In light of the new discovery, efforts are rapidly expanding across the wider Rogozna project area.
Looking ahead, drilling is planned for the next year. To date, more than USD 60 million has been invested in exploration and technical work at the site, identifying not only gold but also an inferred resource of 200,000 tons of copper and 360,000 tons of zinc.
Andrew Bray, CEO of Strickland Metals, highlighted Rogozna’s potential to become one of the largest undeveloped gold deposits globally, with significant copper and zinc resources. This discovery marks a major milestone in Strickland Metals’ ambitious exploration endeavors.
