Diamond drilling is the next piece Metalicity is moving at Kookynie
Link copied to
Metalicity is now preparing to start diamond drilling at its Kookynie gold project after wrapping up the reverse circulation component of the program.
The RC drilling had followed up on previously reported bonanza gold intersections of up to 91.2 grams per tonne (g/t) that were made at the McTavish prospect.
Metalicity (ASX:MCT) adds the imminent diamond drilling will provide core samples needed for the crucial density measurements that are the key to understanding the total tonnage of the mineralisation, which will in turn allow for the mineral resources for the Leipold, McTavish and Champion prospects to be estimated.
“The RC drilling follows up the excellent bonanza intersections we announced in July where we are testing further extensions to high grade mineralisation recently intersected,” chief executive officer Justin Barton said.
“With the second phase of diamond core drilling about to commence, we are pleased with our visual observations in the RC drilling and look forward to presenting those results as soon as they are ready in the coming months.
“The diamond core component is key for us to finalise the Mineral Resource Estimate, so moving on to this component quickly is a pivotal step in the development of Kookynie.”
The company has drilled a total of 18 RC holes totalling 1,408m of RC while the diamond program will consist of seven holes totalling about 650m.
Besides testing the previous bonanza intersections, the RC drilling was also aimed at testing for potential links between the McTavish and Leipold trends.
Leipold, McTavish and Champion are just three of nine prospects that Metalicity has identified at the Kookynie project about 60km south-southeast of Leonora, Western Australia.
This article was developed in collaboration with Metalicity, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.