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Catalyst Metals Ltd.
Summary
| Project: | Golden Camel | |
|---|---|---|
| Deposit: | Golden Camel | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/31/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-3-2020: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Golden Camel deposit at the Golden Camel project. Drilling results incl. 13m @ 4.0ppm Au from 101m. Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is ple | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Kay (Internal) | |
| ABSTRACT: | Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to announce that during the December 2019 Quarter, it carried out reverse circulation (RC) and reconnaissance drilling at the Golden Camel Project located east of Fosterville in Victoria (Figure 1). Two of three RC holes drilled on the Golden Camel Mining Licence (MIN5548) intersected sulphide zones with one interval in RCG018 containing 13 metres @ 4.0g/t Au. Catalyst has also undertaken a compilation of extensive drilling and other technical data collected over the past 50 years at the Toolleen Gold Zone and the Golden Camel Gold Zone which had been subject to historical mining. This interpretation was done in the context of considerable knowledge gained by Catalyst on its projects in the Whitelaw Gold Belt and has highlighted excellent potential for high grade gold discoveries at these advanced projects. GOLDEN CAMEL PROJECT FARM-IN In July 2018, Catalyst announced that it had entered into an agreement with Golden Camel Mining Pty Ltd to earn 50.1% interest in Exploration Licences 5449 and 5490 by the expenditure of $650,000 over 5 years. | |
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