Additional copper, zinc and some gold mineralisation is also hosted in skarn material, brewed up as a result of the direct hot contact with the volcanic intrusions.

While work is ongoing at Medenovac, Strickland has also continued to push out the boats at its 4.6 million-ounce gold equivalent Shanac deposit, 2km to the south. Two rigs are drilling several holes, including two aimed at following up on an earlier spectacular hit of 89m grading 4g/t gold.

Although the company is yet to report a maiden resource for Medenovac, it is scheduled to land early next year and management now appears to have another significant deposit on its hands to add to the overall Rogozna portfolio.

L’Herpiniere, a former exploration manager for FMG, had some idea of the exploration potential of the Serbian asset when Strickland bought it for $37 million in June from private equity firm, Ibaera – which he co-founded. But the ongoing results from the Medenovac prospect, coupled with the continued success at Shanac, may well have surprised even him.

Strickland remains well-capitalised with $48.7 million in cash and ASX-listed Northern Star shares, ensuring it can continue with its aggressive exploration at Rogozna, which is shaping up a potential company-maker for the mining hopeful.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au