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Catalyst Metals Ltd.
Summary
| Project: | Four Eagles | |
|---|---|---|
| Deposit: | Boyd's Dam | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-9-2018: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Boyd's Dam deposit at the Four Eagles project. Drilling results incl. 14m @ 4.92g/t Au from 50.0m. Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Kay (Internal) | |
| ABSTRACT: | Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to report the results of the most recent eight RC drill holes at the Boyd’s Dam Zone on the Four Eagles Gold Project. Six of these holes contained strong gold intersections to complement the results of earlier holes reported in June 2018 and confirm a zone of gold mineralisation in the top 100 metres with a strike length of at least 500 metres. The zone is still open to the north where widely spaced drilling showed high grade gold mineralisation at depths of 20 to 40 metres (Boyd North) and may plunge southward below the limit of previous drilling. This announcement covers assays received for the final eight (8) RC holes of a 41-hole programme undertaken between April and June 2018. All of the assays quoted are from 25-gram sub-samples using aqua regia digest and AAS. Bulk cyanide leach assay on 2-kilogram samples are in progress 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 what was present at Bendigo. The Company has significant interests in seven exploration licences and one retention licence 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) | |
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