- Metalicity (MCT) is resuming drilling at the McTavish Prospect within its Kookynie Gold Project in WA’s Goldfields region
- The junior explorer will follow up on previous bonanza-grade hits at the site with 19 drill holes across 2100 metres
- Drilling will also test the two kilometres of strike between the McTavish and Leipold Trends at the Kookynie project
- MCT is then hoping to complete its maiden mineral resource estimate for the McTavish, Leipold and Champion Prospects
- Company shares are trading at 0.9 cents each at market open
Metalicity (MCT) is resuming drilling at the McTavish Prospect within its Kookynie Gold Project in WA’s Goldfields region.
The junior explorer will follow up on previous bonanza grade hits at the site, including 5 metres at 25.9 grams per tonne gold, 3 metres at 41.5 g/t gold and 1 metre at 91.2g/t gold from 30 metres.
The drilling will also test the two kilometres of strike between the McTavish and Leipold Trends, which hasn’t been drilled before.
The company said both the McTavish and Leipold prospects at the Kookynie project remain open along strike and at depth.
MCT is planning to carry out 19 drill holes across 2100 metres in this latest round of drilling, though the program could be extended in the future.
The materials stock will fund this latest program by using some of the $3 million in additional capital it raised back in June.
It then hopes to complete its maiden mineral resource estimate for the McTavish, Leipold and Champion Prospects.
Metalicity CEO Justin Barton said the company was excited to follow-up on June’s bonanza results.
“I am very pleased to be announcing that we are re-commencing drilling at the Kookynie Gold Project,” Mr Barton said.
“To be able to follow up on the spectacular results we achieved at McTavish and Leipold and testing the 2 kilometres of strike between the two prospects if very exciting.”
Metalicity shares were trading at 0.9 cents each at market open on Tuesday, September 7.