Catalyst Metals Limited (ASX: CYL) $3.05

06 May 2020

Catalyst Metals Limited (ASX: CYL) has intercepted gold at its Boyd’s Dam Prospect at the Four Eagles Gold Project north of Bendigo in Victoria (Figure 1). The company holds a 50% interest in the project with Gold Exploration Victoria Pty Ltd (GEV), a wholly owned subsidiary of Hancock Prospecting Pty Ltd.

Boyds Dam Pros Map

Figure 1. Location of the company’s tenements in northern Victoria.

 

Highlights from reverse circulation drilling at the prospect includes:

  • 23.0 metres @ 18.34g/t Au from 99.0 metres including 11.0 metres @ 34.5g/t Au;
  • 7.0 metres @ 8.81g/t Au from 161.0 metres; and
  • 13.0 metres @ 2.50g/t Au from 70.0 metres.

 

The Four Eagle Gold Project is situated along the Whitelaw Fault and covers an area of approximately 6 kilometres long and 2.5 kilometres wide. The drilling program was designed to provide further information on the interpreted mineralised zones along strike and at depth. The company had $20.6 million dollars in cash and cash equivalents at the end of the March 2020 quarter.

 

For further information, visit www.catalystmetals.com.au

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