Metalicity is betting there’s more top shelf gold hits at McTavish
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With eye-popping gold grades of up to 91.2g/t, some of the highest to date at the Kookynie project, Metalicity was always going to return to the McTavish prospect for more.
That’s exactly what the company is looking to do with plans being finalised for drilling to follow-up on the previously reported bonanza results.
And if that wasn’t enough, Metalicity (ASX:MCT) is also planning to test the 2km strike between the McTavish and Leipold trends that might – rather tantalisingly – connect the two areas.
It’s still speculative at this stage but drilling had been extending McTavish mineralisation south towards the Leipold prospect and vice versa at Leipold.
The company is currently planning to drill 19 holes totalling 2,100m, but success is likely to result in extensions to the program.
“I am very pleased to be announcing that we are re-commencing drilling at the Kookynie gold project,” chief executive officer Justin Barton said.
“To be able to follow up on the spectacular results we achieved at McTavish and Leipold and testing the 2km of strike between the two prospects is very exciting. We look forward to keeping our shareholders updated as we progress this project.”
The maiden JORC resource for the Leipold, McTavish and Champion prospects is also close to finalisation.
Metalicity holds a 51% controlling interest over the Kookynie project near Leonora, WA, that includes the Cosmopolitan mine that historically produced 360,000oz of gold between 1895 and 1922 and the Altona gold mining centre that produced 88,700oz between 1900 to 1965.
While results such as the bonanza 1m at 91.2g/t hit from 30m within broader 5m intercept at 25.9g/t gold from 28m and 6m at 20.6g/t gold from 19m including 4m at 29.1g/t gold from 20m at McTavish are impressive, drilling at other prospects within the project have not disappointed.
At Champion, 16 of the 24 recent holes returned a significant intercept with notable results of 12m at 2.04g/t gold from a depth of 95m, 5m at 2.1g/t gold from 117m and 10m at 1.6g/t gold from 179m.
Likewise, drilling at Leipold returned results such as 2m grading 4.7g/t gold from 65m including 1m at 8.4g/t gold from 66m and 4m at 3.4g/t gold from 127m.
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.