Catalyst Metals is currently in the middle of a MASSIVE Drilling campaign!
We have PLENTY of results pending and PLENTY of drilling currently going on!
Four Eagles
Two diamond drill rigs and one RC drill rig are operating at Boyd’s Dam and Boyd North since December 2020
At Boyd North, where previous drilling was limited to the top 100 metres, two diamond drill holes FEDD049 and FEDD052, 100 metres apart, have intersected a strong structure with quartz veining, arsenopyrite and visible gold at 347 metres and 338 metres down hole respectively.
Although no assays are yet available, these intersections may represent a stacked repetition of the shallow gold zone at Boyd North which is typical of many Victorian gold deposits.
Eight RC drill holes have been completed with two holes reaching depths of greater than 320 metres. No assays have yet been received.
Tandarra Project
Air core drilling resumed in December 2020 with the initial focus being on the previously demonstrated mineralisation at the southern end of the Macnaughtan and Lawry trends (Figure 5). Drilling was in progress at year-end, with assays anticipated in the 2021 March quarter.
Drummartin Project
Drilling will continue into 2021, and initial assay results anticipated in the March 2021 quarter.
Air core and diamond drilling are in progress at the Tandarra Gold Project and a regional air core drilling program is being undertaken at the Drummartin Project north of Fosterville.
North Central Victorian Gold (NCVG) Tender Catalyst lodged tender applications for three of these blocks in partnership with GEV. The Victorian Government recently reconfirmed the results of the highly competitive tender process is expected in March 2021.
Golden Camel
They will also be continuing to drill a number of RC holes at Golden Camel, which commenced in December 2020 and that will also be completed in the 2020/21 field season.
Henty Gold Mine
A review of all regional geological and geophysical data has also been completed and an exploration program is planned for the exploration licence (EL28/2001) along the Henty South Fault to the south of the Henty Mine.
Underground diamond drilling will be increased to 3 rigs with 10,500 metres budgeted for pre-production areas and 28,000 metres on exploration in the mine corridor.
Dedicated underground development will be required for some of the exploration targets.
Pre-production will focus on Zone 96, Sill Zone, Mt Julia, and Darwin North, South and Central Areas (Figure 2) and
Exploration will be mostly targeted on the zone between Darwin North and Intermediate Zone adjacent to the Moa Fault (Collar Zone on Figure 4).
Lesser programs will target the down dip extensions of Zone 96 and Zone 15 as well as a small program on the Read Zone.
Routine drilling results are planned to be released approximately every three months.
CYL also have PLENTY of other tenements such as;
Eagle 5 Prospect, Cunnens, Pickles, Marcona Bore Project, Boort Project, Sebastian North Project, Raydarra East, Raydarra, Drummartin, Tooloon etc. of which many of which will be drilled in 2021
The Current Driling Programs are;
*Major c. A$9.0mFour Eagles’ JV exploration campaign comprising 4-5 drill rigs to drill 30,000m focused on Boyd’s Dam commencing from December through to June 2021
*Major c. A$7.0m exploration programs at Tandarra, Drummartin, Boort, Raydarra, Toolleen & Golden Camel projectsto drill c. 50,000m in next 12 months
*Boyd’s Dam maiden JORC Resource targeted in 2021
CYL are also now Producing Gold at Henty Mine in Tasmania!
If you really want to understand the true story of the Whitelaw Fault which controls gold the mineralisation in the Bendigo regionthen you must understand that the gold was hidden from the old timers of Bendigo by roughly 30m+ of Murray Basin Sediments, and remains virtually untested!
CYLs tenements cover a very dominant position of the key Whitelaw Fault!
Catalyst holds JVs with Gina Rhinehart (GEV) and SBM,
80% of the stock is held by the Top 20, and only has 98 million shares available!
If you want to see high grade results then please check out the many MANY HIGH GRADE ASX announcements such as on 29 April 2019;
Boyd’s Dam Zone bulk leach assays confirm best-ever Catalyst gold intersection:
−8m @ 212.3g/t Au from 84m including 1.0 metre @ 1,675g/t Au in FERC236
−7m @ 8.24g/t Au from 44m including 1.0 metre @ 36.5g/t Au in FERC233
−18m @ 9.33g/t Au from 85m in FERC239
IMHO this is stock is currently way undervalued and is available at a very BIG discount!
GLTAH+DYOR
P.s. Don't forget that Mr Bruce Kaye former Head of Worldwide Exploration for Normandy Mining and Newmont is at the Helm of Catalyst!!!!!!! He seems to really Like the Projects!!!!!
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