● Drilling has resumed at Kookynie the rig is currently at the Altona Prospect where 24 holes have been drilled, assays are pending.
● The historic Altona Mining Centre produced 88,700 ounces between 1900 to 1965 at an average head grade of 30 g/t Au (circa 1.5kms from the Cosmopolitan Gold mine).
● Approvals have now been received to drill a significant 1.3km geophysical anomaly along strike from the historic Cosmopolitan Gold Mine that produced 360,000 ounces between 1896 to 1922 at an average head grade of 15 g/t Au.
● Second rig scheduled for late October/early November 2020 to test these significant anomalies and to accelerate the drilling programme across the wider Kookynie Gold Project, with additional drill plans for Cosmopolitan, Leipold, McTavish and Champion being finalised.
So assays imminent...but bare in mind that labs are at max capacity due to every man and his dog out drilling....so need to be patient.
GLTAH
MCT Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
