METALICITY SET TO BROADEN YUNDAMINDRA DRILLING SCOPE

Bonaparte Prospect Targets Enhance Upcoming Exploration Program

Metalicity Limited (ASX:MCT) has announced an expansion in its upcoming maiden drilling program at the Yundamindra Gold Project, directing attention to the highly prospective Bonaparte prospects based on promising historical drilling results.

Program Expansion Highlights:

  • The drilling program will now include the Bonaparte prospect, featuring historical high-grade gold intercepts that suggest potential along strike and at depth.
  • Noteworthy historical results at Bonaparte include 12m @ 5.64 g/t Au from 1m and 5m @ 5.76 g/t Au from 9m, among others, showcasing the prospect’s high-grade and near-surface gold.
  • Yundamindra, situated about 65km southeast of Leonora, has a history of producing 74kt @ 19.3g/t Au for 45,000 ounces, underscoring its significant potential.
  • With drilling approvals underway, Metalicity anticipates the commencement of its maiden exploration program at Yundamindra shortly.

Management’s Commentary:

Justin Barton, Metalicity Managing Director, shared his optimism about the project’s expansion:

The Bonaparte prospect at Yundamindra provides another exciting opportunity for the Company, having returned significant historical intercepts that remain open along strike and at depth. We are only just beginning to understand the potential of this project and with a number of under capacity mills within close trucking distance of the Yundamindra project, we are highly encouraged by the value that may be unlocked from this project.

Read the full announcement

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