Announcement Date: 2022-06-27
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Metalicity Ltd.
Project name: Kookynie
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 8m @ 2.61g/t Au from 28m
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 gold results from the McTavish South Prospect at the Kookynie Gold Project1 in the Eastern Goldfields, Western Australia, approximately 60 kilometres south southwest of Leonora. Multiple significant and anomalous intersections of gold mineralisation have been discovered at the McTavish South Prospect located approximately 50 metres along strike to the south, along the highly prospective structural trend which hosts Metalicity’s 2012 JORC compliant McTavish Mineral Resource on the same tenement2 . McTavish South is an exciting new target for Metalicity with early results for the substantive drill programme that tests and expands on Metalicity’s exploration strategy to find new gold mineralisation in the Kookynie golden corridor3 . A first pass aircore (AC) programme of 31 drillholes at McTavish South in March 2022 targeting an interpreted regional structure delineated a 400 plus metre zone of gold mineralisation as part of the significant step out drilling programme3 . Gold mineralisation is situated along a north-south trending structure that was interpreted from detailed aeromagnetic surveys undertaken by the Company, as well as detailed reviews of recent and historic exploration information.
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