Metalicity follows up bonanza gold hits with 19-hole drilling program

Drilling kicked off over the weekend at the ‘McTavish’ prospect, where Metalicity previously hit shallow, high grades like 4m at 29.1 g/t from 20m.

Anything above 5g/t is generally considered high grade.

McTavish is a part of the historic, gold-rich Kookynie project —51% Metalicity (ASX:MCT), 49% Nex Metals (ASX:NME) — about 50km south of the WA goldfields town of Leonora.

It is host to nine significant prospects: Champion, McTavish, Leipold, Altona, Mulga Plum, Wandin, Diamantina, Cosmopolitan and Cumberland.

With the 2km of strike between McTavish and Leipold becoming increasingly prospective for defining similar high-grade lodes, it is not surprising that the company also planned to prioritise this area in its next stage of exploration.

Metalicity — Pic: Kookynie prospects with mineralised trends.

Connecting the dots

The new 19-hole, ~2,100m RC and diamond core drilling program is designed to follow up previously reported bonanza gold intersections and ‘connect the dots’ between the McTavish and Leipold Trends.

This 2km of untested strike remains ‘open’ and has never been effectively drilled, says Metalicity.

“We are excited to have commenced drilling at McTavish to follow up on the spectacular results we received in our last drilling programme,” chief exec Justin Barton says.

“Combined with testing the 2km of strike between the McTavish and Leipold, this programme is highly anticipated and may be extended depending on results.”

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.