Announcement Date: 2022-05-03
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Catalyst Metals Ltd.
Project name: Four Eagles
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 1m @ 150.5g/t Au from 38m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Catalyst Metals Limited (ASX: CYL) is pleased to announce more strong drilling results at its Four Eagles Gold Project in Victoria. The results, which include intersections of up to 150g/t, are important because they will form part of a maiden JORC Resource. This Resource estimate will in turn underpin a decision on whether to establish an exploration tunnel to enable another ramp up in drilling. Air core, RC and diamond drilling resumed at Four Eagles in November 2021, with deeper diamond drilling and shallow RC drilling at Boyd’s Dam and air core drilling at the northern extremities of the Boyd’s Dam structure. While further drilling results are to come, the RC program is already showing some strong zones of gold mineralisation at the relatively under-drilled northern portion of the Boyd’s Dam structure. It is also continuing to confirm the high-grade gold zone in the top 100 metres of the deposit.
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