Catalyst Metals Limited (ASX: CYL) has obtained more “exceptional” assay results from drilling at the Iris Zone within its Four Eagles Gold Project in Bendigo, Victoria, Australia.
The latest assays show drilling intersected gold in a further seven holes at the Iris Zone. This takes the total number of holes reporting gold to 14 and extends the strike length of the known mineralization from 350m to 500m.
The Iris Zone sits about 150m below the shallow mineralization at Boyd’s Dam, within a near-vertical shear zone striking almost north south and containing abundant quartz, often laminated with arsenopyrite and native gold.
“The Iris Zone is proving to be a very strong structure with quartz veining up to 8m thick and often showing visible gold. It now extends over a strike length of about 500m with potential to the north and south,” Technical Director, Bruce Kay, said.
“It is exciting to see so many intersections with values greater than 50g/t Au, indicating that high-grade underground mining should be possible.”
To date, Catalyst has identified a number of high-grade areas of mineralization within close proximity to one another (Boyd’s Dam, Hayanmi, Pickles, Cunneens, Eagle 5, Bullock and Iris Zone). These areas of stacked, repetitive mineralization have the potential to similarly show repetition with depth and enhance future project economics and could eventually all be mined from the one access tunnel.
The Four Eagles Gold Project is situated along the Whitelaw Gold Corridor, 70km north of the historic Bendigo Goldfield and is considered a major structural control of gold mineralization north of Bendigo.
In Victoria, Catalyst manages the entire Whitelaw Gold Belt and has interests in twelve Exploration Licences and two Retention Licences, which extend for 75km along the Whitelaw and Tandarra Faults north of Bendigo and in other areas north of the Fosterville and Inglewood goldfields.
The discovery of the Iris Zone has provided a significant, highly sought-after element to the prospectivity of the Whitelaw Gold Belt – the occurrence of a linked, but discrete high-grade mineralized body at depth beneath known mineralization.
For further information please visit: https://catalystmetals.com.au/
