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Catalyst Metals Ltd.
Summary
| Project: | Tandarra | |
|---|---|---|
| Deposit: | Tomorrow Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-10-2019: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Tomorrow Zone deposit at the Tandarra project. JV with Navarre Minerals - drill results incl. 0.4m @ 243.0g/t Au from 180m. Catalyst Metals Limited (Catalyst) (ASX: C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Kay (Internal) | |
| ABSTRACT: | Catalyst Metals Limited (Catalyst) (ASX: CYL) and Navarre Minerals Limited (Navarre) (ASX: NML) are pleased to announce diamond drill results confirming a new gold-mineralised zone parallel to and below the main Tomorrow Zone at Tandarra. The diamond drilling was a follow-up program to a potential new mineralised position first inferred from previous exploratory reverse circulation and diamond drilling (Refer to Catalyst ASX announcement dated 1 July 2019). The Tandarra Gold Project is situated along the Whitelaw Fault, about 40 kilometres north of Bendigo (Figure 1). The Whitelaw Fault is considered to be a major structural control of gold mineralisation at Bendigo, extending northwards to the Murray River (Figure 1). The vertical “stacking” or repetition of gold-mineralised horizons is a characteristic of auriferous quartz reef systems both at Bendigo and the Fosterville goldfields. The demonstration of repeated zones of gold mineralisation enhances the economic potential of Tandarra. The Tandarra Gold Project comprises Retention Licence RL006660, which is owned in joint venture by Catalyst (51%) and Navarre (49%) (Figure 1). Catalyst is manager of the joint venture. | |
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