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: | 9/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-9-2018: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Cunneens deposit at the Four Eagles project. Drilling results incl. 2.0m @ 0.99g/t Au from 107.0m. 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 that gold mineralisation has been intersected in reconnaissance air core drilling of a gravity geophysical target on the interpreted Eagle 1 Structure at the Four Eagles Gold Project. The new zone, named Cunneens Prospect has been intersected on two east west drill traverses about 1.6 kilometres apart and may indicate a new zone of gold mineralisation parallel to the known zones at Discovery, Hayanmi and Boyd’s Dam/Boyd North. Although the gold grades are low to moderate (1.3g/t Au to 3.1g/t Au), the presence of anomalous arsenic geochemistry and the fact that drill holes are quite widely spaced provides encouragement that higher-grade zones will be intersected with further drill testing. 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). This is the structural zone understood to control the emplacement of the Bendigo gold deposits and to extend in 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 km and 40 km north-north-west of Bendigo) contain potentially economic gold occurrences similar in style to those at the historical Bendigo mines (Figure 1). In addition to these gold occurrences identified and outlined by Catalyst in the Whitelaw gold Belt, Catalyst has significant tenement positions in potential gold belts north of Fosterville (Drummartin EL6507) and Inglewood (Boort EL6670) and has recently signed an earn-in agreement on the Golden Camel Project (EL5549, EL5490). | |
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