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Catalyst Metals Ltd.
Summary
| Project: | Tandarra | |
|---|---|---|
| Deposit: | Tomorrow Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-2-2019: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Tomorrow Zone deposit at the Tandarra project. JV with Navarre Minerals Ltd. - drill results incl. 2.0m @ 17.4g/t Au. Joint Venture partners, Catalyst Metals Limited ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Kay (Internal) | |
| ABSTRACT: | Joint Venture partners, Catalyst Metals Limited (Catalyst) (ASX: CYL) and Navarre Minerals Limited (Navarre; ASX: NML) are pleased to announce the discovery of two deeper zones of significant gold mineralisation beneath a previously identified shallow gold zone at the Tomorrow Prospect within the Tandarra Gold Project in the Whitelaw Gold Belt north of Bendigo, Victoria (Figure 1). The results were recorded in diamond drill hole DDT018 which was logged and assayed following the signing of the Tandarra Joint Venture Agreement (JVA) in late December 2018. Bulk leach assays from the hole show two deeper zones of gold mineralisation beneath the shallow gold mineralisation at the Tomorrow Prospect. The upper zone reflects a new structural position not previously seen at Tomorrow whereas the deeper zone may correlate with the broad zone of gold mineralisation seen in diamond drill hole DDT015 about 200 metres to the north (31 metres @ 1.2g/t Au including 1.0 metres @ 17.5g/t Au; See Figure 3). DDT018 contains extensive quartz veining, sulphides (arsenopyrite and pyrite) and alteration and confirms the repetition or “stacking” of shallow plunging gold zones similar to those observed at both Fosterville, where the Swan Zone contains reserves and resources of 2.34 million ounces of gold at an average grade of 49.6g/t Au (See Kirkland Lake Gold ASX announcement of 22 February 2019), and the Bendigo Goldfield which produced 22 million ounces of gold at an average grade of 15g/t Au. | |
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