Catalyst Metals Limited (ASX:CYL) has discovered a gold zone grading over 100g/t from drilling north of its Four Eagles Gold Project, one of nine exploration licenses held north of Bendigo in Victoria.
Best assay results were intersections of 3.0 metres at >100 g/t gold from 96 metres and 3.0 metres at 1.15 g/t gold from reconnaissance air core drilling north of Boyd’s Dam at the Four Eagles Gold Project.
Of interest, the Four Eagles gold project is a joint venture between Catalyst, Providence Gold and Minerals Pty Ltd and Gold Exploration Victoria Pty Ltd, a wholly owned subsidiary of Hancock Prospecting Pty Ltd.
High grades of gold are not new at Four Eagles, previous finds included grades exceeding 36g/t gold but this hit supports the potential of the Whitelaw Gold Belt.
The gold mineralisation was intersected on two lines 600 metres apart.
The Boyd North Prospect appears to represent a new zone of gold mineralisation north of Boyd’s Dam Prospect with an apparent offset of about 100 metres to the west.
A ground gravity survey has been completed and the data has been merged with available Government data and images are being produced that provide strong targets for drilling.
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