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Catalyst Metals Ltd.
Summary
| Project: | Macorna Bore | |
|---|---|---|
| Deposit: | Macorna Bore | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/31/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-7-2019: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Macorna Bore deposit at the Macorna Bore project. AC drilling results for Macorna Bore project. Catalyst Metals Limited (Catalyst or the Company)(ASX: CYL) has signifi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Kay (Internal) | |
| ABSTRACT: | Catalyst Metals Limited (Catalyst or the Company)(ASX: CYL) has significant interests in two retention licences (RL’s) and thirteen (13) exploration licences (EL’s) over the Whitelaw Gold Belt - an area approximately 75 kilometres long, and 5-10 kilometres wide commencing immediately north of the outcropping Bendigo Goldfield, and positions around similar deep-crustal structures to the east and west (Figure 1). These licences total some 2,100 square kilometres in area (Figure 1). The Macorna Bore Project is located at the northern end of Catalyst’s Whitelaw Belt tenement block (Figure 1). AC drilling was undertaken on targets identified during a gravity geophysical survey conducted in 2018. Commencing in November 2018 the completed program totalled 79 holes (7,919 metres). Assaying has defined clear zones of anomalous arsenic and occasional hits of trace gold, a result potentially indicative of proximity of gold mineralisation. Full location data on the air core holes are shown in Appendix 1 on Table 1a and a Summary of Sampling Techniques and Reporting of Exploration Results according to the JORC Code 2012 Edition are also tabulated in Appendix 1. Maximum gold values in each hole are tabulated in Table 1b of Appendix 1. This program is being funded jointly by the Victorian Government under its TARGET co-funding scheme. | |
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