| Announcement Date: | 2022-10-04 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Metalicity Ltd. |
| Project name: | Kookynie |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 10m at 1.89g/t Au from 69m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Metalicity Limited (ASX: MCT) (“MCT” or “the Company”) is pleased to announce the gold results from the 1 metre re-split samples at the McTavish South Prospect and all primary gold assays from the 2022 exploration drilling programme at the Kookynie Gold Project1 in the Eastern Goldfields, Western Australia, approximately 60 kilometres south southwest of Leonora2 . Drilling undertaken in this programme was a combination of Air Core (AC) and Reverse Circulation (RC) with the type of drilling determined by the ground conditions. AC was used in relatively soft weathered rock and RC for fresh bedrock or material too hard to penetrate with Air Core. From the initial 4 metre composite samples collected at McTavish South, the composites were resplit; and 1 metre split samples from the first pass aircore (AC) drilling has identified internal higher-grade zones of gold mineralisation within the significant intersections, as well as provided greater definition of previous lower grade anomalous occurrences. Out of the initial programme, two additional drillholes (MCTSAC0005 and MCTSAC0008), which originally returned anomalous gold assay results, have come back with significant intercepts that expands on the original mineralisation envelope (Figure 1). |
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