The diamond drill of the Australian company hit a goldmine in Rogozna - "There is gold there for half of Europe"

The Australian company Strickland Metals, which declared in April that it was buying the Rogozna gold project in Serbia for USD 37 million, has announced that, in early July, it completed the acquisition of this site, which hides about 170 tons of gold equivalent, and already at the end of the month they came across a gold wire.

A few days ago, Strickland Metals announced promising preliminary research results that indicate a significant geological anomaly at Obradov Potok. The identified anomaly, which starts approximately 100 meters below the surface and extends 400 meters in length, could signal the presence of extensive mineralization, which matches the geochemical signature of gold and other minerals in soil samples, Australian media reported.

With four drilling rigs actively working at the site and initial analyzes expected soon, the company is anticipating the potential discovery of a new deposit, according to the Brisbane Times.

The target area of ​​Obradov Potok is located 2 km west of Gradina near Novi Pazar, a well-known deposit with similar geophysical anomalies.

Strickland Metals CEO Paul Lerpinier said "it's great to get such promising early exploration results at Obradov Potok".

Geophysical research in which the Australians included 4 diamond drills began at Zlatni Kamen, it included four wells throughout the area of ​​Sanac, Medenovac and Bakarni kanjon South, and now, having in mind the new discovery, works are rapidly continuing in the wider project area of ​​Rogozna.

Drilling is planned for the next year as well. To date, more than USD 60 million has been invested in exploration and technical work at the site, which, in addition to gold, has resulted in an inferred resource of 200,000 tons of copper and 360,000 tons of zinc.

The CEO of the Australian company, Andrew Bray, stated that Rogozna has the potential to grow into one of the largest undeveloped gold deposits globally (with a significant proportion of copper and zinc). Back in 2009, local media reported that experts from several foreign companies, who researched the area of ​​Novi Pazar, claim that the entire Rogozna mountain lies on copper, silver and gold and that there are precious metals there for half of Europe.

Strickland Metals Limited is an Australian discovery giant for "world class" mineralized systems with a focus on gold and copper.

It bought the Rogozna project from Betoota Holdings Ltd, the owner of Zlatna Reka Resources, which previously owned the site.

B. P.

Zlatna Reka Resources d.o.o. Beograd

Strickland Metals

Paul Lerpinie

Andrew Bray

Rogozna

Obradov Potok

Zlatni kamen

Sanac

Medenovac

Bakarni kanjon

gold deposit

gold wire

gold prospecting

gold mining