Metalicity says its McTavish gold trend is a good 400m better than before after encouraging drill results at the Kookynie gold project in WA. Pic via Getty Images.
Mining
Metalicity’s string of successes at its Kookynie gold project is continuing unabated with aircore drilling extending the McTavish Trend by a further 400m.
Results such as 8m grading 2.61 grams per tonne (g/t) gold from 28m, 8m at 2.6g/t gold from 28m and 4m at 2.57g/t gold from 64m identified the zone within the weathered rock profile along the north-south McTavish structural trend – which remains open.
Adding further interest, final 1m composite assays from the first pass step out drill program indicates that there is potential to expand on these initial results.
This drilling expands on Metalicity’s (ASX:MCT) strategy of finding new gold mineralisaiton in the Kookynie golden corridor.
“We are very excited by these preliminary aircore results along strike from the McTavish Resource which extend our golden footprint at McTavish significantly,” chief executive officer Justin Barton said.
“To get this grade and width at essentially the top of the bedrock is exceptional and shows the mineralisation upside at MacTavish. We are looking forward to further positive news from the McTavish South Prospect.
“We also are eagerly awaiting the results of the other circa 5,000 metres of drilling results from other drill targets in the Kookynie area.”
Gold mineralisation at McTavish South is situated along a north-south trending structure that was interpreted from detailed aeromagnetic surveys undertaken by the company along with detailed reviews of recent and historical exploration information.
The 31 hole aircore drill program targeted an interpreted regional structure as part of a significant step-out drill campaign.
Results from the program are similar to Carnavale Resources’ recent discovery of high-grade gold mineralisation at the McTavish East project along a similarly interpreted and tested host structure.
It also demonstrates that Metalicity’s exploration strategy and targeting model can deliver results while indicating that there remains ample prospectivity and opportunities within the Kookynie Golden Corridor for further gold discoveries.
One metre re-split samples collected from the four metre composite interval and from the base of oxidation/weathering boundary have been dispatched for assay with results still pending.
The re-sampling will help the company identify any internal higher-grade zones of gold mineralisation within the significant intersections as well as lower grade anomalous occurrences down to 0.3g/t gold that will help guide future follow-up drill programs.
All drilling information will be used to plan a follow up aircore and/or reverse circulation drilling that potentially further delineates and expands on the interpreted mineralised zone as well as identify any potential for mineralised extensions at depth into the fresh bedrock.
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.
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