Metalicity moving the goalposts: kicks off epic drill program at Kookynie Gold Project
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Around 9,000m of AC and RC drilling has started at the Kookynie Gold Project, testing several exciting new targets with potential mineralised extensions through the Leipold-McTavish-Champion golden corridor.
Metalicity (ASX:MCT) has started a substantial air core and reverse circulation drilling program at the Leipold-McTavish and Champion prospects within the Kookynie Gold Project – 50 kilometres south of the famed Goldfields town of Leonora.
The program follows the detailed review of previous drilling results and high-resolution aeromagnetic surveys, which were designed to test significant extensions to known mineralisation.
Drilling started over the weekend to test structurally controlled, near surface mineralisation anomalies within the regolith or weathered rock profile.
Targets have been generated where host structures and areas of associated mineralisation can be confidently extrapolated.
Discoveries by Carnavale Resources (ASX:CAV) to the south, where mineralisation trends are constrained to a certain extent by Metalicity’s tenement boundary adds to these exciting structure targets.
These discoveries also have the potential to increase the combined potential strike length of the Leipold-McTavish-Champion gold mineralisation trend to approximately 3000m.
The team is geared up after previous significant results include 16m at 20.92 g/t gold, which appears to include outlying extensions of the Leipold and McTavish structures.
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.