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Company News
Metalicity and Nex Metals announce best intersections to date from Kookynie gold drilling
The second batch of assays from a Phase 2 drilling program at the Kookynie gold project in Western Australia’s eastern goldfields has returned some of the best intersections to date for joint venture owners Metalicity (ASX: MCT) and Nex Metals Exploration (ASX: NME). Results from 23 drill holes for a total 1,728m at the project’s […]
Metalicity, Nex Metals reveal ‘spectacular’ results from drilling at Kookynie gold project
Assays from a phase one drilling program at the historic Kookynie gold project in WA’s eastern goldfields region have yielded “spectacular” first assays for Perth-based explorer Metalicity (ASX: MCT) and joint venture partner Nex Metals Explorations (ASX: NME). The first 11 holes of the initial 44-hole program confirmed extensive high-grade, near-surface gold mineralisation at the […]
Metalicity reveals drilling underway at Kookynie, targeting high-grade gold
Metalicity (ASX: MCT) has kicked-off drilling at the Kookynie gold project in Western Australia where exploration has unearthed numerous near surface high-grade gold intersections. Notable historical intersections were 3m at 107.2 grams per tonne gold from 32m, 4m at 104.8g/t gold from 36m, and 3m at 52.33g/t gold from 23m. Metalicity then followed up on […]
Metalicity reports high-grade gold at Kookynie, scoops up more ground nearby
Metalicity (ASX: MCT) has reported high-grade gold intercepts at its Kookynie project in Western Australia’s eastern goldfields, while also scooping up more nearby ground and effectively doubling the project. Drilling at the McTavish prospect uncovered 5m at 17.9 grams per tonne gold from 48m, including 1m at 80.17g/t gold from 51m. Meanwhile, Leipold returned 6m […]
Metalicity firms up copper targets near Rio Tinto’s rumoured discovery and Greatland Gold’s find
Metalicity (ASX: MCT) has firmed up high priority copper targets across its exploration licences in the Pilbara’s Paterson Province, close to Rio Tinto’s (ASX: RIO) rumoured copper discovery and Greatland Gold’s (AIM: GGP) actual “world-class” find. According to Metalicity, the targets were identified after a first pass review across it Mandora and Desert Queen projects, […]
Rio Tinto copper find rumours spread as mining giant backs share price with $2.8b off-market buy-back
It’s been 12 months since rumours began swirling over Rio Tinto’s (ASX: RIO) alleged copper discovery in Western Australia’s Pilbara, with recent satellite images revealing a hub of activity at the site and sparking a land grab in the area. Images have surfaced of a camp set up in the region’s Paterson Province, along with […]
Metalicity makes a play for copper ground in Paterson Province
Metalicity (ASX: MCT) is the latest explorer to peg up land in the Pilbara’s Paterson Province, with several companies actively snapping up ground after rumours began circulating 12 months ago that Rio Tinto’s (ASX: RIO) had stumbled upon a massive copper discovery in the area. Metalicity has now jumped on the copper-gold bandwagon after announcing […]
Metalicity eyes Canadian listing for Admiral Bay
With significant support from the North American investment community, Metalicity (ASX: MCT) is looking to spin out its Admiral Bay zinc project in the Kimberley region of Western Australia into a new initial public offering on the Canadian TSX Venture Exchange. A wholly owned subsidiary – to called Kimberley Mining – will be formed to […]
Metalicity begins ‘aggressive’ drilling campaign at recently acquired Napier Range zinc project
Metalicity (ASX: MCT) has begun an “aggressive” drilling campaign at its recently acquired Napier Range zinc project in Western Australia. The campaign is focussing on 4km strike, with targets identified from early field mapping, data reviews and rock chip sampling. About 5,000m of diamond core and reverse circulation drilling will be carried out to upgrade […]
Metalicity completes Napier Range zinc acquisition
Metalicity (ASX: MCT) has nabbed itself another project to add to its zinc portfolio, after completing the acquisition of its Napier Range project in Western Australia. Napier Range hosts the Wagon Pass deposit which has an inferred resource of 750,000 tonnes grading 13.6% zinc equivalent. According to Metalicity, nine targets along 4km of strike have […]