- Metalicity (MCT) has recorded gold grades of nearly 53 grams per tonne at its McTavish Prospect within the Kookynie Gold Project, WA
- A recent drilling program at the prospect has found two distinct zones of mineralisation that, according to the company, have “significant potential”
- McTavish is now extending along strike for two kilometres to the south of the Leipold Prospect, creating a significant mineralisation opportunity for Metalicity
- The company is now currently awaiting results for 85 assays, which are expected in the coming weeks
- Just before the market opens for the week, Metalicity is trading at 1.2 cents per share
Metalicity (MCT) has seen gold grades of 52.8 grams per tonne at its McTavish
Prospect at the Kookynie Gold Project, WA.
A recent drilling program at the prospect has found two distinct zones of
mineralisation that, according to the company, have “significant potential”.
McTavish is now extending along strike for two kilometres to the south of the Leipold Prospect creating a significant mineralisation opportunity for Metalicity.
Significant intercepts from the recent drilling program include 3 meters at 19.1 g/t of gold from 88 meters, including 1 meter at 52.8 g/t of gold from 89 metres.
Metalicity is now currently awaiting results for 85 assays. These are expected in the coming weeks.
Kookynie is located 60 kilometres south-east of Leonora, Western Australia and is home to nine prospects — Champion, McTavish, Leipold, Altona, Mulga Plum, Wandin, Diamantina, Cosmopolitan and Cumberland.
Commenting on the drilling results Metalicity Managing Director Jason Livingstone is pleased with the results and is looking forward to further exploring the area.
“With our continued exploration efforts at McTavish, we appear to have defined two distinct zones of mineralisation at McTavish that have a significant high-grade component or domain to them,” he said.
“This is exciting with McTRC0044 confirming the significant down plunge extent of this very high-grade zone. We look forward to presenting further results not only from McTavish, but Leipold, Champion and the Cosmopolitan Gold Mine,” he added.
Just before the market opens for the week, Metalicity is trading at 1.2 cents per share.