SYDNEY, Australia – Strickland Metals has designated the Obradov Potok prospect in Serbia as a top-priority exploration target, following recent scout drilling results. The company reports identifying significant zones of lead-zinc-silver mineralisation, which management interprets as potentially forming the outer edge of a larger copper-gold skarn system.
The company’s view is that this newly identified mineralisation at Obradov Potok could indicate proximity to a more substantial copper-gold skarn deposit, with expectations of transitioning to gold-dominant and eventually copper-gold mineralisation deeper within the system.
Drilling at Obradov Potok has confirmed a carbonate replacement style of mineralisation. One hole returned 2.9 metres grading 0.4% lead, 1.5% zinc, and 3.2g/t silver from a depth of 484.2 metres. Another section in the same hole yielded 3 metres grading 0.4% lead, 0.9% zinc, and 2.8g/t silver from 604.6 metres. These findings are situated within a zone associated with a major gravity anomaly, comparable in scale to Strickland's other deposits at the Rogozna project, including Gradina, Shanac, and Copper Canyon.
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Strickland Metals plans to direct further drilling efforts towards the interpreted core of this potential copper-gold skarn system. Additionally, the company intends to investigate structural intersections identified through gravity data and the recent drilling.
Rogozna Project Context
The Rogozna project in Serbia is Strickland Metals' significant asset, encompassing multiple prospects. These include Gradina, Shanac, Copper Canyon, and the recently explored Obradov Potok. Previously, drilling at the Gradina prospect has consistently shown wide, high-grade, gold-dominant skarn-hosted mineralisation.
The Rogozna project currently holds an inferred resource of 8.6 million ounces of gold equivalent across the Gradina, Medenovac, Shanac, and Copper Canyon deposits. In August 2025, Strickland announced a "massive" gold discovery at the Kotlovi prospect within the Rogozna project. Another prospect, Jezerska Reka, has shown evidence of porphyry-style veining and alteration, which could suggest a large-scale gold and copper system, according to an assessment by Dr. David Cooke, a porphyry expert.
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Strickland Metals has bolstered its financial position through a recent institutional placement, which is expected to fund these expanded exploration activities. The company’s overall strategy at Rogozna aims to identify a major new discovery and increase the project’s scale and value. The company acquired full ownership of Rogozna in July 2024.
