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Metalicity Ltd.
Summary
| Project: | Kookynie | |
|---|---|---|
| Deposit: | Kookynie | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-7-2020: Metalicity Ltd. announces an Exploration/Drilling Update report for its Kookynie deposit at the Kookynie project. Drilling results incl. 10m @ 3.21g/t Au from 26m. Metalicity Limited (ASX: MCT) (“MCT” or “Company”) is pleased to announce a new b | |
| Resources: | x | |
| CP/QP: | [Overall Report] Jason Livingstone (Internal) | |
| ABSTRACT: | Metalicity Limited (ASX: MCT) (“MCT” or “Company”) is pleased to announce a new batch of continued significant assays from June 2020 Phase One drilling programme at the Kookynie Gold Project* in the Eastern Goldfields, Western Australia, approximately 60 kilometres south southwest of Leonora. *Please refer to ASX Announcement “Metalicity Farms Into Prolific Kookynie & Yundamindra Gold Projects, WA” dated 6 May 2019 with Nex Metals Explorations Ltd, ASX:NME. Metalicity has received assays for the first 29 holes of a 44-hole initial program, which has confirmed significant and extensive high grade, near surface gold mineralisation at the Leipold Prospect. 15 drill holes from the Leipold and McTavish Prospects are pending results and are due for release in the coming weeks. Commenting on the drilling results, Metalicity Managing Director, Jason Livingstone said: “I am absolutely delighted with the results to date from our step out and confirmation drilling. Importantly these results are very shallow, high grade, which if converted to resources and reserves, could be potentially open pittable.” | |
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