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Metalicity Ltd.
Summary
| Project: | Kookynie | |
|---|---|---|
| Deposit: | Kookynie | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-10-2019: Metalicity Ltd. announces an Exploration/Drilling Update report for its Kookynie deposit at the Kookynie project. Drilling results incl. 9m @ 7.31g/t Au from 34m. Metalicity Limited (ASX: MCT) (“MCT” or “Company”) is pleased to announce the ret | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jason Livingstone (Internal) | |
| ABSTRACT: | Metalicity Limited (ASX: MCT) (“MCT” or “Company”) is pleased to announce the return of significant intercepts from the September drilling programme which confirms mineralisation extensions past previously developed and drilled areas at the Kookynie Project in the Eastern Goldfields, Western Australia. Commenting on the drilling results, Metalicity Managing Director, Jason Livingstone said: “While the short programme encompassed three drill holes, each was successful in again extending the known mineralisation. The intercept at Leipold illustrates the high-grade nature that is possible within these structures. I am very excited to see the completion of the current rights issue on offer and continue to develop the Kookynie Gold Project, which represents a significant opportunity for Metalicity.” The Kookynie Project is host to six, significant prospects: Champion, McTavish, Leipold, Diamantina, Cosmopolitan and Cumberland. The table below summarises the significant intercepts returned from this recent drilling programme, which occurred at the historic mine sites of Leipold, McTavish and Champion. The full sample and assay list is available in Appendix Two. | |
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