Metalicity gains further understanding of Admiral Bay zinc mineralisation
THE DRILL SERGEANT: Metalicity (ASX: MCT) informed the market it is continuing to gain understanding of the controls on high-grade mineralisation and continuity of high-grade zones at the company’s 100 per cent-owned Admiral Bay zinc roject, located in Western Australia.
The company said that new geological work it has carried out on historical drill core, together with the application of modern geophysical reprocessing of historical seismic data, has contributed to this enlightened understanding of the mineralisation.
Metalicity explained the recent work is part of a compilation of a 3D geological model for the Scoping Study it currently has underway on the Admiral Bay zinc project.
Earlier this year the company, under its previous incarnation PLD Corporation, announced it had recognised thick high-grade zones of zinc and/or lead mineralisation at Admiral Bay.
These historic drill intersections lie within an Inferred Mineral Resource Estimate (MRE) PLD announced in 2014 at Admiral Bay of 72 million tonnes at 6.7 per cent zinc equivalent (ZnEq) (3.1 per cent zinc, 2.9 per cent lead and 18ppm silver.
“The new assessment of these high-grade intersections by MCT will form one of the bases for estimating higher-grade zones within the Admiral Bay Resource,” Metalicity said in its ASX announcement.
Metalicity is currently reprocessing the results of an existing 2D seismic survey acquired in 1988 by CRA Exploration, which it said is revealing important new information on the host stratigraphic sequences.
“Initial processing and interpretation has correlated seismic response to zinc and lead mineralisation,” Metalicity said.
“With further work it is hoped to verify that the seismic technique can help identify large as yet untested zones of base metal mineralisation which can be targeted for future drilling programs.”
The company is planning to run a new 3D seismic survey to collect new seismic data, which it believes will help further derisk target selection.
“Planning, acquisition, processing, and interpretation of a 3D seismic survey will be similar to surveys directed towards petroleum exploration; however, the use of 3D seismic in the Canning Basin to directly detect base metal mineralisation is a novel use of existing exploration methods,” the company explained.
‘Metalicity is confident that integration of all historical data by industry-leading consultants will provide the best opportunity to substantially increase the size of the existing resource and identify high-grade zones of zinc, lead, and silver mineralisation.”
Website: www.metalicity.com.au