Strickland Metals, the Australian mining company that acquired the Rogozna gold project in Serbia for $37 million in April, has successfully completed the acquisition as of early July. The project, which contains an estimated 170 tons of gold equivalent, has already yielded promising initial results, including the discovery of gold wire at the end of the month, according to eKapija.
Recent preliminary research indicates a significant geological anomaly in the Obradov Potok area. This anomaly, which begins approximately 100 meters below the surface and extends 400 meters in length, suggests extensive mineralization consistent with the geochemical signature of gold and other minerals. Strickland Metals is currently operating four drilling rigs on site, with initial analyses anticipated soon. The Brisbane Times reports that the company is hopeful for the discovery of a new deposit.
Obradov Potok is located about two kilometers west of Gradina, near Novi Pazar, an area known for similar geophysical anomalies.
In addition to gold, there are indications of copper and zinc at the site. Strickland Metals CEO Paul Lerpinier expressed excitement over the early exploration results, noting that the company’s geophysical research at Zlatni Kamen has expanded to involve four diamond drills across several areas, including Šanac, Medenovac, and Bakarni Canyon South. Ongoing work is now focused on the broader Rogozna project area.
With over $60 million invested to date in research and technical operations, the site has also revealed an inferred resource of 200,000 tons of copper and 360,000 tons of zinc. CEO Andrew Bray highlighted Rogozna’s potential to become one of the largest undeveloped gold deposits globally, with significant copper and zinc reserves. Historical reports from 2009 suggested that Rogozna mountain could be rich in copper, silver, and gold, with reserves potentially covering half of Europe.
Strickland Metals purchased the Rogozna project from Betoota Holdings Ltd, the previous owner of Zlatna Reka Resources.
