Catalyst Metals records best gold hits to date at Hayanmi prospect

THE DRILL SERGEANT: Catalyst Metals (ASX: CYL) announced its best gold intersections to date at the Four Eagles gold project, located near Bendigo in Victoria.

The company has carried out a two hole program of angled air core drilling, which intersected two broad zones of gold mineralisation with internal high-grades up to 18 grams per tonne gold at the Hayanmi prospect.

The two holes were drilled 1.6 kilometres apart and, according to Catalyst, have extended the prospect’s previously reported mineralised zone.

The Hayanmi prospect is one of three defined lines of gold mineralisation at the Four Eagles gold project.

Catalyst explained the angled air core program was designed to infill a 2.6 kilometre long mineralised zone to a spacing of about 200m.

Twenty-seven holes were completed on seven east west traverses across the interpreted mineralised structure with most traverses containing at least one gold intersection of note, including:

FE696
42 metres at 2.12 grams per tonne gold, including 21m at 3.42g/t gold or 6m at 9.6g/t gold;

FE700
24m at 2.31g/t gold, including 15m at 3.36g/t gold or 3m at 12.4g/t gold;

FE679
3m at 2.86g/t gold;

FE681
6m at 0.91g/t gold;

FE684
3m at 2.57g/t gold; and

FE686
3m at 1.23g/t gold.

“These broad intersections are the best that we have ever seen at Four Eagles and the combination of low and high grades is encouraging,” Catalyst Metals technical director Bruce Kay said in the company’s announcement to the Australian Securities Exchange.

“This is the first major deep angled drilling program that has been carried out across the Hayanmi mineralised corridor and seems to confirm that the gold mineralisation is disseminated within a steeply dipping shear zone.”

Website: www.catalystmetals.com.au