- Catalyst Metals (CYL) has intersected more high-grade gold mineralisation at Boyd’s Dam within the Four Eagles Gold Project
- These results confirm the Boyd’s Dam Prospect is a significant greenfields gold discovery
- Technical Director Bruce Kay is pleased with one drill hole in particular — claiming it’s one of the best gold zones ever recorded at Four Eagles
- Meanwhile, bulk leach assaying is in progress for all Boyd’s Dam samples and will be reported in the current quarter.
- Catalyst Metals is up 4.81 per cent and shares are trading for $3.05 each
Catalyst Metals (CYL) has announced further excellent gold results from reverse circulation drilling at the Boyd’s Dam Prospect within the Four Eagles Gold Project.
Hole FERC284 intersected three gold zones between 70 metres and the end of the hole at 168 metres depth.
The best intersections were 23 metres at 18.34g/t gold and seven metres at 8.81g/t gold with the hole finishing in gold mineralisation at 168 metres depth. A three-metre interval in this hole assayed 110.2g/t gold.
Further results include 13 metres at 2.5g/t gold from 70 metres, one metre at 52.7g/t gold and one metre at 23.7g/t gold and confirm Boyd’s Dam as a significant greenfields gold discovery.
“The intersection in FERC284 is one of the best gold zones ever recorded at Four Eagles where Boyd’s Dam continues to deliver high-grade gold intervals with values greater than 100g/t Au,” Technical Director Bruce Kay said.
Drilling commenced at Boyd’s Dam in December 2019 and was completed in early March of this year. A total of 1905 metres were drilled across 15 holes, although two holes failed and were not sampled.
Drilling was aimed at providing more information on the interpreted mineralised shapes both along strike and at depth. The RC program also aimed to determine if depths of greater than 300 metres were possible to potentially make future drilling more efficient and cost-effective.
While FERC272 did reach 300 metres, Catalyst encountered difficulties with the pre-collar. However, this should be an easy fix just by changing drilling methods.
A small air core drilling program was also carried out during the RC program at Boyd’s Dam. A total of seven holes for 529 metres was completed to drill the gap zone between Boyd’s Dam and Boyd North.
Unfortunately, none of the holes reached the required 100-metre depth where previous gold intersections have been recorded.
Old air core and RC holes show deeper high-grade gold mineralisation, and Catalyst plans to undertake further RC drilling to test this zone.
Bulk leach assaying is in progress for all RC samples from Boyd’s Dam and will be reported in the current quarter.
The Four Eagles Gold Project is situated along the Whitelaw Fault which is considered to be a major gold mineralisation zone north of Bendigo in Victoria.
Catalyst has interests in 11 exploration licences and two retention licences which extend for roughly 75 kilometres along the Whitelaw Gold Belt and Tandarra Fault.
The Four Eagles Gold Project is held in a 50:50 joint venture with Gold Exploration Victoria.
Catalyst Metals is up 4.81 per cent and shares are trading for $3.05 each at 12:36 pm AEST.