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Catalyst Metals Ltd.
Summary
| Project: | Four Eagles | |
|---|---|---|
| Deposit: | Boyd's Dam | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-6-2018: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Boyd's Dam deposit at the Four Eagles project. Drilling results incl. 16.0m @ 63.0g/t Au from 42.0m. Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Kay (Internal) | |
| ABSTRACT: | Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to advise outstanding gold intersections from RC drilling of the Boyd’s Dam Zone at the Four Eagles Gold Project. Within a sixteen metre (16.0m) intersection in FERC222 at Boyd’s Dam that assayed 63 g/t Au, a one-metre interval assayed 810g/t Au, the highest ever recorded for an interval at the project. Strong gold intersections were recorded over a strike length of at least 500 metres at Boyd’s Dam which will enable modelling of the mineralised zone in the top 100 metres. The diamond drilling programme has provided the first ever test of the mineralised system down to a depth of 250 metres and provided vital information on positions of the anticline and significant faulting and quartz development. This announcement covers the assays received to date for 37 holes in the RC Blade/Hammer programme at the Boyd’s Dam Zone. Assays are still awaited for several holes. All of the assays quoted are from 25 gram samples using aqua regia digest and AAS but with a bulk cyanide leach assay on 2 kilogram samples still to be carried out on all anomalous samples to confirm the results. These two assay methods have tended to show good correlation in the past and indicate that the gold is finely disseminated and much less nuggetty than previously discovered at Bendigo. The Company has significant interests in eight exploration licences (EL’s) covering the whole of the known Whitelaw Belt - an area of approximately 75 km long, and 5-10 km wide commencing immediately north of the outcropping Bendigo Goldfield (Figure 1). This is the structural zone thought to control the emplacement of the Bendigo gold deposits, and to extend in a generally northerly direction in favourable Ordovician rocks beneath the covering veneer of younger Murray Basin sediments. In particular, the Company’s Four Eagles and Tandarra projects, (respectively about 55 and 40 km north-north-west of Bendigo) contain potentially economic gold deposits similar in style to those at the historic Bendigo mines (Figure 1). | |
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