ASX RELEASE: 4 October 2022
Significant High-Grade Intercepts from McTavish South Resampling ●
1 metre resampling of 4 metre composite Air Core (AC) drilling sample results from the McTavish South Prospect, part of the Kookynie Gold Project1, confirmed significant widths and better-defined high-grade intercepts, highlights include: o
MCTSAC0020 – 7m @ 2.40 g/t Au from 29 metres; including 2m @ 4.27 g/t Au from 30 metres
o
MCTSAC0021 – 10m @ 1.89 g/t Au from 69 metres; including 2m @ 5.33 g/t Au from 69m.
o
MCTSAC0024 – 8m @ 1.38 g/t Au from 21 metres; including 1m @ 4.14 g/t Au from 23 metres.
o
MCTSAC0028 – 1m @ 4.2 g/t Au from 30 metres, 1m @ 7.61 g/t Au from 34 metres and 1m @ 2.4 g/t Au from 53 metres
●
From the successful 31 drillhole first pass Air Core programme, 10 drillholes containing 4 metre composite samples with significant and anomalous gold mineralisation were selected for resampling and reanalysis.
●
Final 1 metre assays indicate that there remains significant potential to expand upon these results and guide the next stage of exploration.
●
All primary gold assays from drilling results from the 2022 programme have now been returned.
Metalicity Limited (ASX: MCT) (“MCT” or “the Company”) is pleased to announce the gold results from the 1 metre re-split samples at the McTavish South Prospect and all primary gold assays from the 2022 exploration drilling programme at the Kookynie Gold Project1 in the Eastern Goldfields, Western Australia, approximately 60 kilometres south southwest of Leonora2. Drilling undertaken in this programme was a combination of Air Core (AC) and Reverse Circulation (RC) with the type of drilling determined by the ground conditions. AC was used in relatively soft weathered rock and RC for fresh bedrock or material too hard to penetrate with Air Core. Commenting on the drilling results, Metalicity CEO, Justin Barton said: “The step out drilling programme, which began in March 2022, has turned out to be a big success, with not only further significant high grade gold intercepts identified, but substantial extensions to known mineralisation revealed. The step out programme has substantially increased our gold footprint in the area and has provided the Company with substantive new data to target, not only extensions to known mineralisation but also, new mineralised zones. The Company looks forward to using this new data to target further highly prospective gold anomalies”.
1
Please refer to ASX Announcement “Drilling Extends Significant Gold Mineralisation along McTavish Trend by a Further 400 metres” dated 27th June 2022. 2 Please refer to ASX Announcement “Metalicity Achieves Earn-In On The Kookynie & Yundamindra Gold Projects” dated 20th May 2021
with Nex Metals Explorations Ltd, ASX:NME. As reported on 20 May 2021, Metalicity now has a 51% and controlling interest in both the Kookynie & Yundamindra Gold projects.
Metalicity Limited ASX Code: MCT ABN: 92 086 839 992
www.metalicity.com.au Unit B2, 20 Tarlton Crescent Perth Airport WA 6105