General News
4 November, 2022
Gold estimates this year
CATALYST Metals aims to have multiple maiden resource estimates from its flagship Four Eagles Gold Project over the next 12 months. The company told the Australian Stock Exchange on Monday the estimate for Boyd’s Dam exploration near Mitiamo was...
CATALYST Metals aims to have multiple maiden resource estimates from its flagship Four Eagles Gold Project over the next 12 months.
The company told the Australian Stock Exchange on Monday the estimate for Boyd’s Dam exploration near Mitiamo was expected this year.
“Nearby prospects – such as Hayanmi – are targeting completion of resource estimate in 2023,” Catalyst’s quarterly report said.
“These planned resources all lie in close proximity to the proposed exploration tunnel
“These potential resources surrounding the proposed exploration tunnel are important to the ultimate investment decision of the merits of proceeding with development of the tunnel itself.”
Catalyst said the exploration tunnel’s works plan submission to the Victorian Government was expected later this year.
“Drilling during the quarter was encouraging. It extended the mineralised system around the proposed tunnel area ... from the first deep hole at Hayanmi thereby indicating repeated mineralisation at depth now at both Hayanmi and Boyd’s Dam,” Catalyst said.
“Boyd East is a new prospect lying 300 metres from Boyd’s Dam. Further investigations are underway as to its potential however early signs are encouraging with significant and consistent fault development.”