Metalicity Intersects Sizeable Cobalt at Kyarra

THE DRILL SERGEANT: Metalicity (ASX: MCT) reported drilling results from the first exploration drilling program conducted at the company’s Kyarra cobalt project, located in the Yerrida Basin, Western Australia.

Metalicity has previously identified high-grade and widespread surface cobalt results at Kyarra.

The company said the drilling program was designed to understand the origin of anomalous surface cobalt geochemistry it had delineated over a target area of 2 kilometres by 3.5 kilometres.

The program involved an initial RC percussion drilling program to test whether a linear anomaly trend was associated with underlying structural/stratigraphic controlled mineralisation, or was related to scavenging of metals mobilised in the surface weathering environment by iron and manganese oxides.

According to Metalicity this drilling intersected a stratigraphic setting and returned anomalous copper and cobalt analyses, which are consistent with the company’s exploration targeting model at Kyarra.

“Structural interpretation of the Yerrida Basin and the high-grade and widespread levels of cobalt in our surface sampling results supported our view that Kyarra is prospective for copper-cobalt and nickel-cobalt deposits,” Metalicity managing director Matt Gauci said in the company’s announcement to the Australian Securities Exchange.

“Applying the prolific Central African Copper belt exploration model, drilling continues to provide a body of evidence this model is stacking up.

“Drilling intersected anomalous cobalt in every hole and importantly identified an 8 to 12 metre-thick zone of mineralisation that may sit above the source of cobalt mineralisation, which the company will target in the next phase of exploration.”