Results back tunnel strategy
LATEST drilling reports backed Catalyst Metals’ strategy “to establish a significant inventory at Four Eagles”, the company has told the Australian Stock Exchange,
Technical director Bruce Kay said Catalyst would continue to drill at Mitiamo while assessing development options and future exploration strategies.
The company had commenced a study to assess viability of a 3.2km tunnel and 40km drill program.
Catalyst said the tunnel would run beneath sediment cover; parallel to key target areas and if approved, see a single team on double shift completing the tunnel in about six months
Current estimates anticipate commencing earthworks in spring 2023.
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