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- Metalicity (MCT) reports high-grade intercepts from the McTavish South prospect within its Kookynie gold project in Western Australia
- Results from the company’s drilling program confirm significant widths and better define high-grade intercepts, with highlights including two metres at 4.27 g/t gold from 30 metres
- Metalicity says the step-out program substantially increases its gold footprint in the area and provides the company with substantive new data to target new mineralised zones
- Future exploration planning is now in the works to follow up on anomalous gold mineralisation
- Metalicity is trading grey at 0.4 cents at 11:39 am AEST
Metalicity (MCT) has reported high-grade intercepts from the McTavish South prospect within its Kookynie gold project in Western Australia.
As part of the company’s drilling program at the project, it used air core drilling in relatively soft weathered rock and reverse circulation drilling in fresh bedrock or material too hard to penetrate with an air core rig.
Metalicity said the drilling confirmed significant widths and better defined high-grade intercepts, with highlights including seven metres at 2.4 grams of gold per tonne (g/t gold) from 29 metres, including two metres at 4.27 g/t gold from 30 metres.
From the 31-hole first-pass air core program, ten drill holes containing four-metre compositive samples with gold mineralisation were selected for resampling and further analysis.
Metalicity CEO Justin Barton said the step-out drilling program had been a “big success”, with substantial extensions to known mineralisation revealed.
“The step-out program has substantially increased our gold footprint in the area and has provided the company with substantive new data to target not only extensions to known mineralisation but also new mineralised zones,” Mr Barton said.
“The company looks forward to using this new data to target further highly prospective gold anomalies.”
The company is awaiting the return of around 110 end-of-hole multi-element analysis results from the drilling undertaken earlier this year.
Meanwhile, future exploration planning is in the works to follow up on anomalous gold mineralisation.
Metalicity was trading grey at 0.4 cents at 11:39 am AEST.
