Catalyst Metals (ASX:CYL) is set for increased newsflow from its Four Eagles gold project in Victoria with a new geophysics underway in addition to two major drilling programs at targets known to have delivered grades exceeding 36g/t gold.
The campaign will include up to 24,000 metres of drilling at the project’s Hayanmi and Boyd’s Dam prospects as well as at regional reconnaissance areas.
Two drilling contracts are in progresss as of the end of January and a recently launched gravity survey over a 20-kilometre strike length of Four Eagles is expected to be completed before the end of the month.
Drilling will test a 2.9 kilometre mineralised zone at Hayanmi, where previous exploration has returned 41 metres at 3.87g/t gold from 76 metres, including 6 metres at 16.3g/t gold from 76 metres.
Hayanmi has also produced 3 metres at 14.7g/t gold from 87 metres and 13 metres at 2.6g/t gold, including 5 metres at 5.76g/t gold from 135 metres.
Catalyst will also drill along a 700-metre mineralised zone at Boyd’s Dam, where previous drilling has found 3 metres at 36.6g/t gold from 57 metres and 6 metres at 3.77g/t gold, including 1 metre at 7.82g/t gold from 44 metres.
Four Eagles is a joint venture between Catalyst, Providence Gold & Minerals and Gold Exploration Victoria, a wholly owned subsidiary of Hancock Prospecting .
Catalyst is project manager and retains a 50% interest whilst Gold Exploration Victoria earns a 50% interest from Providence by spending up to $4.2 million on the project.
Catalyst now manages the entire Whitelaw Gold Belt in Victoria and has interests in nine exploration licences which extend for 75 kilometres along the Whitelaw and Tandarra Faults north of Bendigo in Victoria.
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