Catalyst Metals (ASX: CYL) has continued its exploration success at the Henty Gold Mine in Tasmania, reporting further ‘high-grade’ gold intersections for Q4 2021.
Standout results for the quarter included:
- Hole Z22295: 10.1m @ 12.8 g/t Au
- Hole Z22313: 4.7m @ 19.2g/t Au; and 10.4m @ 14.8g/t Au
- Hole Z22408A: 7.1m @ 13.0g/t Au
- Hole Z22392: 1.95m @ 40.8g/t Au
The company said that drilling confirmed that mineralisation in new areas has potential to extend the current resource near current underground workings.
Speaking on the results, Catalyst Metals Technical Director Bruce Kay said: “The three new development drives have enabled underground drill access to an untested area (Collar Zone) south and down plunge of the Intermediate Zone for the first time ever and this is already generating economic intersections. Surface drilling will also target this area in the current quarter.”
“our exponential knowledge growth is increasing confidence that new mineralised zones identified will become the next new mining frontiers’
CEO John McKinstry added: “The results from the quarter continue to demonstrate that Henty Mine has plenty more to give. Catalyst has owned Henty for one year, and our exponential knowledge growth is increasing confidence that new mineralised zones identified will become the next new mining frontiers.”
Diamond drilling was carried out in the upper part of the mine at Zone 96, Intermediate Zone, and Zone 15 as well as in the Darwin Zones at the mine’s southern end.
Overall, 117 holes were drilled of which 42 intercepts reported results greater than 20g/t Au metres. Grades exceeding 50 g/t Au metres were recorded in eleven holes, while 31 intervals reported greater than 20 g/t.
Catalyst noted that many of the intersections fell outside of the limits of the 2021 resource model, and have the potential to contribute to an increase in resources and reserves as well as a higher gold grade in future production profiles.
Drilling at the Intermediate and Collar Zones showed ‘high grade’ mineralisation in a new area that can now be drilled from recently-completed development drives. The company said that this area has the potential to extend southward where old surface drill holes have shown gold zones in the 7g/t to 14 g/t Au range.
Longitudinal projection of the Henty Gold Mine displaying resource outlines against the area of drilling from Q4 2021The company reports that its exploration program to increase Henty’s mine life is well underway, with underground diamond drilling progressing with three rigs, and a fourth due to arrive in February. The addition of a fourth underground rig is expected to enable the testing of large areas along the Henty Fault above previously-mined areas.
Further drilling will continue to be focused on the mine corridor adjacent or parallel to the known resource, and will also test specific structural targets beyond the mine environs.
Images: Catalyst Metals Limited
