Catalyst Metals Limited (ASX: CYL) has produced further excellent gold results from reverse circulation (RC) drilling at the Boyd’s Dam Prospect at the Four Eagles Gold Project in Victoria.
The latest RC hole at Boyd’s Dam, FERC284, intersected three gold zones between 70m and the end of the hole at 168m depth. The best intersections were 23m @ 18.34g/t Au and 7m @ 8.81g/t Au with the hole finishing in gold mineralisation at 168m depth. A 3m interval in this hole assayed 110.2g/t Au.
Catalyst’s Technical Director, Bruce Kay, said the other intersections of 1m @ 52.7g/t Au and 1m @ 23.7g/t Au confirm Boyd’s Dam as a significant greenfields gold discovery.
The intersection in FERC284 is one of the best gold zones ever recorded at Four Eagles where Boyd’s Dam continues to deliver high grade gold intervals with values greater than 100g/t Au,” Mr Kay said.
“It is very positive to record multiple zones in the one drill hole extending the gold system below 120 metres depth.”
The Four Eagles Gold Project is situated along the Whitelaw Fault which is considered to be a major structural control of gold mineralisation north of Bendigo in Victoria.
Catalyst manages the entire Whitelaw Gold Belt and has interests in eleven Exploration Licences and two Retention Licences which extend for 75 km along the Whitelaw and Tandarra Faults north of Bendigo and in other areas north of the Fosterville and Inglewood gold fields
Catalyst holds a 50% interest in the Four Eagles Gold Project in a 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.
The Four Eagles Gold Project covers an envelope of gold mineralisation approximately 6 km long and 2.5 km wide. Three prospects contain high grade gold mineralisation (Hayanmi, Boyd’s Dam and Pickles) and a further prospect (Cunneens) contains low grade gold mineralisation and is at an early stage of exploration
Old Air Core and RC holes show deeper high=grade gold mineralisation in this area (4m @ 20g/t Au from 110m, 3m @ 154g/t Au from 96m and 3m @ 3.8g/t Au from 101m).
Further RC drilling will be required to test this zone to 150 metres depth.