Metalicity Limited (ASX: MCT) has received promising assay results from over 300 soil samples collected during its most recent field programme at the company’s wholly owned Mt Surprise Project (EPM 28052) located circa 57km northeast of the town of Mt Surprise in Queensland.
The soils were following up high-grade rock chips taken late 2022 at the Project over an identified initial 3km strike length. These soil sample assay results strongly indicate an increase to the prospective exploration area for copper, cobalt and base metal mineralization and have increased the number of priority targets at the Mt Surprise Project and which remains open in all directions.
With only a small portion of the entire Mt Surprise Project area investigated there remains significant potential for exploration discovery in the future.
“Previous analysis and fieldwork undertaken by the company had identified a substantial north-south copper- cobalt mineralization zone, with the potential to extend strike in excess of 4km,” Managing Director, Justin Barton, said.
“This soil programme and resulting assays have further confirmed the increased anomalous mineralization previously identified and have also identified a potential significant East-West trending anomaly, highlighting the significant prospective upside of this project.
“With the wet season in Queensland coming to an end, we are excited to recommence exploration on these new targets at Mt Surprise and continuing to explore this mineral rich tenure for which we have only begun to scratch the surface.
“This field programme will be undertaken in conjunction with our maiden field program at our recently granted and highly prospect Georgetown Project which we are very excited about as it hosts multiple outcropping pegmatites which make it highly prospective for finding lithium mineralization.”
Mt Surprise Soil Sampling
A targeted programme of 317 fine fraction soil samples were collected in late 2022 across three priority targets identified through rock chip results, field observations and review of historical exploration reporting.
Across the three target areas, soil samples were collected in a nominal grid pattern consisting of 250m between sample lines and 100m between samples along each line with the grid oriented to sample across the interpreted target zones at a high angle or in proximity to a significant geological contact/feature. The Mt Surprise Project includes large areas with minimal to no outcrop making them ideal for low detection soil sampling to identify any concealed anomalies.
Metalicity analyzed for 48 elements utilizing the super trace method by ALS Global that can detect anomalous patterns or trends of potential mineralization beneath surface cover using very low precise detection limits below average crustal abundance.
Soil samples were sieved to approximately 2.0mm in the field then dry screened to a fine fraction of -53μm at ALS Global Laboratories to ensure that minimal to no surface contamination occurs that could influence the low detection analytical results.
This programme of soil sampling and its results indicate areas of anomalism and is not quantifiable from a grade and metal content perspective. It is however an excellent tool for rapid and cost-effective exploration significantly expanding small mineral occurrences to larger exploration targets. Geostatistical analysis performed over the complete soil sample data set to identify where anomalous grade cut off is located above background levels for all assayed elements.
For further information please visit: https://www.metalicity.com.au/
