- Metalicity (MCT) flags additional target areas at its newly-acquired Mt Surprise project in North Queensland
- Soil sampling across the project, as part of MCT’s second exploration program, has highlighted a new copper prospect along-trend from previous rock chips
- Managing Director Justin Barton says the visual results are exciting and add “significant intrigue” to the “highly prospective” nature of the prospect
- Metalicity has now put all on-ground activities on hold due to the tropical wet season, and the company will use this time to thoroughly assess the soil sample results once received
- Company shares closed 14.29 per cent higher at 0.4 cents
Metalicity (MCT) has flagged additional target areas at its newly-acquired Mt Surprise project in North Queensland.
The company completed soil sampling across the project, as part of its second exploration program, which highlighted a new copper prospect along-trend from previous rock chips.
A historic base metal excavation was also identified 750 metres along-trend from previous gossanous rock chips of up to 2.94 per cent lead and 44.97 grams per tonne (g/t) silver.
Additionally, the samples returned abundant vein-hosted azurite and malachite mineralisation from a three-metre-long and one-metre-wide trench.
Metalicity said the results indicated the area was not restricted to a single mineralised vein but perhaps a wide zone of parallel mineralised veins.
Further, MTC Managing Director Justin Barton said the results were exciting and added “significant intrigue” to the “highly prospective” nature of the prospect.
Metalicity has now put all on-ground activities on hold until early 2023 due to the tropical wet season, and the company will use this time to thoroughly assess the soil sample results once received.
MCT said it expected to receive results from the soil sampling program in the new year, which will guide future exploration targets.
While activities are paused, the company said it will thoroughly investigate the results as well as any other desktop-based exploration activities.
Company shares closed 14.29 per cent higher at 0.4 cents.