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Strickland Metals Ltd ( (AU:STK) ) has provided an announcement.
Strickland Metals has reported a significant new gold-copper and base metals discovery at the Red Creek Prospect within its Rogozna project in Serbia, located about 1km west of the 5.3Moz gold-equivalent Shanac deposit. Initial drilling at Red Creek returned high-grade, near-surface epithermal mineralisation from 44m depth and a broad 53m interval of skarn-hosted gold and base metals from 514.4m, with mineralisation remaining open and up to 1.5km of untested strike between Red Creek and the Copper Canyon deposit and substantial space towards Shanac. The company plans to accelerate drilling to define the scale of this new zone and move it towards resource status, with further assays pending across Rogozna and an updated mineral resource estimate for Shanac due later in the March quarter, underscoring the project’s potential for resource growth and enhanced development options.
The most recent analyst rating on (AU:STK) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Strickland Metals Ltd stock, see the AU:STK Stock Forecast page.
More about Strickland Metals Ltd
Strickland Metals Limited is an Australian-listed mineral exploration company focused on gold and base metals, with a key asset being its 100%-owned Rogozna project in Serbia. The project hosts multiple advanced-stage deposits and prospects, including the large Shanac and Copper Canyon deposits, collectively underpinning a substantial gold-equivalent resource base.
Average Trading Volume: 2,850,141
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$434.7M
For detailed information about STK stock, go to TipRanks’ Stock Analysis page.