A rock chip sample from Mt Surprise has returned up to 11.15% copper and 392ppm cobalt, increasing the area of priority targets identified during maiden field work in October 2022.

This sample was collected 500m from a previous high grade rock chip sample of 11.65% copper and 66.39 g/t silver within an initial strike of up to 3kms.

Metalicity (ASX:MCT) says the result highlight the scale and significant multi-element potential of Mt Surprise including for copper and other battery metals, which has previously seen minimal focus.

Previously announced rock chip samples identified significant cobalt mineralisation with results including 650ppm, 293ppm and 170ppm.

‘Significant base metal anomalous trend’

Two other significant results were also returned at 2.77% lead with 60.1g/t silver, 86 g/t silver and 1.12% lead, which is consistent with the rock chips collected from the initial surface gossan to the east.

According to the company, results indicate that there is a significant base metal (lead and silver) mineralised anomalous trend of over 700m in length which also resulted in an extension of the soil sampling program whilst in the field.

Rapidly growing prospectivity

“With the increasing market sentiment and demand for copper and cobalt as we head into 2023, these new high-grade results are very exciting and add to the rapidly growing prospectivity of mineralisation in the Mt Surprise Project area,” MCT managing director Justin Barton says.

The potential scale and grade of mineralisation in this area is becoming very compelling and the added detection of good levels of cobalt further adds to this rapidly emerging project.”

MCT is now eagerly awaiting the return of around 300 soil sample assays from Mt Surprise to help obtain a deeper understanding of the mineralisation in the area and to assist with planning for the next phase of exploration, which is already underway.




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.