Meanwhile, the western zone features polymetallic mineralisation, with gold alongside zinc, lead and copper, driven by sphalerite (zinc sulphide) and pyrite.
The discovery’s proximity to Medenovac and its geological similarities to other Rogozna deposits amplify its significance. Kotlovi’s mineralisation, hosted in a hydrothermally altered andesite-limestone sequence transitioning to skarn at depth, abuts a quartz-diorite intrusion – a key control seen across Rogozna’s deposits.
With mineralisation open up-dip, the potential for a near-surface resource adds further allure.
Strickland’s aggressive exploration continues, with eight rigs turning rods across the Rogozna project. One rig is chasing Kotlovi extensions, while others target the company’s Jezerska Reka, Obradov Potok and Gradina prospects and its main show at Shanac. Assays from multiple holes are pending and the company expects to receive results soon.
Backed by a robust $32.7 million in cash and Northern Star shares as of June, Strickland is well-positioned to unlock Kotlovi’s full potential, which looks like it could become a major contributor to Rogozna’s resource base expansion.
For a company not unfamiliar with big hits, the Kotlovi discovery still marks a thrilling milestone, with its massive 277.3m intercept showcasing the prospect’s potential to become a major deposit.
As drilling accelerates, Kotlovi looks to be on the verge of significantly enhancing the already impressive 7.4-million-ounce gold equivalent Rogozna project, solidifying Strickland’s position as a leading explorer in Serbia’s mineral-rich landscape.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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