- Metalicity (MCT) has requested two consecutive back-to-back trading halts ahead of a capital raise
- The company will remain in the halts until September 9 or when the announcement is made, whichever occurs first
- Yesterday, Metalicity announced that it had identified 21 prospective targets at the Kookynie Gold Project in Western Australia with the targets having a similar geophysical and structural setting to the McTavish and Leipold prospects
- Metalicity last entered a trading halt in mid-June regarding the release of drilling results which saw its share price jump by almost 80 per cent
- Shares in Metalicity last traded for 2.7 cents on August 31
Metalicity (MCT) has requested two consecutive back-to-back trading halts ahead of a capital raise.
The company will remain in the halts until September 9 or when the announcement is made, whichever occurs first.
Yesterday, Metalicity announced it had identified 21 prospective targets at the Kookynie Gold Project in Western Australia.
These targets have a similar geophysical and structural setting to the McTavish and Leipold prospects, which have returned results of 80.17g/t gold and 21.03g/t gold respectively.
Further, work is still being completed and there are currently 24 holes in the laboratory pending analysis and results are expected in the near term.
Metalicity last entered a trading halt in mid-June ahead of drilling results, which saw its share price jump by almost 80 per cent.
A few days later, the company announced it had intersected up to 20.7g/t gold from Leipold from a 44-hole drilling program.
Results from this program have confirmed significant and extensive high-grade, near-surface gold mineralisation.
Shares in Metalicity last traded for 2.7 cents on August 31.