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Catalyst Metals Ltd.
Summary
| Project: | Four Eagles | |
|---|---|---|
| Deposit: | Hayanmi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-8-2017: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Hayanmi deposit at the Four Eagles project. JV - Bulk cyanide leach assay results incl. 22m @ 36.5g/t Au from 116m. Catalyst Metals Limited (Catalyst or the Company) ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Kay (Internal) | |
| ABSTRACT: | Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to announce that bulk cyanide leach assays of previously reported high grade assays at the Four Eagles and Tandarra Gold Projects have confirmed the outstanding gold intersections reported previously. In hole FERC185, one intersection increased to 22.0 metres @ 36.5g/t Au while the other reduced in grade to 20.0 metres @ 21.4g/t Au. FERC185 finished in high grade gold mineralisation of 24.4g/t Au at 138 metres depth. It was very encouraging that even high-grade assays (>100g/t Au) were confirmed by the bulk leach assays with visible gold observed in at least two samples. High grade gold intersections at the Tandarra Gold Project were also generally confirmed by the bulk cyanide leach assays with both positive and negative variations. Catalyst is earning an interest in the Tandarra Gold Project from Navarre Minerals Limited (Navarre) (ASX: NML). This announcement finalises all assay results from the January to May 2017 drilling programmes at the Four Eagles and Tandarra Gold Projects. The Four Eagles Gold Project and the Tandarra Gold Project are situated about 15 kilometres apart along the Whitelaw Fault Corridor which is considered to be a major structural control of gold mineralisation north of Bendigo. Catalyst manages the entire Whitelaw Gold Belt and has interests in eight Exploration Licences which extend for 75 kilometres along the Whitelaw and Tandarra Faults north of Bendigo in Victoria (Figure 1). The Company has also lodged a large exploration licence application (Drummartin EL006507) over two potential regional faults to the east of Four Eagles, and north of the Fosterville Gold Mine. Recent spectacular gold discoveries at Fosterville by TSX listed Kirkland Lake Gold Ltd have provided added confidence to Catalyst in its exploration on the Whitelaw, Drummartin and Redesdale Fault Corridors. | |
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