For thousands of other reports visit RSC's Mineral Intellingence Map
Catalyst Metals Ltd.
Summary
| Project: | Four Eagles | |
|---|---|---|
| Deposit: | Cunneens | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/1/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-7-2019: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Cunneens deposit at the Four Eagles project. Drilling results incl. 5m @ 13.07ppm Au from 124m. Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Kay (Internal) | |
| ABSTRACT: | Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to announce a new discovery of high-grade gold mineralisation at the Cunneens Prospect at the Four Eagles Gold Project with gold values up to 49.2g/t Au intersected in air core drilling. This prospect was targeted using gravity geophysics and represents an increase in size of the high-grade gold footprint at Four Eagles which is now potentially 9 kilometres long by 5 kilometres wide. The Cunneens Prospect appears to lie along the Eagle 1 structure which has a potential strike length of 7 kilometres. The Cunneens Prospect within the Eagle 1 trend is at least 1.7 kilometres long but to date has only been drilled on three traverses. Each traverse contains intersections of at least 1g/t Au but the intersection of 3.0 metres @ 21.4g/t Au from 125 metres in FE915 shows that high grade gold is present at this new discovery. Interestingly, the Cunneens Prospect lies at the same distance from the Whitelaw Fault as does the Bendigo Goldfield which produced 22 million ounces of gold at an average grade of 15g/t Au. At the Tandarra Joint Venture, Catalyst is also pleased to announce that drilling at the southern end of the Tomorrow Structure has intersected further high grade gold zones with more evidence of “stacking” of shallow plunging gold zones similar to those observed at both Fosterville, where the Swan Zone contains reserves and resources of 2.34 million ounces of gold at an average grade of 49.6g/t Au (See Kirkland Lake Gold ASX announcement of 22 February 2019) and Bendigo. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report