Strickland hits more high-grade gold at Gradina prospect in Serbia

The first targets to be tested at Gradina will be in a shallow 250m zone just below surface. If the results from that drilling confirm mineralisation, Gradina could become a strong contender to generate early cashflow by providing a low-cost open pit option.

Gradina appears to be a gold-only deposit, which is a handy asset to have up one’s sleeve given the exponentially growing gold prices are now at US$2841 (A$4547) per pounce.

With strong results from the latest drilling program in hand, Strickland has plenty of data to chew on and won’t waste any time in laying the groundwork for a maiden resource at Gradina in the second half of the year.

As of the end of the December quarter, the company’s bank balance remains flush with $33.8 million in cash and shares in Northern Star, which is also enjoying its day in the sun thanks to the strong gold price.

Strickland is also expecting updates for two of the major deposits at the Rogozna project, with a maiden resource pending at Medenovac later this month and a resource update set to follow for Shanac in March. The likely resulting thick and fast news flow should give the market a clear line of sight into Rogozna’s significant growth potential.

With multiple exploration milestones looming on the horizon and drilling set to intensify, 2025 is shaping up to be a pivotal year for Strickland. As gold prices remain strong and investor interest in high-grade discoveries grows, the Rogozna project -particularly the Gradina prospect – appears to be emerging as a world-class asset.

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