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Metalicity Ltd (ASX: MCT) is preparing to kick off drilling at West Australian gold play Yundamindra, which has remained untouched by exploration for ten years.
The company spotlighted historical results of up to 56 grams per tonne of gold on Friday.
Located 65 kilometres from Leonora, rigs will fire up in the next two to three weeks, looking in particular at the prospects of ‘Landed at Last’ and ‘Bonaparte.’
One highly anticipated aspect of exploration will focus on the Pennyweight Point prospect from where historical results highlighted on Friday were originally retrieved.
Metalicity Managing Director Justin Barton said Yundamindra’s history of near-surface and high grade mineralisation was an exciting prospect for the company.
“With a number of mills in close proximity to our projects and gold prices at record high prices, this provides the Company with a unique and very exciting opportunity,” he said.
“Drilling will initially focus on the western line with the Landed at Last and Bonaparte prospects, which have produced significant historical intercepts that remain open along strike and at depth.
“In the meantime, the Company continues to accelerate approvals and planning for our highly prospective Pennyweight Point prospect, which has historically produced some of the highest grades and intercepts at the Yundamindra project.
Metalicity has been trading at 0.2c.
