- Metalicity (MCT) sees further impressive drilling results at the Kookynie Gold Project in the Eastern Goldfields of WA
- The company has received results from 14 drill holes from the McTavish Prospect, which is part of the expanded drilling program currently underway at Kookynie
- Currently, Metalicity has completed 78 drill holes for 5784 metres at Leipold, McTavish and Champion
- Drilling has resumed at the project, with the rig currently held at the Altona prospect
- On market close, Metalicity is up 4.76 per cent and is trading for 2.2 cents per share
Metalicity (MCT) sees further impressive drilling results at the Kookynie Gold Project in the Eastern Goldfields of WA.
The company has received results from 14 drill holes from the McTavish Prospect, which is part of the expanded drilling program currently underway at Kookynie. So far, the drilling has confirmed gold mineralisation at the Leipold prospect
Results from this drilling program include eight metres at 3.57g/t of gold from 47 metres and four metres at 4.1g/t of gold from 47 metres.
Currently, Metalicity has completed 78 drill holes for 5784 metres over Leipold, McTavish and Champion.
Managing Director, Jason Livingstone, said the intercepts from McTavish are very encouraging.
“The results from just north of the Leipold Pit were in line with observations from the drill chips, however, the drilling to date continues to illustrate the well-endowed area that is the Kookynie Gold Project,” he said.
The Kookynie Project is home to seven prospects: Champion, McTavish, Leipold, Diamantina, Cosmopolitan and Cumberland (together the DCC Trend), and the Altona Trend.
The drilling rig is currently at Altona, where 24 holes have been drilled. Historically, the Altona Mining Centre produced 88,700 ounces between 1900 to 1965 at an average head grade of 30g/t of gold.
Additionally, a second rig has been scheduled to arrive later this month or early November to test the significant anomalies and to speed up the drilling program.
“The end of the year is fast approaching, and we at Metalicity are working hard to ensure we finish the year off well and set ourselves up for further success in 2021,” Jason added.
On market close, Metalicity is up 4.76 per cent and is trading for 2.2 cents per share.