Announcement Date: 2021-12-06
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Metalicity Ltd.
Project name: Kookynie
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 10m @ 8.34g/t Au from 64m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Metalicity Limited (ASX: MCT) (“MCT” or “Company”) is pleased to announce the RC drilling results from the Leipold Prospect at the Kookynie Gold Project1 in the Eastern Goldfields, Western Australia, approximately 60 kilometres south southwest of Leonora. The results illustrated below continue to define and expand the mineralisation observed at Leipold, which given the nature of the mineralisation and the drilling angle, are very close to true widths forthe mineralisation observed. These are very encouraging results at Leipold, especially for the pending Mineral Resource Estimate which has had a material change for the upcoming estimation and will be included. Furthermore, the Leipold prospect results to date are mostly near surface and remain open at depth, highlighting the increased potential of this prospect. Table 1 below details the significant intercepts recently received from the RC drilling component of the drilling programme. Please note the Company has not received any assays for the diamond core to date, only RC samples have been returned and discussed. The Company regards the results for LPRC0132 to LPRC00137 (except for LPRC0136) to be typical, moderate grading intercepts that will assist in initial metallurgical test work and confirmation of zones within the Leipold mineralisation envelope.
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