Metalicity (ASX:MCT) reports it has found ‘significant’ gold results from 1m re-split samples at the McTavish South Prospect and all primary gold assays from the 2022 exploration drilling program at the Kookynie Gold Project in Western Australia.
From the initial 4m composite samples collected at McTavish South, the composites were re-split and 1m split samples from the first pass aircore (AC) drilling has identified internal higher-grade zones of gold mineralisation within the ‘significant’ intersections, as well as providing a greater ‘lower- grade’ anomalous occurrences.
These samples returned anomalous gold values greater than 0.3g/t Au.
Out of the initial program, two additional drillholes (MCTSA0005 and MCTSA0008), which originally returned anomalous gold assay results, have come back with significant intercepts that expands on the original mineralisation envelope.
- 3m @ 1.11g/t Au from 65m to 68m in hole MCTSA0005
- 4m @ 0.89g/t Au from 2m to 6m and 5m @ 0.73g/t Au from 62m to 66m in hole MCTSA0008
Gold mineralisation is situated along a north-south trending structure that was interpreted from detailed aeromagnetic surveys undertaken by the company, as well as detailed reviews of recent and historic exploration information.
These results further Metalicity’s understanding of the nature of the gold mineralisation as well as support the interpretation and position of host structural zones.
Drilling undertaken in this program was a combination of aircore (AC) and reverse circulation (RC) drilling with the type of drilling determined by the ground conditions.
AC drilling was used in relatively soft weathered rock and RC for fresh bedrock or material too hard to penetrate with AC drilling.
Metalicity’s McTavish South results are similar to the recent exploration success at Carnavale Resources’ McTavish East discovery of high-grade gold mineralisation along a similar interpreted and tested host structure.
It also highlights that the exploration strategy and targeting model being implemented by Metalicity is competent and able to deliver successful exploration results, and that there remains ample prospectivity and opportunities within the Kookynie Golden Corridor for further gold discoveries.
Metalicity is at the initial stages of defining the mineralisation potential at McTavish South and is highly encouraged that the potential for identifying new gold discoveries is still very possible within the highly prospective Kookynie Gold Project area.
Drilling results from all exploration targets within the Kookynie Project area returned several anomalous mineralisation and confirmation of potential host structures for narrow vein gold.
These results also support Metalicity’s exploration model to identify and target potential near surface host structures and areas of associated mineralisation can be ‘confidently’ extrapolated.
Results for 4 RC drillholes in proximity to the Leipold East Hangingwall mineralisation successfully intersected the host structure identified in earlier drilling. However, returned ‘narrow lower-grade’ mineralisation, and these results indicate that mineralisation is ‘very discrete’ and follows the common trend of southerly plunging mineralised shoots associated with north-south oriented local gold deposits and prospects, and that the Leipold hangingwall remains a viable exploration target.
Metalicity CEO Justin Barton said the step out drilling program which began in March has turned out to be a ‘big’ success, with further ‘significant’ ‘high-grade’ gold intercepts identified, and substantial extensions to known mineralisation has been revealed.
“The step out program 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 step out program 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.”
These results represent the second stage of a multi-phase exploration program where the anomaly at McTavish South has been defined following initial target definition which Metalicity hopes to follow up with rigorous drill testing.
All drilling information will be interpreted and utilised to plan a follow up aircore and reverse circulation drilling program that potentially further delineates and expands on the interpreted mineralised zone.
In addition identification of any potential for mineralised extensions at depth into both weathered zone and fresh bedrock will be looked at.
Metalicity is awaiting interpretation of approximately 110 end hole multi-element analysis results still pending from the drilling undertaken in early 2022.
Bottom of hole multi-element analysis for pathfinder minerals such as arsenic, antimony, bismuth and molybdenum will provide additional information in possible mineralisation trends along strike and help refine follow-up drill programs.
However, given the broad line spacing, the interpretation of the geometry and trend of mineralisation is likely to be refined once more detailed data is acquired.
Future exploration planning is to follow-up on significant and anomalous gold mineralisation as well as geological information regarding host structures will be undertaken in parallel to waiting for final multi-element results to be returned and interpreted.
Kookynie is located 60km south-southeast of Leonora in Western Australia, and is host to 9 significant prospects including Champion, McTavish, Leipold, Altona, Mulga Plum, Wandin, Diamantina, Cosmopolitan and Cumberland.
Diamantina, Cosmopolitan and Cumberland are known collectively as the DCC Trend.
Metalicity is focused on the development of ‘high-quality’ mineral assets, specifically the Kookynie and Yundaminda Gold Projects in Western Australia.
Images: Metalicity Ltd & iStock