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Dec 17, 2020

Metallica completes Cape Flattery drill campaign

Metallica completes Cape Flattery drill campaign Chip tray samples from three drill holes with white sand in excess of 20m.

Metallica Minerals has completed its maiden drilling program on the Cape Flattery silica project, using a vacuum drilling rig to complete 22 holes within the eastern target area.

The company said 505 drill samples had been sent to ALS laboratory in Townsville, with assay results expected in early 2021.

It recently released a maiden JORC inferred resource for the project, on Cape York in Far North Queensland, of 12.85 million tonnes grading at 99.28 per cent silicon dioxide.

“We are encouraged from the samples extracted and we expect to
be able to increase and upgrade our maiden inferred resource for the CFS project and seek to include an indicated category,” Metallica executive chairman Theo Psaros said.

“We were also greatly appreciative that Hopevale Congress and Walmbaar Aboriginal Corporation allowed our team access to an old track and to drill holes 19, 20 and 22.”

Mr Psaros said the company would turn its attention to non-field activities in early 2021 while the drilling samples were being assessed by ALS and IHC Robbins.

“We are very keen to start our planning for the environmental studies and will resume discussions with the Traditional Land Owners to complete
cultural heritage and other Native Title agreements,” he said.

The project is adjacent to the world-class Cape Flattery silica sand mine owned by Mitsubishi.

Sample bags with white sand collected during the December 2020 drill program.
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