GOLD - Kookynie Gold Project in WA, circa 60kms south of Leonora
SOI - 1.4 Billion.
Price - 0.008c
MC - $9.7 Million.
Cash - $$966,983.62 approx
MCT has just started drilling at their High Grade Kookynie Gold Project
With the Company now funded post our recent capital raising, we now turn to continuing to develop the Kookynie Gold Project. An initial 40-holeRC programmeis designed and is currently being executed to follow up the phenomenal drill hole results we published at Leipold and McTavish. This is part of a larger, staged programme to really start showing how big these Prospects are.I have every confidence that our success will be repeated, and I look forward to keeping our shareholdersand the market in general,abreast as developments arise.
DRILLING HIGHLIGHTS●
Drilling has commenced at the high-grade Kookynie Gold Project in WA, circa 60kms south of Leonora.●The Kookynie Gold Project includes the historic Cosmopolitan mine which produced 360,000oz at avery highaverage head grade of 15 grams per tonne (g/t).●Limited work has been conducted in and around the CosmopolitanGold Mineand other prospectsincluding Champion, McTavish and Leipold.●Historicaldrilling has returnednear surfaceintersections such as:
oLeipold -3m @ 107.2 g/t Au from 32 metres in LQRC0026
Leipold -4m @ 104.8 g/t Au from 36 metres in BLQ012o
McTavish -3m @ 52.33 g/t Au from 23m in hole CRC136o
Cumberland-3m @ 44.0 g/t Au from 18 metresin KOYC106*
Recent holes drilledby Metalicity have returned near surface intersections such as McTavish -5metres@ 17.9 g/t Au from 48metres▪inc. 1metre@ 80.17 g/t Au from 51metres
(McTavish)oLeipold -6 metres@ 9.4g/t Au from 26metres▪inc. 2metres@ 19g/t Au from 26metres
The KookynieGold Projectis underexplored, but doescontain some excellent intersections
including:
Leipold -3m @ 107.2 g/t Au from 32 metresin LQRC0026*o
Leipold -4m @ 104.8 g/t Au from 36 metresin BLQ012*o
McTavish -3m @ 52.33 g/t Au from 23m in hole CRC136*o
Cumberland -3m @ 44.0 g/t Au from 18 metresin KOYC106
