THE DRILL SERGEANT: Metalicity has commenced exploration activities at the company’s Kookynie and Yundamindra projects in the Eastern Goldfields of Western Australia.
Metalicity recently acquired the rights to develop via a Farm-In Agreement over the projects and is fast-tracking exploration activities targeting gold mineralisation extensions at historical mining operations located within the Keith-Kilkenny Tectonic Zone that have not been targeted by modern exploration over the last 25 years.
The Kookynie project is a known gold province north of Kalgoorlie that hosts the Diamantina-Cosmopolitan-Cumberland (DCC) trend, which produced 360,000 ounces at a grade of 15 grams per tonne gold from 1895 to 1922.
The company has completed geological mapping of the Kookynie project and commenced mapping at the Yundamindra project and accelerated preparations for a maiden drilling program at Kookynie, with drill sites identified and contractors approached to prepare the sites and conduct field logistics.
“The company is pleased to confirm that it remains on schedule to commence drilling activity in June 2019, with the next step to appoint drilling contractors,” Metalicity said in its ASX announcement.
“Metalicity is in the final stages of negotiations with experienced WA goldfields drillers and anticipates providing the market with an update shortly.
“The company intends to target mineralisation at depth, as most drilling has not confined the down dip or along strike extents at the prospects.
“Results of the recently completed mapping will further assist the development of exploration targets, with the company continuing to keep investors informed of drilling plans ahead of the campaign.”
The Resources Roadhouse spoke with Metalicity managing director Matthew Longworth at the recent RIU Sydney Resources Roundup. WATCH THE INTERVIEW HERE