General News
28 June, 2023
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CATALYST Metals maiden mineral resource has shown high grade gold deposits at its Four Eagles project. The mining company’s initial resource on exploration in the Mitiamo district said Four Eagles Gold Project delivered 665,000 tonne at 7.7g/t for...
CATALYST Metals maiden mineral resource has shown high grade gold deposits at its Four Eagles project.
The mining company’s initial resource on exploration in the Mitiamo district said Four Eagles Gold Project delivered 665,000 tonne at 7.7g/t for 163,000oz Au.
This resource includes Iris Zone; a high-grade deposit of 70,000oz at 26.2g/tonne.
“The Boyd’s Dam and Iris Zone grade block models are considered to represent global (not local) mineral resources and therefore there is no underlying assumption of selectivity. It is anticipated that further drilling will be required to produce estimates at a local scale, and this will provide information important to mine planning,” it said.
Catalyst CEO James Champion de Crespigny said: “This is a significant milestone for Catalyst Metals.
“There are many similar nearby prospects already with high grade intercepts. “These need to be tested. Further, the location of Iris – in close proximity to both Boyd’s Dam and the proposed exploration tunnel – is significant as it has the potential to underwrite the cost of the proposed exploration tunnel,” he said.