Special Report: Metalicity (ASX:MCT) has uncovered 8km of untested strike potential at the historic, high grade Kookynie gold project. A drone survey is underway, designed to dial in on targets for follow-up drill testing.

For explorers, understanding the underlying geology of their projects is of paramount importance in order to generate the best targets for drilling.

Much of the Kookynie gold project, located in the Eastern Goldfields of WA, is covered with a thin, ~5m thick ‘sheetwash ‘which traditionally hid the geology from old time miners.

Methodical explorer Metalicity has just launched a new drilling program focused on the high grade, previously mined Leipold and McTavish prospects.

But there’s also ~8km of ‘strike’ here – identified through mapping and re-processing of regional geophysics — without a drill hole in it.

The structures that host the high-grade Cosmopolitan mine which produced 360,000oz at 15 g/t gold in the early 1900s, are now thought to extend for ~2km north and south of the mine.

These strike extensions are untested and undrilled by modern explorers.

There’s also 4km of strike extensions at the Altona historical working which produced 80,000oz at 30 g/t gold, along with 2km of strike extensions to the Champion, Leipold and McTavish deposits.

 

This highlights the ‘camp scale’ potential of the unloved project, Metalicity says, which had already established an exploration target of between 294,000oz and 967,000oz.

A high definition drone magnetic survey has kicked off along this 8kms of newly identified strike potential to refine targets for drilling.

The survey is expected to take two to three weeks to complete.

“I am very keen to further define the structural framework that potentially hosts mineralisation north and south of the prolific Cosmopolitan gold mine which produced 360,000 ounces of gold and the strike continuation of Champion, but also the significant 2 kilometre trend between Leipold and McTavish,” Metalicity Managing Director Jason Livingstone says.

“Let alone the Altona trend some 1.5 kilometres east of the Cosmopolitan where some 80,000 ounces has been produced historically with very little follow up work done in the modern era.

“This geophysical programme will give us the detail needed to ensure our target generation is efficient and that any follow up drilling planned is targeted and effective as possible.”

The current drilling program underway is progressing well with first assays due in the next few weeks.

“We are drilling immediately along strike, up and down dip with the areas that we know of at Leipold and McTavish,” Livingstone says.

“To generate solid targets to follow up on outside of these areas and within such a rich gold endowed region with the Kookynie gold project is incredibly exciting.”

“I look forward to not only presenting the results from our current drilling in due course, but to also articulate the potential we are seeing outside of the known prospects.”

NOW READ: Could this WA gold story be the next Spectrum?

 

This story was developed in collaboration with Metalicity, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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