Metalicity (ASX: $MCT) announces impressive gold intersections at Yundamindra drilling

Metalicity Limited (ASX: $MCT) has announced the final batch of drilling results from the recent drilling program at the Yundamindra Gold Project in the Eastern Goldfields, Western Australia. The assay results for the Bonaparte Prospect from the RC drilling at Yundamindra have returned more impressive gold intersections, including 11m @ 2.23 g/t Au from 31m (YMRC0039), 8m@ 1.5 g/t Au from 24m (YMRC0041), 4m @ 3.12 g/t Au from 12m (YMRC0001), and 5m @ 1.62 g/t Au from 31m (YMRC0037). These results align with historical mineralization, providing validation and encouragement for future drilling and discoveries. Metalicity is now expanding the next phase of drilling programs targeting new discoveries and expanding known mineralization, with drilling expected to commence in the coming weeks.

Executive Commentary on Yundamindra Drilling Results

Our maiden drilling program at the highly prospective Yundamindra project has been a success, with impressive high-grade thick intercepts aligning with historical mineralization, providing validation of historical results and encouragement for future drilling and discoveries. With gold prices continuing to hit record highs, this is an exciting time for the company to unlock significant value. The next phase of drilling will commence shortly, with planning and approvals already in place to expand on the known mineralization at the Landed at Last and Bonaparte projects, which remain open in all directions. Approvals for the highly prospective Pennyweight Point are close to completion, and drilling at this prospect will target further discoveries, confirmation, and expansion of known high-grade mineralization.

Summary of Yundamindra Drilling Results

The Yundamindra Gold Project has yielded impressive gold intersections, validating historical results and providing encouragement for future drilling and discoveries. The high-grade and close to surface nature of the mineralization at Yundamindra offer a unique opportunity for Metalicity to potentially unlock substantial value at a time of record gold prices. With prospects remaining open in all directions, Metalicity is now expanding the next phase of drilling programs targeting new discoveries and expanding known mineralization. The company aims to conduct further drilling to test the gold mineralization at depth and other areas of Landed at Last, Bonaparte, and Golden Treasure where current drilling data is limited and potential for further discoveries exist. Metalicity will utilize the sampling quality assurance and quality control from this current drilling program to conduct a comparison with available historical data, guiding and contributing to the design and planning of future drilling programs.