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Metalicity Ltd.
Summary
| Project: | Kyarra | |
|---|---|---|
| Deposit: | Kyarra | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper-Nickel-Manganese | |
| Date: | 3/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-3-2017: Metalicity Ltd. announces an Exploration/Drilling Update report for its Kyarra deposit at the Kyarra project. Historical assay results incl. 6m @ 492ppm Co, 182ppm Cu, 909ppm Ni, 2050ppm Zn from 22m. Metalicity Limited (ASX:MCT) (“Metalicity” o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Simon Dorling (Not stated) | |
| ABSTRACT: | Metalicity Limited (ASX:MCT) (“Metalicity” or “Company”) is pleased to report the completion of the compilation of the considerable historic work within the Kyarra Project has highlighted further high grade and widespread coincident cobalt, copper, nickel and manganese anomalism across the key “Kyarra West” target area, as well as indications of the potential source and hosts of base metal mineralisation in the district. The 100% owned Kyarra Cobalt Project (E51/1755, E51/1756 and E53/1894) was acquired via low cost, project generation work in July 2016 based on a detailed prospectivity study with a focus on copper-cobalt in Western Australia. Kyarra lies within the Proterozoic Yerrida Basin on the northern margin of the Yilgarn Craton. Widespread cobalt anomalism previously reported by the Company (see MCT announcement 17 February 2017) has been reviewed in the context of a new compilation of a significant suite of data collected by several previous explorers (Figure 1, Table 1 and Table 2). The compilation of historic exploration data has been reviewed in the context of sediment hosted copper (+/- cobalt) systems, and open file and multiclient geophysics also compiled by the company. This review has enabled an initial targeting exercise to be undertaken, and refinements to be made to a proposed exploration model. | |
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