Catalyst Metals (ASX: CYL) has announced gold grades of up to 79.3g/t following recent drilling at the Darwin Deposit within its Henty Gold Mine in Tasmania.
The results were generated from drilling centred on the Northern and Southern target zones at Darwin, and are reported to extend the known mineralisation of the deposit.
Key results from Darwin South include:
- 12.5m @ 15.5g/t Au
- 8.9m @ 24.9g/t Au
- 12.4m @ 9.3g/t Au
- 10m @ 11.9g/t Au
- 8.1m @ 12.2g/t Au
- 5m @ 11.5g/t Au
- 8m @ 7.4g/t
Further results from Darwin North include:
- 1.5m @ 79.3g/t Au
- 9.8m @ 11.1g/t Au
- 9.2m @ 9.9g/t Au
- 6.9m @ 9.4g/t Au
- 14.5m @ 8.0g/t Au
- 15.8m @ 7.4g/t Au
- 3.4m @ 6.3g/t Au
The company reports that these results will feed into a new Mineral Resource Estimate for Darwin, which currently stands at 357,000oz @ 4.5g/t Au.
Addressing the results, Catalyst Metals Technical Director Bruce Kay said: “We continue to generate high-grade results which identify new mineralisation to the south of Darwin. These intercepts indicate Darwin has the potential to continue at depth and therefore support our strategy to grow the mine life and production rate.”
“These intercepts indicate Darwin has the potential to continue at depth and therefore support our strategy to grow the mine life and production rate”
Catalyst also notes that it aims to utilise these positive results in order to grow inventory and production rates, whilst reducing costs. Henty now has 5 drill rigs operating as part of a $7M FY22 exploration program.
In addition, this exploration success has the potential to enable Catalyst to leverage the existing production infrastructure and reduce unit costs.
The Henty Gold Mine is located approximately 23km from the township of Queenstown in northwest Tasmania, with Catalyst owning 100% of all project tenements.
The project provides access to 25km of strike along the Henty Fault, which has undergone minimal regional exploration over the last decade.
Images: Catalyst Metals Ltd