Metalicity (ASX:MCT) - Managing Director, Jason Livingstone
Managing Director, Jason Livingstone
Source: The Pick Magazine
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  • Metalicity (MCT) is set to begin an expanded drilling program at the Kookynie Gold Project in Western Australia
  • The aim of this program is to follow-up the successful phase one program that returned up to 20.7 grammes per tonne gold
  • This phase two program will initially target the Leipold prospect with Metalicity aiming to present a JORC 2012 compliant mineral resource estimate
  • Pending magnetic drone survey results, Metalicity will then focus on the Champion, Alotta, and Cosmopolitan prospects
  • Metalicity is steady on the market today and shares are trading for 2.9 cents each just before market close

Metalicity (MCT) is set to begin an expanded drilling program at the Kookynie Gold Project in Western Australia.

The aim of this drilling is to follow-up the significant phase one program that returned results such as four metres at 16.3g/t gold from 42 metres including three metres at 20.7g/t gold from 42 metres, and six metres 9.4g/t gold from 26 metres including two metres at 19g/t gold from 26 metres.

The phase two program, which is scheduled to begin in mid-July, will initially target the southern extents of the Leipold prospect.

Up to 5000 metres of reverse circulation (RC) drilling will be completed to target the southern strike extent and present a JORC 2012 compliant mineral resource estimate.

Leipold currently has a JORC 2004 mineral resource estimate of 555,000 tonnes at 1.9g/t gold for 33,000 ounces.

Pending magnetic drone survey results, Metalicity will then focus on the Champion, Alotta, and Cosmopolitan prospects.

Data will be taken from the survey to outline drill targets.

“We have confirmed mineralisation and are addressing aspects of JORC 2012 compliancy, but most importantly, we continue to highlight that these prospects remain open in all directions though our step-out drilling,” Managing Director Jason Livingstone said.

“The second phase drilling program is a major step forward for the Kookynie Gold Project. We intend to continue our work methodically and expeditiously to illustrate the potential of the Kookynie Gold Project,” he added.

Metalicity is steady on the market today and shares are trading for 2.9 cents each just before market close.

MCT by the numbers
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