Huge discovery in Serbia: Experts are stunned

These exceptional results include the longest interval ever recorded at Gradina and one of the largest within the Rogozna project, which contains the equivalent of 7.4 million ounces of gold, confirming the enormous potential of this deposit.

The company’s exploration efforts are focused on preparing the first mineral resource estimate for Gradina by the end of the year.

Twin diamond drill holes were drilled in the southern part of the deposit and yielded outstanding results. The findings also indicate significant growth potential, open to the southeast and at deeper levels, suggesting the possibility of discovering even more gold and zinc, according to the Sydney Morning Herald.

“This drill hole has delivered one of the most impressive results we have seen to date at Rogozna,” said Strickland Metals CEO Paul L’Herpinier.

The exceptional drill hole, which began at a depth of 274 meters, averaged 0.9 g/t gold and 0.6% zinc across the entire 702.5-meter interval. Within this interval, there is also a 48.9-meter zone with 2.1 g/t gold and 4.1% zinc, a 17-meter section with 3.6 g/t gold and 2.4% zinc, a 12-meter section with 4.3 g/t gold, and an 80-meter section with 2.3 g/t gold starting at a depth of 632.8 meters.

The neighboring drill hole also produced outstanding results—365.8 meters of mineralization with 1.5 g/t gold and 0.9% zinc from a depth of 287.7 meters. Within this, a 152.6-meter segment was recorded with 2.1 g/t gold and 1.9% zinc, including several high-grade sections such as 11.3 meters with 3.8 g/t gold, 28 meters with 3.1 g/t, and 40 meters with 2.7 g/t, demonstrating the continuity and strength of the mineralization, the company stated.

According to L’Herpinier, the 2025 drilling campaign continues to deliver record-breaking results.

Particularly significant is that the results show a clear pattern in the distribution of metals, which could be highly valuable for future mine planning. The upper layers contain strong gold and zinc mineralization, while the deeper rocks become richer in gold near intrusive zones—a pattern typical of large, multi-phase skarn systems.

The latest exploration at Gradina is part of Strickland’s 50,000-meter diamond drilling program for 2025, with seven rigs currently operating on the Rogozna concession.

With $41.8 million in cash (as of September), Strickland states that it has sufficient funds to continue drilling and releasing new results. Additional analyses from the remaining drill holes are expected in the coming weeks, the media report says.