Join our daily newsletter At The Bell to receive exclusive market insights
Catalina Resources (ASX:CTN) is preparing to refine its Evanston gold project’s mineralisation model, with new Phase 1 RC drilling results now coming in imminently from the Viper prospect in Western Australia.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The first-phase RC program was the initial focus of Catalina’s broader Central Yilgarn drilling campaign, with the program designed to follow up and test the continuity of previously reported anomalous gold mineralisation intersected in historic drilling. Drilling at Viper North targeted a large, coherent soil anomaly that had remained largely untested by previous drilling.
Historical shallow AC drilling indicated shallow bedrock, while deeper intercepts in adjacent southern drill holes suggested there’d be mineralisation at depth.
Catalina’s executive director, Ross Cotton, said drilling at Viper South tested historical shallow AC and deeper rotary air blast (RAB) drilling, with several historical holes terminating in anomalous gold.
He said this supported the interpretation of potential mineralisation at depth and provided the basis for follow-up RC drilling. Assay results have been partially received, with remaining results pending.
“The Viper drilling represents another encouraging step in the advancement of the Evanston project,” Mr Cotton explained to shareholders today.
“The intersections and geological observations continue to align with our exploration model and highlight the broader potential of the system we are testing.”
He continued: ‘Importantly, these results are being integrated into ongoing targeting as phase 1 drilling progresses, with further assays pending across multiple prospects. Catalina considers Evanston to be developing into a highly compelling component of the Central Yilgarn project.”
Phase One drilling, which comes to approximately 10,000m of combined AC and RC drilling, is continuing across the Evanston and Yerilgee projects, with multiple target zones tested as part of the current campaign.
“Catalina considers the Viper results to represent one component of a broader, active exploration program, with further updates expected as the phase 1 campaign continues,” Mr Cotton said.
CTN is up +1.19%, to 8.5c.
Join the discussion: See what HotCopper users are saying about Catalina Resources Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
-1200x645-380x200.jpg)
