A Catalyst Metals Limited-led JV (ASX: CYL) has significantly extended the strike zone of the Macnaughtan prospect in Victoria within the Tandarra Gold Project with a number of high-grade gold interceptions.
The new gold finds were found in Catalyst and JV partner Navarre Minerals Limited’s (ASX: NML) 42 hole air core (AC) infill drilling programme on the southern extension of the Macnaughtan gold trend and 31 holes of reconnaissance AC drilling north of the Lawry Zone.
The AC drilling programme is located within the Tandarra Retention Licence, located 40km north of the historical 22Moz Bendigo Goldfield in Victoria. Licence RL006660 is owned in joint venture by Catalyst (51%) and Navarre (49%) with Catalyst as manager of the joint venture.
The Tandarra Gold Project is situated along the Whitelaw Fault, about 40 kilometres north of Bendigo.
Catalyst Technical Director, Bruce Kay, said the Whitelaw Fault is considered to be the major structural control of gold mineralisation at Bendigo, extending northwards to the Murray River, concealed beneath a blanket of younger, post-mineralisation sediments of the Murray Basin.
The high grades and continuity of gold mineralisation revealed by this AC drilling are highly encouraging, confirming the potential of the southern Macnaughtan prospect to become the second significantly mineralised structure at Tandarra, in parallel with the high grade gold intersections at the Tomorrow Zone, 250 metres to the east,” Mr Kay said.
The infill drilling at Macnaughtan has revealed highly significant gold mineralisation over a 600m strike-length, with some indications of multiple mineralised horizons
These results extend the strike length of mineralisation reported on 6 April 2020 to 1.4 kilometres. Zones of anomalous arsenic with trace gold enclosed are interpreted to extend the zone(s) of higher grade gold mineralisation northwards.
Significant new intersections recorded in the Macnaughtan prospect include:
- 3 metres @ 94.9g/t Au from 87m;
- 18 metres @ 1.6g/t Au (including 3 metres @ 7.8g/t Au) from 75m;
- 1 metre @ 2.5g/t Au from 108 metres to end of hole (EOH);
- 3 metres @ 1.8g/t Au from 66m; and
- 3 metres @ 1.4g/t Au from 69m.