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Metalicity Ltd.
Summary
| Project: | Kookynie | |
|---|---|---|
| Deposit: | Kookynie | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-5-2019: Metalicity Ltd. announces a Resource Estimation report for its Kookynie deposit at the Kookynie project. Exploration target for Kookynie project. The Kookynie Project is host to six, significant prospects; Champion, McTavish, Leipold, Diamantin | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jason Livingstone (Internal) | |
| ABSTRACT: | The Kookynie Project is host to six, significant 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 of historical production and exploration efforts. At Cosmopolitan, the mineralisation is extrapolated some 150 meters to 200 meters down dip from historic workings to estimate the Exploration Target. No mineralisation is assumed within the area of historic workings. The upper end grade is estimated to be the historic mined grade. At Diamantina and Cumberland, mineralisation is extrapolated up to 250 meters to 350 meters down dip and 500 meters along strike. The maximum grade is assumed to be the historically mined grade of Cosmopolitan as the Diamantina and Cumberland are strike continuations of that mineralisation. At Champion, McTavish and Leipold, the mineralisation is extrapolated between 100 meters to 120 meters down dip and along strike. The upper grade is assumed to be between 4 g/t Au and 6 g/t Au based on averages of significant drill hole intersections within the structures hosting mineralisation. | |
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