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Catalyst Metals Ltd.
Summary
| Project: | Tandarra | |
|---|---|---|
| Deposit: | Tomorrow Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-4-2018: Catalyst Metals Ltd. announces an Exploration/Drilling Update report for its Tomorrow Zone deposit at the Tandarra project. Drilling results incl. 10m @ 4.65ppm Au from 83m. Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is please | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Kay (Internal) | |
| ABSTRACT: | Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to advise that its diamond drilling programme at the Tandarra Gold Project has confirmed the upper shallow gold mineralisation at the Tomorrow Zone and intersected a new lower zone of gold mineralisation. RC drilling on the Tomorrow Zone has also extended the strike length of the shallow gold zone by at least 200 metres to the south where visible gold has been seen in a recent drill hole. The last intersection quoted is very significant because it confirms the presence of a deeper zone of gold mineralisation separated from the previously drilled shallow gold zone at Tomorrow. It contains extensive quartz veining, sulphides (arsenopyrite and pyrite), alteration and some visible gold. As explained in previous announcements, the stacking of shallow plunging gold zones is a feature of both the Fosterville mine where the Swan Zone now contains reserves of 1.16 million ounces of gold at a grade of 61.2 g/t Au (refer ASX announcement by Kirkland Lake Gold Limited dated 6 April 2018) and Bendigo, which produced 22 million ounces of gold at a grade of 15g/t Au. This stacking was also indicated at the Four Eagles Gold Project where the Company intersected two high grade gold zones in one hole during 2017 (20.0 metres @ 21.4g/t Au and 22.0 metres @ 36.5g/t Au in FERC185) | |
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