Strickland Metals Uncovers Massive Shallow Copper-Gold Zone at Copper Canyon

Significant Shallow Mineralisation at Copper Canyon

Strickland Metals Limited (ASX – STK) has delivered a compelling update from its Rogozna Gold and Base Metals Project in Serbia, reporting a massive shallow intercept of copper-gold mineralisation at the Copper Canyon Deposit. The standout result from drill hole ZRSD25214 returned 191.2 metres grading 0.5 grams per tonne (g/t) gold and 0.5% copper starting from just 4.8 metres below surface. This intercept ranks among the largest copper-rich zones recorded at Copper Canyon to date.

Within this broad intercept, several higher-grade intervals were identified, including a notable 25.9 metres at 1.2 g/t gold and 1.1% copper. These zones underscore the deposit’s potential to contribute meaningfully to the overall resource base at Rogozna, which currently holds an inferred mineral resource of approximately 7.4 million ounces gold equivalent across four deposits.

Strategic Role of Copper Canyon in Rogozna

While Copper Canyon was one of the earliest discoveries within the Rogozna Project, it has been somewhat overshadowed by larger deposits such as Shanac, Medenovac, and Gradina. The recent drilling results reaffirm Copper Canyon’s significance, suggesting that its resource could be expanded and upgraded. Managing Director Paul L’Herpiniere highlighted that the deposit’s thick, coherent copper-gold mineralisation at shallow depths opens exciting development options and validates the company’s aggressive exploration strategy.

The mineralisation is hosted within skarn formations, characterised by green garnet and sulphide minerals including chalcopyrite, pyrite, and pyrrhotite. The deposit’s structural setting, influenced by quartz diorite dykes, appears to control the distribution of higher-grade zones, offering clear targets for further drilling.

Ongoing Drilling and Resource Expansion

Strickland is currently operating seven diamond drilling rigs across the Rogozna Project, with three rigs focused on the Gradina Deposit to support a maiden Mineral Resource Estimate expected by late 2025. The Copper Canyon drilling program includes three recent holes, with assays pending for the remaining two. The company’s extensive 50,000-metre drilling campaign aims to delineate and expand resources across all key deposits.

Financially, Strickland remains well-positioned with $52.4 million in cash and liquid assets as of 30 June 2025, providing ample runway to advance exploration and development activities. The company’s methodical approach to resource growth and discovery drilling reflects a clear commitment to unlocking value from the Rogozna Project’s multi-million-ounce gold equivalent endowment.

Looking Ahead

With further assay results imminent and a maiden resource estimate on the horizon for Gradina, Strickland Metals is poised to refine the project’s development pathway. The Copper Canyon results inject fresh momentum into the portfolio, suggesting that this deposit could play a pivotal role in the project’s future economics and mine planning.