Metalicity Limited (ASX: MCT) is preparing to commence a large reverse circulation (RC) drilling programme at the Kookynie Gold Project near the WA Goldfields town of Leonora.
The company is following up a highly successful campaign in January with the new RC programme looking to confirm and extend zones of known mineralisation primarily at the Leipold and McTavish Prospects, which are approximately 3km to the west of the historic high-grade Cosmopolitan mine.
Managing Director, Jason Livingstone, said the company is finalising a drill contract at the moment and expects drilling to commence in the next two weeks.
I am very pleased to be announcing that we are re-commencing field work at the prolific Kookynie Gold Project,” Mr Livingstone said.
“The results we published in January 2020 were spectacular and I have been incredibly eager to follow these up.
“I look forward to keeping our shareholders and the market in general updated as we continue to develop this amazing gold Project.”
Highlights from the last campaign included:
McTavish: 5m @ 17.9 g/t Au from 48m, inc. 1 metre @ 80.17 g/t
Au from 51m
Leipold: 6m @ 9.4 g/t Au from 26m, inc. 2 @ 19g/t Au from 26m.
Champion: 2 metres @ 25.2 g/t Au from 28m to end of hole, inc. 1m @ 42 g/t Au from 28m.
That programme was followed up by the release of a new “Exploration Target” for Kookynie ofbetween 294,000 ounces and 967,000 ouncesand is inclusive of historically stated mineral resource estimates and previously excluded areas of underground development.
The company said its drilling, mapping, and sampling has supported historical work and provided confidence to include historical work in the “Exploration Target”.