Join our daily newsletter At The Bell to receive exclusive market insights
- Metalicity (MCT) receives “spectacular” assay results from the McTavish Prospect at the Kookynie Gold Project in the Eastern Goldfields in WA
- Drilling intersected up to 25.9 g/t gold and extended the mineralisation to the south of McTavish, with two kilometres of strike remaining open between McTavish and Leipold
- Metalicity says it plans to prioritise work on the McTavish prospect, focussing on the untested strike between McTavish and Leipold in its next exploration program
- Once results from all holes at the project are received and reported, the company will release its maiden mineral resource estimate for the Leipold, McTavish and Champion prospects
- Metalicity last traded at 1.1 cents on July 7
Metalicity (MCT) says its latest assay results from the McTavish Prospect at the Kookynie Gold Project in the Eastern Goldfields in WA are “spectacular”.
The company says results returned have been some of the best to date, with intercepts including five metres at 25.9g/t from 28 metres, including 3 metres at 41.5 g/t from 30 metres.
Drilling extended the mineralisation to the south of McTavish, with two kilometres of strike remaining open between McTavish and Leipold. The company says this is becoming increasingly prospective for defining similar high-grade lodes.
“These are spectacular assay results from McTavish,” Metalicity CEO, Justin Barton said.
“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.”
Metalicity says it now plans to prioritise work on the McTavish prospect, focussing on the untested strike between McTavish and Leipold in its next exploration program.
Since restarting drilling at the Kookynie Gold Project in February, the company has completed a total of 102 drill holes for a total of 12,538 metres, with a further 38 holes still pending from the Champion and Cosmopolitan Prospects.
Once all holes are received and reported, Metalicity says it intends to release its maiden mineral resource estimate for Leipold, McTavish and Champion.
Metalicity last traded at 1.1 cents on July 7.
