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Catalyst Metals Ltd.
Summary
| Project: | Four Eagles | |
|---|---|---|
| Deposit: | Boyd's Dam, Boyd North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-4-2017: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Boyd's Dam, Boyd North deposit at the Four Eagles project. JV - drilling results incl. 6m @ 50.4g/t Au from 114m. Catalyst Metals Limited (Catalyst or the Company) (AS | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Kay (Internal) | |
| ABSTRACT: | Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) advises that assays received from the Boyd’s Dam and Boyd North Prospects at the Four Eagles Gold Project have shown the highest gold grades received to date. Within a six-metre intersection in FERC152 at Boyd’s Dam that assayed 50.4g/t Au, a one-metre interval assayed 247g/t Au. Ten holes contained intersections greater than 20 gram metres and confirm that the structure has good gold grades throughout the 1.8 kilometre strike length. Catalyst’s 2017 drilling programme is still in progress with two drill rigs currently working on the Tandarra Gold Project located about 15 kilometres to the south. The Four Eagles Gold Project drilling will resume after the completion of the Tandarra Gold Project drilling programme. This announcement only covers results that have been received for most of the RC Blade/Hammer programme at Boyd’s Dam and also the Air Core programme at Boyd North and a northern section at Hayanmi. Assay results are still outstanding for RC Blade follow up drilling at Boyd North and for the major drilling programme at Hayanmi. Further announcements will be reported in the coming month as sufficient assay resultss are received from a project area to provide meaningful interpretation. Catalyst retains a 50% interest in the Four Eagles Gold Project whilst Gold Exploration Victoria Pty Ltd (GEV) (a subsidiary of Hancock Prospecting Pty Ltd) is earning up to a 50% interest from Providence Gold and Minerals Pty Ltd by spending $4.2 million on exploration. To date, GEV has already earned a 25% interest in the Four Eagles Gold Project by spending $2.1 million and should complete the remaining expenditure during 2017. | |
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