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Metalicity Ltd.
Summary
| Project: | Kookynie | |
|---|---|---|
| Deposit: | Kookynie | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/12/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-3-2020: Metalicity Ltd. announces a Resource Estimation report for its Kookynie deposit at the Kookynie project. Exploration Targets for the Kookynie Project. Metalicity Limited (ASX: MCT) (“MCT” or “Company”) is pleased to announce a JORC-2012 complia | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jason Livingstone (Internal) | |
| ABSTRACT: | Metalicity Limited (ASX: MCT) (“MCT” or “Company”) is pleased to announce a JORC-2012 compliant Exploration Target for the Kookynie Gold Project in the Eastern Goldfields, Western Australia coupled with how the Company intends to develop the assets in conjunction with our farm-in partner, Nex Metals Explorations Ltd (ASX:NME). The Exploration Target – as detailed in Table 1 below – was estimated in accordance with JORC 2012 guidelines utilising data from recent drilling results and historical work, including the review by the Company of pre-JORC 2012 mineral resource estimates and historical production Based on the above tabulation the Kookynie Gold Project has a total “Exploration Target” of between 294,000 ounces and 967,000 ounces and is inclusive of historically stated mineral resource estimates and previously excluded areas of underground development. The work by the Company in drilling mapping sampling has supported historical work and provided confidence to include historical work in the “Exploration Target”. The Kookynie Project is host to six, prospects; Champion, McTavish, Leipold, Diamantina, Cosmopolitan and Cumberland. Each has been assessed in the preparation of the Exploration Target based on an in-depth review of the existing data. | |
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