Catalyst Metals Limited (ASX: CYL) has intersected new zones of gold mineralisation with values of up to 43.5g/t east of the Boyd’s Dam trend which may represent the Eagle 5 structure at the company’s Four Eagles Gold Project in Victoria.
Catalyst’s Technical Director, Bruce Kay, said there is virtually no previous drilling in this area which is interpreted to potentially contain a mineralised structure at least 1.5 kilometres long.
Further shallow high-grade gold mineralisation was intersected at Boyd North (8m @ 4.9g/t Au, 3m @ 19.4g/t Au, 7m @ 5.7g/t Au) and has potential to continue southward at greater depth beneath Boyd’s Dam.
The air core programme in 2020 was partly disrupted by weather events and COVID-19 restrictions but generally was successful in testing many reconnaissance areas,” Mr Kay said.
It is very encouraging to see a new structure with high grade gold mineralisation emerging east of Boyd’s Dam as well as further high-grade zones in the Boyd North area.”
The Four Eagles Gold Project is situated along the Whitelaw Fault which is considered to be a major structural control of gold mineralisation at Bendigo, and to the north.
Catalyst holds a 50% interest in the Four Eagles Gold Project in joint venture with Gold Exploration Victoria Pty Ltd (GEV) (a wholly owned subsidiary of Hancock Prospecting Pty Ltd). Exploration expenditure is jointly funded by Catalyst and GEV.
During 2020, the Company drilled 179 air core drill holes for a total of 19,252 metres on the Four Eagles Gold Project on a number of prospects including Boyd North, Hayanmi, Cunneens, Eagle 5, and to the north on EL5295.
At the Macorna Project, a further 19 air core drill holes were completed for a total of 2486m.
Highlights have included:
- 1.0m @ 43.5g/t Au, 9.0m @ 2.0g/t Au, 6.0m @ 1.22g/t Au east of Boyd’s Dam
- 8m @ 4.9g/t Au from 42m
- 3m @ 19.35g/t Au from 35m
- 7m @ 5.68g/t Au from 39m
Further gold intersections occurred at Cunneens and Hayanmi South