Metalicity’s (ASX:MCT) upcoming maiden program at its Yundamindra Gold Project will now expand to target the ‘highly prospective’ Bonaparte prospects.
The company says the prospects have previously released historical drilling results showing multiple ‘high-grade’ hits that remain open at depth and along strike.
Metalicity owns 80% of the Yundamindra Gold Project with 20% owned by joint venture partner Nex Metals Explorations.
Commenting on the Yundamindra exploration, Metalicity Managing Director Justin Barton says: “The Bonaparte prospect at Yundamindra provides another exciting opportunity for the company, having returned significant historical intercepts that remain open along strike and at depth.
We are only just beginning to understand the potential of this project and with a number of under capacity mills within close trucking distance of the Yundamindra project, we are highly encouraged by the value that may be unlocked from this project”.
The Yundamindra Gold Project is located 65km southeast of Leonora and 65km east of the JV Kookynie Project, for which Metalicity also owns 80%, and which currently consists of 9 historical highly prospective prospects. The project lies within very close trucking proximity of a number of under capacity mills.
Write to Adam Orlando at Mining.com.au
Images: Metalicity
