Metalicity (ASX:MCT) extends drilling to underexplored building – The Market Herald

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  • Metalicity (MCT) expands drilling program at its Kookynie gold project in the Goldfields region of WA
  • The aircore and RC drilling effort will also include the underexplored Wandin tenement after a data review generated significant structures that control mineralization at Wandin.
  • Chief executive Justin Barton said the company is “really excited” about Wandin’s structural trends, which bear similarities to the prolific and historic mining center of Niagara.
  • Once the rig has completed drilling at Mulga Plum, it will move to the Wandin tenement to test structurally controlled near surface mineralization anomalies.
  • MCT shares are down 6.25% to trade at 0.8 cents

Metalicity (MCT) has expanded its air and reverse circulation (RC) drilling program on the Kookynie gold project in the Goldfields region of Western Australia.

The program has been expanded to include the vastly under-explored Wandin concession after a detailed review of drill results and survey work that generated significant structures that control gold mineralization on the concession.

The Wandin claim has been the subject of very limited exploration over the past 15 years despite mapped lithologies similar to those of the prolific mining center of Niagara.

“We are really excited about this recent analysis which shows that there are significant structural trends on our Wandin tenure that are similar to those observed at the Niagara mining center, which is over five kilometers long and has produced significant quantities of gold from historic mining. said general manager Justin Barton.

“We will now expand our drill program to test these very promising targets at Wandin.”

Drilling will test structurally controlled mineralization anomalies near surface in regolith or weathered rock profiles and under alluvium associated with recent drainages and laterite zones at Wandin.

The company said a drilling rig will be mobilized at the Wandin building after the completion of the first part of the expanded program at Mulga Plum.

MCT shares fell 6.25% to trade at 0.8 cents at 2:45 p.m. AEST.

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