Metalicty Completes First Pilgangoora Drilling Program

THE DRILL SERGEANT: Metalicity (ASX: MCT) has completed a round of reverse circulation (RC) drilling at Pilgangoora North (formerly Lynas Find North) lithium project in Western Australia.

Metalicity has identified lithium bearing pegmatites at the Pilgangoora North project, which have been mapped during recent field exploration.

The company said ith as observed these pegmatites – mapped over the project area – to be shallowly dipping, stacked, sill-like bodies.

“The southernmost pegmatites are located one kilometre along strike to the north from the Lynas Find deposit within the world class Pilgangoora lithium project, where intersections including 21 metres at 2.64 per cent lithium dioxide (Li2O) have been recorded,” Metalicity said in its ASX announcement.

The company explained the 500 to 600 metre RC drill program was aimed at testing for mineralised pegmatites extending north into the southern parts of the tenement below the pegmatites already mapped at surface.

“Drilling intersected pegmatites in every hole, and samples are currently being assayed by SGS Laboratories,” Metalicity said.

“Results and interpretation of the program are expected by months end.”

Metalicity also announced the receipt of the last remaining regulatory approvals for the commencement of a maiden RC drill program at the company’s 100 per cent-owned Kyarra cobalt project, located in the emerging Yerrida Basin, WA.

Metalicty said it considers the Kyarra cobalt project to be highly prospective for structural/stratigraphic-controlled copper-cobalt and potentially nickel-cobalt mineralisation.

The initial 1,800m RC drill program will commence in the next week.

Website: www.metalicity.com.au