Metalicity (ASX: $MCT) commences maiden drilling program at Yundamindra gold project

Metalicity Limited (ASX: $MCT) has announced the commencement of its maiden drilling program at the Yundamindra Gold Project. The project, in which Metalicity holds an 80% ownership, is highly prospective due to its historically high-grade and close to surface nature. The drilling program will initially focus on the western line of the project, targeting prospects such as Landed at Last and Bonaparte, with the potential to confirm and extend known mineralisation occurrences within the area.

Executive Commentary on Maiden Drilling Program at Yundamindra Gold Project

We are very excited to be breaking ground at our Yundamindra tenements, which have not seen any drilling in over a decade, and even then it had only seen limited shallow drilling yet delivered significant intercepts that remain open along strike and at depth. Metalicity's maiden drilling program at the Yundamindra Gold Project will initially focus on the western line with highly prospective Landed at Last and Bonaparte prospects, with the opportunity to confirm and extend the known mineralisation occurrences within the area. Combined with a number of under capacity mills within close proximity, this drilling program offers an opportunity for Metalicity to begin to unlock some of the potential significant value of this tenure.

Summary of Maiden Drilling Program at Yundamindra Gold Project

Metalicity Limited has commenced its maiden drilling program at the Yundamindra Gold Project, targeting the highly prospective western line of the project. The project, located 65 kms southeast of Leonora, has historically produced high-grade gold and is situated in close proximity to under capacity mills. The drilling program aims to confirm and extend known mineralisation occurrences within the area. With the project's historical production and the potential for significant value, Metalicity's exploration program at Yundamindra represents a strategic move to unlock the project's untapped potential.