Catalyst Metals (ASX:CYL) has identified significant intersections including high-grade results, 9m @ 64 g/t and 9m @ 33 g/t Au in the first batch of results from a Mineral Resource infill drilling campaign at Trident in Western Australia.
The drilling program will provide important data to support Catalyst’s Definitive Feasibility Study of Trident.
This infill drilling programme at Trident is an important step for Catalyst to progress the Trident DFS,” MD/CEO, James Champion de Crespigny, said.
“One might describe this drilling as comfort drilling – there were gaps within the Trident Resource where Catalyst preferred to have closer spaced drilling. This infill drilling closes those gaps, giving greater comfort to the Mineral Resource and ultimately the DFS.”
During July, drilling contractors were mobilised at the Trident deposit to complete a reverse circulation (RC) and diamond drilling program (RC collars with diamond tails), targeting priority areas in the known mineralisation.
The objective of the programme was to improve the density of drill coverage within the Trident Mineral Resource.
The drilling results will also be used for further metallurgical testing and geotechnical assessment as part of the DFS.
The drill results are in areas where the mineralisation was estimated to be very high grade. However, the drill density was low. In these important parts of the Resource, closer spaced drilling was important. The fact that these intercepts are returning high-grade results, and as such confirming the continuity of this high-grade mineralisation, is very encouraging.
Catalyst has reviewed drillhole data made available through the acquisition of the Vango Mining tenure, and applied the previous verification performed by Vango technical personnel.
Trident Deposit and Scoping Study
The Trident deposit is located on existing mining leases, approximately 25km north-east of the Plutonic gold mine. An existing, well maintained haul road connects Trident to the Plutonic mill.
Trident hosts an Indicated Mineral Resource of 945kt at 9.4g/t Au for 285koz Au1 and an Inferred Mineral Resource of 645kt at 6g/t Au for 125koz Au. Catalyst recently released the results of a Scoping Study at Trident which utilised a 230koz of the 410koz Mineral Resource. This study demonstrated the potential for strong cashflows with low upfront development capital. Catalyst has commenced a DFS, which the results of the drilling program will support.
