Metalicity Limited (ASX: MCT) has announced ‘bonanza’ gold grades from drilling at the McTavish Prospect within its Kookynie Gold Project, with intercepts up to 91.2 g/t Au.
Key results include:
- McTRC0049 – 5 metres @ 25.9 g/t from 28 metres incl:
- 3 metres @ 41.5 g/t from 30 metres,
- 1 metre @ 91.2g/t Au from 30 metres);
- McTRC0064 – 6 metres @ 20.6 g/t from 19 metres incl:
- 4 metres @ 29.1 g/t from 20 metres;
- McTRC0044 – 3 metres @ 19.1 g/t from 88 metres incl:
- 1 metre @ 52.8 g/t from 89 metres;
- McTRC0051 – 4 metres @ 3.5 g/t from 8 metres incl:
- 1 metre @ 11.4 g/t from 10 metres.
The above results have extended mineralisation to the south of McTavish, with 2km of strike remaining open between McTavish and Leipold.
Kookynie Gold Project
The Kookynie Gold Project is located ~60km south south-east of Leonora, Western Australia and includes nine significant prospects; Champion, McTavish, Leipold, Altona, Mulga Plum, Wandin, Diamantina, Cosmopolitan and Cumberland. The Diamantina, Cosmopolitan and Cumberland prospects are collectively known as the ‘DCC Trend’.
Map of mineralised trends at the Kookynie Gold ProjectUp next
Upcoming exploration will prioritise the 2km strike length between McTavish and Leipold, with a further 38 drill holes remaining outstanding from Champion and Cosmopolitan.
Metalicity intends on releasing its Maiden JORC 2012 MRE for Leipold, McTavish and Champion upon receipt of data from all outstanding holes.
“These are spectacular assay results from McTavish”
Management comments
Metalicity CEO Justin Barton said: “These are spectacular assay results from McTavish. With McTavish open along strike and at depth, and the results to date from Leipold, not only does this bode incredibly well for the pending Mineral Resource Estimate; it is also incredibly encouraging for the 2 kilometres of strike between McTavish and Leipold.”
“With the pending JORC 2012 Mineral Resource Estimates over McTavish, Champion and Leipold, which are all on mining licenses, this provides the company with excellent optionality over these prospects. Although our focus remains on exploration and the significant exploration upside of these prospects. With the tenure of mineralisation being intersected at these prospects, the Company is in an exciting period as we look to concentrate our work on a Resource Estimate which describes the in-situ tonnes and grade.”
Images: Metalicity Limited
