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Catalyst Metals Ltd.
Summary
| Project: | Tandarra | |
|---|---|---|
| Deposit: | Tomorrow Gold Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-7-2017: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Tomorrow Gold Zone deposit at the Tandarra project. JV - drilling results incl. 11.0m @ 17.8g/t Au from 47.0m. Catalyst Metals Limited (Catalyst or the Company) (ASX: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Kay (Internal) | |
| ABSTRACT: | Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to announce shallow highgrade gold intersections from the Tomorrow Zone at the Tandarra Gold Project from a shallow drilling programme to test the potential for open pit mineralisation. Several drill holes have confirmed gold mineralisation at depths of less than 20 metres from surface with individual gold grades up to 98.4 g/t Au and wider zones of gold mineralisation averaging greater than 5.0g/t Au. Modelling of the gold zones will now be carried out and it is possible that these intersections will improve the overall average grade of the shallow gold mineralisation available within a potential open pit mining shape. This announcement covers the assays received for sixty four (64) RC Blade holes for a total of 3,819 metres drilled on the Tomorrow gold zone over a strike length of about 450 metres. Holes were angled to the west at 60 degrees and drilled to a maximum depth of 80 metres (average vertical depth of 52 metres from surface). All assays quoted in this release are from 25 gram samples using an aqua regia digest and AAS finish. Follow-up bulk cyanide leach assays based on 2 kilogram subsamples are yet to be carried out on all anomalous samples to confirm the results. These two assay methods have tended to show good correlation in the past and indicate that the gold is finely divided and much less nuggety than at the nearby Bendigo gold deposit which historically produced 22 Mozs of gold. Mr Bruce Kay, Catalyst’s Technical Director, stated, “The RC drilling programme has confirmed the shallow gold mineralisation at the Tomorrow Zone with several outstanding high-grade intersections. In addition to providing shapes for a potential open pit deposit, the information will be valuable for future drill testing of the deeper sections of the deposit for high grade underground potential”. | |
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