Strickland Metals Hits 34.9m at 2.2g/t Gold at Kotlovi Prospect Near 1.28Moz Medenovac
Strickland Metals reports significant high-grade gold intersections at the Kotlovi Prospect, extending mineralisation over 300 metres near the Medenovac deposit within Serbia’s Rogozna Project.
- New drill results reveal thick, high-grade gold zones at Kotlovi
- Mineralisation extends over 300m strike and remains open in all directions
- Kotlovi located just 350m from 1.28Moz AuEq Medenovac deposit
- Seven rigs actively drilling with multiple assay results pending
- Company holds $41.8 million in cash and liquids as of September 2025
Emerging Discovery at Kotlovi
Strickland Metals Limited has delivered a promising update from its Rogozna Gold and Base Metals Project in Serbia, highlighting new high-grade gold intersections at the Kotlovi Prospect. Discovered in 2024, Kotlovi lies a mere 350 metres west of the substantial Medenovac deposit, which hosts an estimated 1.28 million ounces of gold equivalent. Recent drilling has expanded the known mineralisation footprint to approximately 300 metres along strike, with the zone remaining open for further growth.
Significant Drill Intercepts
The latest assays include standout results such as 34.9 metres grading 2.2 grams per tonne gold from 324.2 metres depth, including a higher-grade interval of 14 metres at 4.1 grams per tonne. Other notable intercepts include 14 metres at 1.4 grams per tonne and 18 metres at 0.8 grams per tonne gold, with associated silver and base metals enhancing the overall value. These results underscore the prospect’s potential to contribute meaningfully to the project’s resource base.
Geological Context and Mineralisation Style
Kotlovi’s mineralisation is structurally controlled along a steeply dipping north-northwest to south-southeast trend, hosted within skarn and quartz-diorite intrusions. The presence of disseminated pyrite, arsenopyrite, and chalcopyrite suggests a robust magmatic-hydrothermal system consistent with other deposits in the Rogozna belt. Importantly, mineralisation remains open in all directions, inviting further exploration to delineate its full extent.
Ongoing Drilling and Financial Position
Strickland currently operates seven drilling rigs across the Rogozna Project, with four focused on the nearby Gradina area and three dedicated to discovery drilling including Kotlovi. Multiple assay results are awaited, with further updates expected in the coming weeks. The company’s strong financial position, holding $41.8 million in cash and liquid assets as of September 30, 2025, supports its aggressive exploration and development strategy.
Strategic Implications
Given Kotlovi’s proximity to the Medenovac deposit and the expanding mineralisation footprint, this discovery could play a pivotal role in shaping the future resource profile and development plans for Rogozna. The ongoing drilling campaign aims to better define continuity and grade, potentially underpinning a resource upgrade in due course. Investors will be watching closely as assay results and geological models evolve.
Bottom Line?
Kotlovi’s expanding high-grade zones reinforce Rogozna’s growth potential, with upcoming assays poised to shape the project’s next phase.
Questions in the middle?
- How will the new Kotlovi results impact the overall Rogozna resource estimate?
- What are the metallurgical characteristics and recoveries expected from Kotlovi mineralisation?
- When can the market expect a formal resource update incorporating these new drill results?
