STTCOMP CTN FA LONG CATALINA RESOURCES Limited SOI 1.2B+ Mkt Cap A$4.95m
Highlights
• Drilling completed at E38/3697 • The program comprised 25 holes for 1,593m. • Drilling targeted gold and REE targets.
Background
E38/3697 is a ~45km2(15 sub-block tenement) located 20km southeast of Laverton within the Laverton Gold Province, an exceptionally well mineralised terrain in the Eastern Goldfields, Western Australia. The region hosts several world class deposits of gold, nickel, and rare earth elements (REE) including Sunrise Dam (>10Moz Au), Wallaby (> 8Moz Au), Windara Nickel (combined 85k tonnes nickel sulphide) and the Mt Weld REE deposit, one of the highest-grade rare-earth deposits in the world (Mineral Resource of 54.7 Mt @ 5.3% TREO).
The Aircore drilling targeted areas along strike from the Lily Pond Well Mineral Resource (340kt @ 1.4 g/t Au1) that is hosted by the north-south trending Barnicoat Shear Zone. The shear zone traverses the southwest corner of E38/3697 and is interpreted to link the Lily Pond Well resource with the Mon Ami (1.56Mt @ 1.1g/t Au2) and Ida H (630kt @ 1.4 g/t Au3) Mineral Resources to the north. In addition, drilling tested REE targets associated with magnetic anomalies.
