Metalicity identifies new gold targets at Rocky Gully

THE DRILL SERGEANT: Metalicity (ASX:MCT) informed the market that it has detected structural gold targets, resulting from a recent geochemical soil sampling program carried out at the company’s 100 per cent-owned Rocky Gully project, located in the Albany Fraser Belt of Western Australia.

The geochemical soil sampling program consisted of 1,573 samples, collected in Road Reserves across the entire project area of 1,200 square kilometres at Rocky Gully.

The program detected a number of new gold anomalies, including up to 24ppb gold, across the project, which Metalicity explained was approximately ten to twenty times previous background levels.

The company considers the latest results to be of some significance and as such has accelerated follow up in fill sampling to define the anomaly ready for drill testing.

These new targets build on previously identified gold targets where anomalous gold in soil results of 24ppb up to 187ppb gold were reported, which the company claim to be similar to the initial Tropicana gold in soil anomalies of 25ppb up to 237ppb detected by the Tropicana JV before the discovery of a 6.2 million ounce gold deposit.

“The previous and current gold in soil anomalies are considered significant and we have built a comprehensive geochemical database in the exploration for a world class structural gold deposit, using Tropicana as a model which is hosted in the same geological terrain,” Metalicity managing director Matt Gauci said in the company’s announcement to the Australian Securities Exchange.

“Planning is underway for infill soil sampling programs followed by drill testing.”