General News
10 October, 2022
Drilling 50,000 metres
CATALYST Metals has completed more than 50,000 metres of drilling across its Victorian exploration projects. The company’s annual report released on Monday said COVID had hampered access to drill rigs and prevented key personnel from getting to...
CATALYST Metals has completed more than 50,000 metres of drilling across its Victorian exploration projects.
The company’s annual report released on Monday said COVID had hampered access to drill rigs and prevented key personnel from getting to Bendigo.
“This negatively impacted drilling results during the financial year. Nonetheless, the drilling did prove successful in increasing the known mineralisation in close proximity to Boyd’s Dam,” Catalyst chairman Stephen Boston said.
“This is an important milestone as this concentration of mineralisation alters the economics of any future operation that may exist, as it will allow ore to be sourced from multiple high-grade areas in close proximity to one another - Boyd’s Dam, Hayanmi, Pickles, Cunneens and Boyd East.
“At the Four Eagles Gold Project, the company announced that studies had commenced to evaluate the concept of an underground exploration tunnel. The company has engaged industry leading consultants and conducted extensive community and stakeholder consultation as it works towards the submission of the underground exploration tunnel work plan with the Victorian Government.”
Catalyst shares rose to $1.38 on Monday before easing to $1.33, up four cents on the day’s opening.