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Catalyst Metals Ltd.
Summary
| Project: | Four Eagles | |
|---|---|---|
| Deposit: | Hayanmi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-7-2016: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Hayanmi deposit at the Four Eagles project. JV - drilling results incl. 10.0m @ 3.7g/t Au. Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Kay (Internal) | |
| ABSTRACT: | Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to advise that initial gold assays from a RC Blade/Hammer programme carried out at the Company’s Four Eagles Gold Project during May and June 2016 further confirms the presence of significant gold mineralisation. Although only 2,331 metres (17 holes) were drilled before the onset of wet winter weather, intersections of greater than 1g/t Au were present in fourteen (14) of the completed holes. Most of the drilling was done at the northern end of the Hayanmi Gold Zone and generally confirmed previously reported mineralised zones. Catalyst retains a 50% interest in the Four Eagles Gold Project whilst Gold Exploration Victoria Pty Ltd (GEV) 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. The Four Eagles Gold Project is situated in the Whitelaw Gold Fault Corridor where Catalyst controls tenements over a 75 kilometre strike length north of Bendigo in Victoria (Figure 1). This programme involved the drilling of angled large diameter air core holes (RC Blade/Hammer) on the Hayanmi Structure and was a continuation of the programme commenced in January 2016. The Hayanmi Gold Zone is one of three gold trends identified at the Four Eagles Gold Project (Figure 2a and 2b). The overall objective of the programme is to complete drill traverses every 50 to 100 metres along the mineralised corridor to enable geological modelling of the gold mineralisation. | |
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