Metalicity Releases MRE for Kookynie
- Metalicity (MCT) releases a mineral resource estimate (MRE) for the Leipold, Champion and McTavish prospects at the Kookynie Gold Project in WA
- The combined MRE reads 1.58 million tonnes at 1.6g/t gold for 81,000 ounces with Leipold’s totalling 1.08 million tonnes at 1.5g/t gold for 53,000 ounces
- The MRE at Champion reads 380,000 tonnes at 1.7g/t gold for 20,000 ounces and 200,000 tones at 2g/t gold for 8000 ounces at McTavish
- All of the resources remain open along strike and down dip with further drilling required to capture recent extensional gold hits along strike and down dip of the resource envelope
- The company was steady on market close, with shares trading at 0.7 cents
