Strickland stacks up thick gold hits as Serbian resource update nears

Drilling continues to sharpen the company’s geological understanding of Shanac, which is hosted within a large skarn system associated with intrusive rocks, Strickland says.

The deposit appears to shift vertically and laterally from shallow gold-lead rich areas to deeper gold-copper mineralization. This is a classic feature of many large magmatic-hydrothermal systems in the region and indicates much more mineralization that has not yet been uncovered.

This growth potential is already evident at the company’s wider Rogozna project, which hosts 8.6 million ounces of gold equivalent spread across four deposits, with Shanac carrying the bulk of the payload of an impressive 5.3 million ounces.

Following the completion of drilling at Shanac late last year, the company is currently busy digesting the data flow and preparing the upcoming resource update. Further analysis from other holes in the project is still awaited, setting the stage for the news flow to continue in the coming weeks.

Behind all of this is a rock-solid balance sheet, with Strickland reporting $41.8 million in cash and liquid assets at the end of September, providing plenty of firepower to keep the drills rolling and gaining momentum.

Against a backdrop of strong gold and base metal prices, Strickland looks well positioned to turn his Serbia-scale story into a real market heavyweight as 2026 ramps up.

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