STK 4.55% 11.5¢ strickland metals limited

Zlatusha is to the east just inside Bulgaria and subject to an...

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    Zlatusha is to the east just inside Bulgaria and subject to an agreement with Victory minerals Ltd (Vancouver).
    A Mar 2024 presentation for those interested.

    Some similarities to Rogozna with intrusives and faulting. Maybe most deposits in the area and more recent terrains are like this anyway so not a very meaningful statement.

    The surface weathering is something that seems to accompany many zones of interest in the area. Lithocaps and alteration zones which have been long gone for explorers in Oz.
    Visible in images for Rogozna with this image from Copper Canyon.

    https://hotcopper.com.au/data/attachments/6109/6109108-2bd9a4a4cfab6e4cf29de070396eac2e.jpg
    Almost like magnets for geos exploring a new area. Geochem samples not always great because of leaching with follow up geophysics and mapping can give a target for a drill hole or two. Worked for Copper Canyon. Not a large resource yet but could be open and perhaps an easy starter pit if the grades were better.

    Put the drilling into Google Earth with this as an example:

    https://hotcopper.com.au/data/attachments/6109/6109126-cdfb4c0c8a4c8fcfe88b96a659ec1f38.jpg


    Drill holes do match roads in many cases. However, a lot of other roads which may be drill related but with no announced (today anyway holes). Ditto for much of the rest of the area.

    Paul L'H mentioned a mine some 4 kms away. Not much obvious to see in this image for an open pit operation.
    https://hotcopper.com.au/data/attachments/6109/6109136-b8da1af9cdca3170472653f9a14b1cce.jpg
    Lot of zig zag roads in the hills to the south. Forestry/drilling/other??

    Red line is a boundary between ?sections of Serbia or ?.. Along the road there seems to be a border control point - at least a building in the middle of the road that seems odd.

    https://hotcopper.com.au/data/attachments/6109/6109143-3ce71eec8eeff3d09f5a18d34c9d235f.jpg

    As Paul L'H said a lot going for the combination. $50M to do something with these.
    Drilling of 60Ks with costs won't leave much change out of $15M but must admit I like the targets and infill to be done.


    Last edited by salpetie: 17/04/24
 
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