Strickland Metals Reports Maiden Indicated Resource of 1.25 Million Ounces of Gold-Equivalent at Serbia Deposit
Strickland Metals (ASX:STK) said the updated mineral resource estimate for the Shanac deposit, part of its Rogozna gold-base metals project in Serbia, included a maiden indicated resource of 30 million tonnes at 1.3 grams per tonnes grade of gold-equivalent, comprised of 0.83 g/t grade of gold, 0.13% grade of copper, 0.36% grade of zinc, 0.29% grade of lead, and 7.20 g/t grade of silver, equating to 1.25 million ounces of gold-equivalent, according to a Wednesday Australian bourse filing.The total mineral resource update amounted to 160 million tonnes at a 1.04 g/t grade of gold-equivalent, comprised of 0.6 g/t grade of gold, 0.11% grade of copper, 0.34% grade of zinc, 0.23% grade of lead, and 6.31 g/t grade of silver, equating to 5.35 million ounces of gold-equivalent.The Shanac mineralization remains open along strike to the north-west of the current resource footprint and at depth. Drilling is scheduled to recommence at the project in the coming weeks.