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Metalicity Ltd.
Summary
| Project: | Kookynie | |
|---|---|---|
| Deposit: | McTavish, Leipold, Champion | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/21/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-1-2020: Metalicity Ltd. announces an Exploration/Drilling Update report for its McTavish, Leipold, Champion deposit at the Kookynie project. Drilling results incl. 5m @ 17.9g/t Au from 48m. Metalicity Limited (ASX: MCT) (“MCT” or “Company”) is pleased | |
| 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 December 2019 drilling programme confirming mineralisation extends past previously developed and drilled areas for the Kookynie Gold Project (please refer to ASX Announcement “Metalicity Farms Into Prolific Kookynie & Yundamindra Gold Projects, WA” dated 6th May 2019 with Nex Metals Explorations Ltd, ASX:NME) in the Eastern Goldfields, Western Australia. Furthermore, through strategic observations of tenement activity in the area, the Company moved to acquire a significant land parcel through pegging approximately 3,300 hectares of available ground within the prolific Kookynie-Niagara Trend. Commenting on the drilling results and tenement acquisition, Metalicity Managing Director, Jason Livingstone said: “I am extremely pleased to start 2020 with such spectacular drill hole results, especially receiving assays up to 80 g/t gold. With our three drilling programmes to date, we have managed to intersect the mineralised structure at all prospects, with every drill hole and continue to illustrate that the Kookynie Gold Project has the potential to be a prolific gold Project. These results are also very shallow, which if converted to resources and reserves, could be potentially open pittable.” | |
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