CYL are currently in the middle of major 80,000m drilling...

CYL are currently in the middle of major 80,000m drilling campaign which commenced in early December.

Below is a list of the drilling programs and very large amount of assay results that are imminently pending!

The upcoming QAR will be very exciting reading this year IMHO!!


Henty Mine

Results are imminent!

4 March 2021

Routine drilling results are planned to be released approximately every three months.

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.

21 April 2021

Exploration drilling is continuing underground and planning is in progress to commence surface exploration on the 25 kilometre strike length to the south and north of the Henty Mine with an initial focus on finding near mine resources within the existing mining leases.

21 December

Catalyst to leverage exploration expertise with 40,000m drilling program in first 12 months to target high grade, upper proportion of mine to expand high grade inventory.Catalyst also intends to accelerate aggressive in and near mine exploration from the existing underground development drives compromising c. 40,000m of drilling in the next 12 months, together with a systematic regional program across the 81km2 tenement package to support establishment of a five year mine plan.





Tandarra

Results are imminent!

15 April

An eight-hole program of diamond drilling and deep reverse circulation drilling is in progress, testing depth extensions of the Tomorrow zone for up to 500m below surface. Two diamond holes have been completed with significant quartz-sulphide fault zones intersected at depths of between 180m and 450m downhole.

These newly discovered structures are interpreted to be fault repetitions which could represent upside potential for the Tomorrow gold system. Assays are pending.


2021 DRILLING PROGRAM COMPLETION

A further 45 AC holes for 5,000m is planned at Lawry and Macnaughtan south zones, however recent rains have delayed access and bought the farm seeding calendar forward, hence it is unlikely all holes will be completed this field season.

A further two diamond drill holes, and three deep reverse circulation holes remain to complete the 2021 program at the Tomorrow zone.

Results from all pending assays will be reported after the season’s drilling activities have been finalised.





Boyds Dam

Results are imminent!

9 March

Visible gold in deep structure in two diamond drill holes at Boyd North (not yet assayed)RC, Diamond and Air Core drilling continues on three projects.

Diamond Drilling at Boyd’s Dam at the Four Eagles Gold Project has intersected further gold mineralisation with visible gold being recorded in four of the nine holes completed.

Assays have only been received for four holes two of which have significant intersections.

Eight RC drill holes have been completed with two holes reaching depths of greater than 320 metres. No assays have yet been received.

Two diamond drill rigs and one RC drill rig are operating at Boyd’s Dam and Boyd North.





Current Drilling

(1) Air core and diamond drilling are in progress at the Tandarra Gold Project

(2) Regional air core drilling program at the Drummartin Project north of Fosterville.

(3) RC, Diamond and Air Core drilling continues on three projects at 4Eagles.

(4) Diamond Drilling underground and above ground drilling exploration!




Outlook

CYL are extremely busy collecting and studying as many drill hole cores as possible to assay and correlate together to provide us the shareholders with an absolute abundance of news flow in the very near future!

All of their current programs, especially at Henty and 4Eagles are being drilled directly into the sweet spot so one would shortly expect to receive some very exciting results that will leave our eyes watering and mouth salivating for all!

CYL has PLENTY of cash in the bank @ $35+ Million.

and,

$20 Million more to add to the above total once all options are exercised in 2022

IMHO I believe that all options will be exercised based on ALL of the brilliant projects currently being drilled!

And,

The Henty Mine is currently making money for CYL by producing gold in a very profitable manner ATM and it also has a massive exploration upside including its own JORC compliant Indicated and Inferred Resource of 2.4Mt @ 4.3g/t for 334koz

This basically means that with only 98 million shares available on the register the current holders of CYL may never again have to put money into a CR = ZERO DILUTION !!!!

And if you would really like to add some wonderful herbs and spices to owning a chunk of shares in this company 80% of CYL is owned by the Top 20…This leaves only a very small amount available for purchase to the general public!

Please also feel free to do some extra research about CYL where you will find out that CYL have a JV with Gina Rhinehart, SBM, and I am sure that in the future Kirkland Lake will buy some more….
-KLA are the #1 NML shareholders and they have a JV with CYL at Tandarra (Newmarket Gold NT Holdings Pty Ltd)…

And very importantly PLEASE do not forget that we have a true professional Mr Bruce Kaye at the helm of CYL who was the former Head of Normandy and Newmont Mining Exploration World Wide!!


And if you like high grade gold then just take a look at some of CYLs previous drill hits like;

BOYD NORTH 9m @ 22.7g/t Au 3m @ 154g/t Au 4m @ 20g/t Au

BOYD’S DAM 16m @ 15.4g/t Au 18m @ 9.3g/t Au 8m @ 212.3g/t Au 25m @ 23.0g/t Au 7m @ 8.8g/t Au 3m @ 19.3g/t Au
7m @ 7.7g/t Au 8m @ 4.9g/t Au 1m @ 32.0g/t Au

TANDARRA 17m @ 7.1g/t Au 10m @ 17.9g/t Au 5m @ 17.0g/t Au

EAGLE 5 1m @ 43.5g/t Au

CUNNEENS 3m @ 21.4g/t Au

HAYANMI 20m @ 21.4g/t Au 22m @ 36.5g/t Au 6m @ 21.5g/t Au

PICKLES 6m @ 82.7g/t Au 3m @ 9.6g/t Au

GOLDEN CAMEL 9.0m @ 5.0g/t Au 13.0m @ 4.0g/t Au

TOOLLEEN 6.0m @ 9.7g/t Au (incl. 2.0m @ 27.7g/at Au)

IMHO I believe this is only the very beginning of something very beautiful!

It is simply fantastic that the old-timers couldn't see or follow the gold strike from Bendigo to where our tenements lie under the Murray Basin Sediments!! With modern technology Its our turn now!!

And as they say,

CYL hold a massive position over the key Whitelaw Fault of which controlled the gold mineralisation in the Bendigo region!

Results are coming!!

Good luck to management and ALL shareholders!!

May 2021 be MASSIVE!!


GLTAH+DYOR