Further testing on gold path
GOLD mineralisation has been found in the first drilling program in the Boort district.
Catalyst told the ASX that its exploration, a joint venture with Hancock Prospecting, “has encountered a possible trend of gold mineralisation at least a kilometre long that will require further testing”.
It said a detailed gravity survey over almost the entire licence generated 12 targets for air core drilling.
Drilling was conducted in two campaigns in November-December and February- March.
The quarterly report said 50 holes had been completed to carry out initial testing on four gravity targets and results had been received for 38 holes.
“Of significance on Target 2, gold mineralisation ... has been intersected on two traverses about 1000 metres apart and may represent a trend similar to others in the Bendigo Fosterville district.
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