Catalyst Metals (ASX:CYL) has reported further ‘high grade’ gold results from its latest round of underground drilling updates at the Henty Gold Mine in Tasmania.
The company reports that diamond drilling at the project is targeting three separate areas at the top of the ore body, namely Zone 96, Intermediate Zone and Sill Zone, with a majority of the 153 holes drilled encountering gold mineralisation.
Highlight intercepts include:
- Zone 96 Hole Z22194: 2.20m @ 125.8g/t Au including 1.0m @ 260g/t Au
- Zone 96 Hole Z22229: 1.40m @ 47.0g/t Au including 0.7m @ 89.4g/t Au
- Zone 96 Hole Z22335: 1.75m @ 45.8g/t Au
- Zone 96 Hole Z22331: 7.5m @ 11.1g/t Au including 0.6m @ 70.3g/t Au
- Intermediate Zone Hole Z22221: 2.8m @ 33.2g/t Au including 0.85m @ 104.0g/t Au
- Intermediate Zone Hole Z22225: 2.4m @ 22.2g/t Au
Speaking on the results, Catalyst Metals Technical Director Bruce Kay said: “The underground drilling program is showing continuing success in the shallower areas of the mine and is likely to further enhance the Resources on the Zone 96 ore zone.”
Importantly, gold mineralisation is being encountered outside of the current mineral resource estimate, and also in parallel structures which are yet to be tested. Mineralisation from these structures may fall into the 5-10g/t Au, based on available drilling data.
Catalyst notes that this mineralisation is thought to be accessible for mining, and is likely to increase the Zone 96 mineral resource which currently stands at 84,500 ounces @ 6.9g/t Au, along with creating and a higher grade gold production profile.
Images: Catalyst Metals Limited
