Some of the diamond drilling is aimed at unraveling the structural controls at Horse Well, while other diamond and RC work is directed at defining and building on the high-quality, near-surface gold resources. The company hopes it will be able to quickly expand its mineral resources in the area by targeting primary structures and their controls and thereby demonstrate the greater potential of the interconnected system.
Management says two holes have already been drilled at the recently-acquired Rogozna project, about 400km south of the Serbian capital of Belgrade. The project’s multi-element resource contains an estimated 2.96 million ounces gold, 214,000 tonnes of copper and 364,000 tonnes of zinc for an estimated 5.44 million JORC-compliant ounces of gold equivalent.
Both holes were drilled at Medenovac, to 590.5m and 533.9m depth, following up on previously-reported spectacular intercepts including 352m at 2.1 grams per tonne gold equivalent from 240m with 97.7m going 5.1g/t gold equivalent from 321m.
Strickland says it remains well-funded to advance its considerable exploration effort at both of its flagship Yandal and Rogozna projects, with cash and Northern Star Resources shares totaling some $54 million as at the end of the December quarter.
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