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Metallica Minerals Ltd, HM Drill Results for Gippsland Zircon-Rutile Project

- POSITIVE HEAVY MINERAL DRILL RESULTS FROM THE GIPPSLAND (VICTORIA) ZIRCON-RUTILE HMS PROJECT

- SIGNIFICANT HMS MINERALISATION CONFIRMED – BEST INTERCEPT - 51 METERS GRADING 3% THM

- GIPPSLAND HMS PROJECT DUE DILIGENCE FURTHER ADVANCED

Australian resource development company, Metallica Minerals Limited (ASX:MLM), advises that it has received preliminary results from its first drilling program at the Gippsland Zircon-Rutile Heavy Mineral Sands (HMS) project (Gippsland) completed in December-January. Metallica, through its wholly owned subsidiary Oresome Australia, has an option to acquire Gippsland HMS project 100% from Rio Tinto Exploration Pty Limited (Rio Tinto).

Metallica has received Total Heavy Mineral (THM) sample analysis from 43 total completed drill holes which represent 18 drill sites at Glenaladale HMS deposit and 2 drill sites at the Mossiface HMS deposit (~25km east of Glenaladale). Each of the combined 20 drill sites had at least one hole sampled every 1.5 meters, with up to 4 additional twin holes completed to gain sufficient sample quantity for laboratory analysis, metallurgical testwork and bulk sampling.


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