Updated Acquistion of Yerilgee & Evanston
Released
Released
Announcement PDF
ASX RELEASE.
Amendment to ASX Announcement
ASX Announcement
12 December 2024
Catalina Resources is an
Australian diversified
mineral exploration and
mine development
company.
Catalina Resources Ltd (“Catalina” or “the Company”) advises it has updated
the announcement released on 11 December 2024 titled "Acquisition of
Central Yilgarn Greenstone Belts – Yerilgee and Evanston".
Directors
Figures 2, 3 and 5 have been updated.
Executive Chairman and
Company Secretary
Sanjay Loyalka
The References section on Page 10 has been updated.
Director
Richard Beazley
Appendix 1 has been updated with updated Figures C, D, J, N & Q.
Director
Michael Busbridge
Director
Martin Bennett
ASX Code
CTN
Appendix 2 has been updated to include additional information in Table 3.
Further Table 4 & 5 have been added
Appendix 3, JORC Table 1 Section 1 and 2 has been updated to add information
for geophysical surveys, soil samples & rock chip samples regarding the
exploration information in this regard in the announcement.
CONTACT DETAILS
Unit 38
18 Stirling Highway
NEDLANDS WA 6009
T +61 8 61181672
E info@catalinaresources.com.au
The release of this document to the market has been authorised by the Board
of Catalina Resources Ltd
ABOUT CATALINA RESOURCES LTD
Catalina Resources Ltd is an Australian diversified mineral exploration and mine
development company whose vision is to create shareholder value through the
successful exploration of prospective gold, base metals, lithium and iron ore
projects and the development of these projects into production.
Catalina Resources Ltd
ACN: 130 618 683
W: www.catalinaresources.com.au
ASX RELEASE
Acquisition of Central Yilgarn
Greenstone Belts – Yerilgee and
Evanston
ASX Announcement
12 December 2024
Catalina Resources is
an Australian diversified
mineral exploration and
mine development
company.
Directors
Executive Chairman
and
Company Secretary
Sanjay Loyalka
Highlights
•
Projects in the Yerilgee and Evanston greenstone belts
acquired from wholly owned subsidiary of Dreadnought
Resources Limited.
•
These
greenstone
belts
are
located
within
an
Director
Richard Beazley
underexplored region of the world-renowned Yilgarn
Director
Michael Busbridge
greenstones belts with proven mineralisation potential for
Director
Martin Bennett
sulphides.
ASX Code
Craton and presents a rare exploration play over multiple
gold, iron ore, lithium, nickel and Cu-Zn-Ag massive
•
Over 650 km2 of highly prospective ground.
•
Five camp scale prospects with promising lithostructural
settings and proven gold mineralisation.
CTN
•
Walk up targets defined - Shallow high-grade gold and
CONTACT DETAILS
silver intercepts with limited follow up work, open along
Unit 38
18 Stirling Highway
NEDLANDS WA 6009
strike and at depth.
T +61 8 61181672
E info@catalinaresources.com.au
•
Immediate exploration planning commenced to initiate onground activity in Q1 2025.
Catalina Resources Ltd (ASX: CTN) (“Catalina” or the “Company”) is
pleased to announce the acquisition of Yerilgee and Evanston
greenstone belts acquired from wholly owned subsidiary of
Dreadnought Resources Limited (DRE), Dreadnought Exploration Pty
Ltd (“Dreadnought”). These Projects (Figure 1) are located within an
underexplored region of the world-renowned Yilgarn Craton,
approximately 190 km from Kalgoorlie. The project area covers an
area of over 650 km2, and over approximately 65 km of strike, along
the Yerilgee and Evanston greenstone belts.
Catalina’s Executive Chairman, Sanjay Loyalka said “acquiring a
project of this scale and quality is exciting and potentially
transformational for Catalina. The Yerilgee and Evanston Greenstone
Catalina Resources Limited
ACN: 130 618 683
W: www.catalinaresources.com.au
ASX RELEASE.
Page 2
Belts offer substantial opportunities for mineral exploration. We think these areas are under explored as
DRE have been focused on their Mangaroon (Ni-Cu-PGE REE Au) project while the previous owners of
the Yerilgee and Evanston focused on the iron ore potential. With several high-grade gold targets
identified and minimal follow-up to date, the exploration potential is significant, and we have already
commenced a technical review to ensure a commencement to exploration as early as possible in 2025”.
Figure 1: Map showing regional setting of Yerilgee and Evanston Central Yilgarn Greenstone belt
projects
ASX RELEASE.
Page 3
Overview of the Yerilgee Greenstone Belt:
The Yerilgee Greenstone Belt is a segment of the 2.9 Ga Western Yilgarn greenstone succession,
characterized by a diverse geological composition of rock types. The belt comprises high-magnesium
basalts, ultramafic volcanic rocks, sedimentary rocks, and granites, including iron formations. Numerous
structural dislocations readily seen in the aeromagnetic images, enhance the prospectivity for gold
mineralisation. This geological diversity and the presence of significant structure makes the project a
prospective area for various mineral deposits especially gold deposits.
Figure 2: Regional geological interpretation and prospect summary of the Yerilgee Greenstone Belt.
ASX RELEASE.
Page 4
Gold Mineralisation
The Yerilgee Greenstone Belt currently hosts three primary camp-scale gold targets: T6, T8, and T11,
illustrated in Figure 2 & 3. These exciting targets have shown proven mineralisation with several highgrade intercepts not followed up. Abundant gold in soil anomalies remain to be drilled or require
additional drilling.
Figure 3: Summary of significant gold intersections within the Yerilgee Project.
ASX RELEASE.
Page 5
• T6 Gold Camp. Defined by anomalous gold and pathfinder soil geochemistry over an area of 5,000m
x 3,000m. Drilling has intersected high-grade gold, with notable results including:
o
17m @ 4.1 g/t Au and 28 g/t Ag from 53m, including 4m @ 14.9 g/t Au and 72.2 g/t Ag.
o
16m @ 1.9 g/t Au from 0m, including 4m @ 8.5 g/t Au.
o
9m @ 2.6 g/t Au from 23m, including 3m @ 7.1 g/t Au.
Key prospects within T6 include Chicken Little, Snowflake, and Megatron and are illustrated
in Figure 4.
• T8 Gold Camp: Defined by gold and pathfinder soil anomalism over 1,700m x 600m in area. Initial
drilling intersected:
o
17m @ 0.7 g/t Au from 22m, including 8m @ 1.2 g/t Au from 27m.
o
10m @ 0.8 g/t Au from 0m, including 1m @ 6 g/t Au from 11m.
• T11 Gold Camp: This 20 km long gold in soil anomaly contains rock chip samples with up to
233 g/t Au (Figure 2). Independent geophysical reports have highlighted several high priority
aeromagnetic targets associated with a structural thickening of the greenstone sequence
within T11. This area has seen minimal follow-up work and is grossly underexplored.
Nickel Mineralisation The Yerilgee Greenstone Belt shares geological similarities with the Forrestania
and Lake Johnston Greenstone Belts. Historical exploration has identified nickel sulphides within thick
cumulate ultramafics and laterite nickel-cobalt mineralisation. Recent EM surveys have defined multiple
conductors, highlighting significant targets such as N5 and N14 illustrated in Figure 2.
Lithium Pegmatite Potential Exploration has identified multiple pegmatite swarms with anomalous
surface geochemistry, indicating substantial lithium potential. These areas of the belt have not been
historically assessed, presenting new exploration opportunities.
Iron Ore and Magnetite Historical exploration for iron ore in the Yerilgee Greenstone Belt has identified
high-grade magnetite mineralisation. The belt includes several compelling walk-up Fe-BIF targets that
remain untested since 2016 due to previously depressed iron ore prices. The project lies south of
Macarthur Minerals' Lake Giles project, which hosts over 1.3 billion tonnes of inferred magnetite
resources 8.
ASX RELEASE.
Page 6
Figure 4: Exploration summary of the T6 camp showing defined gold in soil anomalies and significant drill
intersections. Abundant soil geochemical anomalies remain to be drill tested.
Overview of the Evanston Greenstone Belt:
Similar to Yerilgee, the Evanston Greenstone Belt is part of the 2.9 Ga Western Yilgarn greenstone
succession. It consists of high-magnesium basalts, ultramafic volcanic rocks, sedimentary rocks, and
ASX RELEASE.
Page 7
granites, and iron formations. Numerous structural dislocations readily seen in the aeromagnetic
images, enhance the prospectivity for gold mineralisation. This geological diversity and the presence of
significant structure renders the project a prospective area for various mineral deposits, but especially
gold.
Gold Mineralisation
The Evanston Greenstone Belt currently contains two main camp-scale gold targets: T1 and T2, with
proven mineralisation and significant high-grade intercepts that have yet to be followed up (Figure 5).
•
T1 Gold Camp: Characterized by high-magnesium basalts, ultramafic rocks, and banded iron
formations. Significant gold-in-soil anomalies and historical gold workings are situated along the main
banded iron formation horizon. Key findings include:
o
Viper: 15m @ 1.5 g/t Au from 12m, including 3m @ 6.7 g/t Au. Limited follow-up has been
conducted to date.
•
T2 Gold Camp: Dominated by a large regional north-plunging syncline, this camp includes significant
gold-in-soil anomalies and historical gold workings along major structural trends. Notable intercepts
include:
o
Leghorn: 48m @ 0.6 g/t Au from 27m, including 21m @ 1.3 g/t Au.
o
Erk: A 3km-long north-trending gold-in-soil anomaly with numerous nugget patches.
Lithium Pegmatite Potential
The Evanston Greenstone Belt contains multiple pegmatite swarms with anomalous surface pathfinder
geochemistry (Lithium, Caesium, Tantalum), suggesting a promising lithium potential similiar to
Yerilgee.
Please refer to Appendix 1 for further overview of the Yerilgee & Evanston Greenstone Belt Projects
ASX RELEASE.
Page 8
Figure 5: Regional geological interpretation of the Evanston Greenstone Belt. The location of the T1 and
T2 Gold camps and anomalous gold in rock chips is also shown.
ASX RELEASE.
Page 9
Key Commercial Terms:
Catalina has entered into a binding agreement with Dreadnought to acquire eight (8) tenements that are
situated within the Yerilgee and Evanston Greenstone belts in the Central Yilgarn. The transaction is
subject to certain conditions precedent prior to completion and the key terms are shown below.
•
Tenements
E16/0495
E30/0493
E30/0494
E77/2403
E77/2416
E77/2432
E77/2634
E30/0584 (Application)
•
Consideration
(i)
Cash Payment on Agreement $25,000;
(ii)
Cash Payment at Settlement: $225,000; and
(iii)
72,500,000 fully paid ordinary shares in the capital of CTN (Consideration Shares) at
settlement, to be held in escrow for 12 months.
•
Royalty
CTN agrees to grant to DRE at settlement, a royalty of 1% of the net smelter returns (“NSR”)
from E30/0584.
CTN also agrees to assume existing tenement royalties of 1% NSR to Arrow (Strickland) Pty
Ltd from E16/495, E30/493, E30/494, E77/2403, E77/2416, E77/2432 and E77/2634.
•
Post Settlement Payments
With effect on and from Settlement, if an inferred gold resource of greater than 500,000oz
reported in accordance with JORC or an inferred mineral resource (other than gold) of greater
than 500,000oz gold equivalent resource) reported in accordance with JORC is identified by
CTN on any of the Tenements, CTN must, at CTN’s election, pay, or issue script shares in CTN
to DRE to the value of, $1,000,000.
CTN also agrees to assume resource cash consideration payment obligation of DRE to Arrow
(Strickland) Pty Ltd of $1,000,000 if a JORC compliant inferred gold resource of greater than
500,000 oz or a resource of any commodity measured on a > 500,000 oz gold equivalent basis
is identified by DRE on E16/495, E30/493, E30/494, E77/2403, E77/2416, E77/2432 and
E77/2634.
Completion is expected in January 2025
ASX RELEASE.
Page 10
Competent Person Statement
The review of historical exploration activities and results contained in this report is based on information
compiled by Martin Bennett, a Member of the Australian Institute of Geoscientists (AIG). He is a Director
of Catalina Resources Ltd. He has sufficient experience which is relevant to the style of mineralisation
and types of deposits under consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves (the JORC Code).
Martin Bennett has consented to the inclusion in the report of the matters based on his information in
the form and context in which it appears.
The Company confirms that it is not aware of any new information or data that materially affects the
information in the original reports, and that the form and context in which the Competent Person’s
findings are presented have not been materially modified from the original reports.
Where the Company refers to the Mineral Resources in this report (referencing previous releases made
to the ASX), it confirms that it is not aware of any new information or data that materially affects the
information included in that announcement and all material assumptions and technical parameters
underpinning the Mineral Resource estimate with that announcement continue to apply and have not
materially changed.
References:
1 8 February 2024 Seven Camp Scale Gold Prospects at Central Yilgarn (ASX: DRE)
2 4 March 2024 Drilling of 4 Compelling Gold Targets Commenced (ASX: DRE)
3 29 April 2024 Drilling of 4 Compelling Gold Targets Completed (ASX: DRE)
4 23 May 2024 Shallow, High-Grade Gold and Silver at Chicken Little (ASX: DRE)
5 28 June 2024 Mt Ida Gold MRE Update (ASX: DLI)
6 3 Oct 2023 Mt Ida Lithium Mineral Resource Estimate Update (ASX: DLI)
7 10 Sept 2019 Resources & Reserves Statement 2019 (ASX: RMS)
8 2 July 2024 Annual Mineral Resource and Ore Reserve Statement (ASX: OBM)
ABOUT CATALINA RESOURCES LIMITED
Catalina Resources Limited is an Australian diversified mineral exploration and mine development
company whose vision is to create shareholder value through the successful exploration of prospective
gold, base metal, lithium and iron ore projects and the development of these projects into production.
The release of this document to the market has been authorised by the Board of Catalina Resources
Ltd.
Appendix 1
Evanston-Yerilgee: Multi commodity Potential
Tier 1 mining jurisdiction
• Western Australia
Highly endowed geological province, with key
landholdings in two greenstone belts
• Yerilgee
• Evanston
Well-developed infrastructure
Significantly Underexplored
Proven multi-commodity mineralisation
• Gold
• Iron Ore
• Li-Cs-Ta Pegmatites
• Ni Komatiites
Figure A
Active and Successful Neighbourhood
Delta Lithium (DLI)
• Ida Lithium and Gold deposits
• 14.6 Mt @ 1.2% Li2O
• 752koz @ 3.5 g/t Au
Ramelius (RMS)
• Marda (300koz @ 2.0g/t Au Resource)
Ora Banda (OBM)
• Davyhurst and Riverina-Mulline Gold Project
• 1950koz @ 2.5g/t Au
Wesfarmers
• Ora Banda Lithium Joint Venture
Figure B
Yerilgee Greenstone Belt
Yerilgee Greenstone Belt
Geology Overview
The Yerilgee belt is part of the 2.9 Ga Western Yilgarn greenstone
succession and is comprised of a sequence of high-magnesium basalts,
ultramafic volcanic rocks, sedimentary rocks and granites including iron
formations.
Gold Mineralisation
• 3 Camp scale gold targets with proven mineralisation at T6, T8 and T11
• Walk up targets defined, and high grade intercepts not followed up
Nickel Mineralisation
• Similar geology to the Forrestania and Lake Johnston Greenstone Belts
with historical nickel sulphide and laterite mineralisation observed
• Walk up drill targets defined with untested EM anomalies
Lithium Pegmatite Potential
• Multiple pegmatite swarms with anomalous surface geochemistry
identified.
Iron Ore and Magnetite
• Historical exploration for iron ore has identified high grade and
magnetite mineralisation.
• Recent deal with MacArthur and Gold Valley Yilgarn highlights interest in
the region
Figure C
Yerilgee Gold Overview
T6 Gold Camp
• Defined by gold and pathfinder anomalism over an area of 5,000m x
3,000m
• High grade gold intersected in drilling at:
• Chicken Little 17m @ 4.1 g/t Au and 28 g/t Ag from 53m incl.
4m @ 14.9 g/t Au and 72.2 g/t Ag
• Snowflake
16m @ 1.9 g/t Au from 0m incl.
4m @ 8.5 g/t Au
• Megatron
9m @ 2.6 g/t Au from 23m incl.
3m @ 7.1 g/t Au
T8 Gold Camp
• Defined by gold and pathfinder anomalism over an area of 1,700m x
600m
• Gold intersected in first pass drilling:
• 17m @ 0.7 g/t Au from 22m incl 8m @ 1.2 g/t Au from 27m
• 10m @ 0.8 g/t Au from 0m incl 1m @ 6 g/t Au from 11m
T11 Gold Camp
• Defined by extensive gold and pathfinder anomalism over an area of
20,000m x 2,000m
• Outcropping rock chips samples up to 233 g/t Au – No drilling to date
• Extensive area with minimal follow up work or drill testing.
T7,T9,T14 Gold Camps
• Lower priority gold camps that have received limited follow up work
Figure D
T6 Gold Camp
Geology
Anticlinal dome of high magnesium basalts and ultramafic rocks overlain
by banded iron formation, with minor sediments which have been intruded by
lamprophyres and felsic to intermediate intrusions. Post-intrusion shearing along
some of the intrusive contacts which correspond with significant gold-in-soil
anomalies.
Work Done
Fertile camp identified in 2016 by Arrow Minerals, who had conducted 1x1km
Bulk Leach Extractable Gold (BLEG) sampling. Since then, area has received 4970
Soils and 598 AC holes to define the targets. Only12 RC holes have been drilled
and significant intercepts remain open and have not yet been followed up.
Top Targets
• High grade gold intersected in drilling at:
• Chicken Little 17m @ 4.1 g/t Au and 28. g/t Ag from 53m incl.
4m @ 14.9 g/t Au and 72.2 g/t Ag
• Snowflake
16m @ 1.9 g/t Au from 0m incl.
4m @ 8.5 g/t Au
• Megatron
9m @ 2.6 g/t Au from 23m incl.
3m @ 7.1g/t Au
Figure E
T6 Gold Camp – Chicken Little
Geology
BIF hosted mineralisation associated with an intrusive felsic
porphyry. Gold mineralisation is associated with significant silver
and base metals. Initial drilling guided by a significant nugget
patch that was discovered during earthworks.
Work Done
First pass aircore and two rounds of RC drilling has intersected
variable mineralisation that could be due to plunging shoots or
structural controls in an orientation oblique to drilling.
Figure F
T6 Gold Camp – Megatron
Geology
Megatron identified by intense ~600m x 400m gold in soil
anomaly associated with major cross cutting structures and
multiple phases of felsic and mafic intrusions. Gold mineralisation
appears associated with a strong carbonate and sulphide altered
felsic porphyry.
Work Done
5 aircore lines (400m first-pass spacing with 100m infill)
Figure G
T6 Gold Camp – Snowflake
Geology
Snowflake was identified by a ~800m x 200m gold and bismuth in
soil anomaly associated with secondary N-S trending structure,
significant quartz blow and felsic intrusions. High grade gold
mineralisation was hosted within a near surface 1-2m quartz vein
hosted within an altered felsic porphyry. The orientation of the
quartz vein is unknown and may be oblique to section.
Work Done
First pass aircore drilling intersected significant mineralisation. No
follow up drilling undertaken.
Figure H
T8 Gold Camp
Geology
•
•
The T8 prospect was defined by a 1.7km x 600m gold-in-soil anomaly associated
with As-Sb-Bi-Mo-W pathfinders, adjacent to a regional scale NNE trending structure
and intense localised magnetic anomaly.
Drilling identified an anticlinal closure of a banded iron formation (BIF) which had
been replaced by pyrite, arsenopyrite and quartz in three holes, and had been
intruded by a felsic porphyry along a major regional lineament
Work Done
Soil sampling, 13-hole RC program, and aircore program that extended and
refined the bedrock gold anomaly. Target has not since been followed up
Figure I : T8 Prospect showing significant gold intersection, drill
collars, soil anomaly and regional magnetics
Yerilgee –T11 Corridor
Geology
T11 is a ~20km long lithostructural corridor with gold in soil
anomalism. Situated over a major regional structure with offsets within
the center of the greenstone belt. Project wide gravity survey identified
a significant blind intrusion at depth as a potential fluid and metal driver.
Reviews by Jon Hronsky and Greg Hall both identified T11 as their
favourite area.
Work Done
Very limited first pass work completed and only a handful of aircore
holes. Recent work by Dreadnought has confirmed that UFF soils are
more effective over the variable cover throughout the camp scale area.
For target definition, 11,494 soils and 69 AC holes have been
conducted. Only 2 RC holes drilled. No drilling since 2018 has been
undertaken, and new prospective areas have been identified from soil
geochemistry
Significant Drill Intercepts
STKAC0100 – 6m @ 1.1 g/t incl 3m @ 1.8 g/t from 11m
Figure J
Komatiite Nickel
The Yerilgee Greesntone Belt shares geological similarities to the
Forrestania and Lake Johnston Greenstone Belts. Limited historical
exploration has oberved the presence of nickel sulphides within thick
cumulate ultramafics as well as laterite nickel-cobalt mineralisation.
In 2023, Dreadnought engaged Newexco to conduct a nickel review
with promising results
Nelson Cu-Pb-Zn 2022
EM Surveys have defined multiple anomalies with first-pass work
conducted by major nickel explorers
• Western Areas Flew VTEM in 2015
• Arrow Minerals flew SkyTEM in 2020
• Dreadnought Resources undertook a comprehensive review and follow
up MLEM surveys, defining multiple targets around a central thickened
komatiite unit
N5 and N14 have stood out as prioirty walk up drill targets as a result
of this review and follow up target definition work which included
groudn EM and surface geochemistry.
Exploration is still limited in coverage and there remains significant
potential to define additional targets through systematic explroation.
Figure K
Komatiite Nickel – N5 and N14
Nelson Cu-Pb-Zn 2022
N14
• Anomaly located at southwest end of linear magnetic
feature, present across three lines of AEM
• Discrete well-defined anomaly over three AEM lines
• 600 x 100m, 4000 S plate
• Drill ready target
N5
• Well constrained late time conductor across two lines
• 370 x 150m, 1500S south-west dipping plate
• Drill ready target
Lithium Pegmatites
Four Camp Scale Lithium targets defined
through multivariate analysis (Li-Cs-Ta-Be-Nb)
on soil geochemistry
• Historical explorers have never assessed the lithium
potential of the Yerilgee greenstone belt
Nelson Cu-Pb-Zn 2022
• Located just 45km away, Delta Lithium’s Mt Ida Lithium
project commenced after revisiting historical drill cores that
were originally focused on gold exploration.
• Since this recognition of Li-bearing pegmatites in
historical drill core, a 12.7Mt @ 1.2% Li2O resource
was defined
➢ Next Steps
• Rock chip sample walk-up target areas
Figure L
Iron Ore
Walk-up targets defined by historical explorers remain
undrilled
• Historical iron ore exploration was conducted by Meteoric
Resources and Macarthur Minerals (formerly Internickel
Australia), and undertook geological mapping, rock chip
sampling, geophysics and RC drilling programsNelson Cu-Pb-Zn 2022
• Several compelling walk-up Fe-BIF targets remain to be tested
after the ground was relinquished in 2016 due to depressed
iron ore prices
• 20km trend of rock chipped BIF containing >58% Fe has not
been explored since 2016.
Magnetite iron ore potential
• Project lies immediately south of Macarthur Minerals’ Lake
Giles project, which hosts over 1.3 billion tonnes of inferred
magnetite resources
Figure M
Evanston Greenstone Belt
Evanston Greenstone Belt
Geology Overview
The Evanston belt is part of the 2.9 Ga Western Yilgarn
greenstone succession and is comprised of a sequence
of high-magnesium basalts, ultramafic volcanic rocks,
sedimentary rocks and granites including iron
formations.
Gold Mineralisation
• 2 Camp scale gold targets with proven mineralisation
at T1 and T2
• Walk up targets defined, and high-grade intercepts
not followed up
Lithium Pegmatite Potential
• Multiple pegmatite swarms with anomalous surface
geochemistry identified.
Figure N
T1 Gold Camp
Geology
Sequence of high magnesium basalts, ultramafic rocks and banded iron
formation, with minor sediments situated along the regional scale Evanston
Shear Zone which has been intruded by felsic to intermediate intrusions.
Significant gold-in-soil anomalies and historical gold working situated along the
main banded iron formation horizon and immediately surrounding rocks.
Work Done
Fertile camp identified in 2016 by Arrow Minerals, who had conducted 1x1km
Bulk Leach Extractable Gold (BLEG) sampling. Since then, area has received
detailed soils (not UFF) and 559 AC holes (which were largely ineffective due
to very shallow depth of weathering) to define the targets. Only 3 RC holes
have been drilled and significant intercepts remain open and have not yet been
followed up.
Top Targets
• High grade gold intersected in drilling at:
• Viper
15m @ 1.5g/t Au from 12m including
3m @ 6.7g/t Au from 12m
• Almost no bed rock drilling of extensive gold and pathfinder anomalies
located immediate along strike of the Evanston Gold Mine.
Figure O
Viper Gold Prospect
Walk up drill target
• ~1,500m x 800m Au-As-Sb anomaly
• Previous intercept: BARAC0136: 15m @ 1.5g/t Au
from 12m including
3m @ 6.7g/t Au from 12m
• Limited follow up drilling to test IP and DHEM
anomalies.
• Walk up folded de-magnetised BIF targets.
Figure P
T2 Gold Camp
Geology
Sequence of medium to high grade metamorphosed calc-silicate rocks
overlain by ultramafic rock, tholeiitic basalt, banded iron formation and pelitic
schist. T2 is dominated by a large regional north plunging syncline and
contains minor felsic intrusions and pegmatites. Significant gold-in-soil
anomalies and historical gold working situated along major structural trends
and intersections.
Work Done
Fertile camp identified in 2016 by Arrow Minerals, who had conducted
1x1km Bulk Leach Extractable Gold (BLEG) sampling. Since then, area has
received detailed soils (not UFF) and 346 AC holes to define the targets.
Only 28 RC holes have been drilled and significant intercepts remain open
and have not yet been followed up.
Top Targets
• Leghorn: 48m @ 0.6g/t Au from 27m, including 21m @ 1.3g/t Au
•
•
Erk: 3km-long N-trending gold-in-soil anomaly (with numerous nugget
patches) over a sheared granite and calc-silicate package
Honey: Shallow working that hosts free gold within altered ultramafic
rocks
Figure Q
Honey and Erk
Honey
• Shallow working that hosts free gold within altered
ultramafic rocks (right), no obvious sulphide
alteration or veining
• Analogous to Wattle Dam
Erk
• 3km-long N-trending gold-in-soil anomaly overlying
a sheared granite and calc-silicate package
• Drilled as first-pass 200m AC program with all lines
intersecting gold mineralisation
• Remains open to the west, north and south
• Contains numerous nugget patches, with more
found every year .
Figure R
ASX RELEASE
Appendix 2
Table 1: Significant Dreadnought Results >0.2g/t Au, 0.2% Ni with >1g/t Au highlighted.
From
To
Interval
Sample
Au
Ag
Ni
Hole ID
Prospect
(m)
(m)
(m)
Type
(g/t) (g/t) (%)
CYRC001
4
6
2
1m split
0.2
CYRC002
5
6
1
1m split
0.2
Honey
CYRC005
0
1
1
1m split
0.2
CYRC007
81
83
2
1m split
0.3
and
151
152
1
1m split
0.3
and
155
157
2
1m split
0.3
Leghorn
CYRC008
0.4
75
84
9
1m split
and
0.2
102
123
21
1m split
CYRC009
33
34
1
1m split
0.2
and
1m split
36
44
9
0.3
and
1m split
47
49
2
0.2
and
1m split
58
60
2
0.6
and
1m split
Viper
156
159
3
0.2
CYRC010
1m split
64
68
4
0.2
and
3m comp
78
80
2
0.2
CYRC011
3m comp
39
42
3
0.2
and
3m comp
126
135
9
0.4
CYRC012
1m split
53
70
17
4.1
28.0
incl
1m split
54
58
4
14.9 72.2
and
1m split
Chicken Little
79
80
2
0.5
CYRC013
1m split
82
88
7
0.2
56.1
and
1m split
98
99
1
0.5
-
Hole ID
CYRC001
CYRC002
CYRC003
CYRC004
CYRC005
CYRC006
CYRC007
CYRC008
CYRC009
CYRC010
CYRC011
CYRC012
CYRC013
Easting
763385
763386
763385
763386
763383
763385
762392
762554
748565
748533
748605
786469
786445
Table 2: Drill Collar Data (GDA94 MGAz50)
Type
Northing RL
Dip
Azimuth EOH
6721893 420
-45
272
66
RC
6721894 423
-60
269
60
RC
6721897 424
-45
299
42
RC
6721896 424
-60
300
42
RC
6721890 421
-45
255
42
RC
6721890 420
-60
256
42
RC
6722399 441
-60
270
198
RC
6722383 439
-75
270
216
RC
6713859 427
-60
129
216
RC
6713894 428
-60
127
204
RC
6713994 430
-70
135
192
RC
6688997 466
-60
99
120
RC
6688997 467
-60
89
150
RC
Catalina Resources Limited
ACN: 130 618 683
Prospect
Honey
Leghorn
Viper
Chicken Little
W: www.catalinaresources.com.au
ASX RELEASE.
Table 3: Collar Details and Significant Intersections from previously disclosed drilling reported in this announcement.
(MGA94 Zone 50 and Zone 51)
Table 3.
Hole ID
BARAC0136
incl
BARAC0153
incl
BARAC0477
incl
BARAC0945
incl
STKAC0118
incl
STKAC0147
incl
STKAC0154
incl
Collar Details and Significant Intersections from previously disclosed drilling reported in this
announcement. (MGA94 Zone 50 and Zone 51)
Easting
Northing
Dip
Azi
RL
EOH
748657
6713758
-90
431.455
431.5
29m
From
(m)
12
12
10
11
0
12
0
27
0
0
14
20
23
26
To
(m)
27
15
12
12
24
21
33
30
16
4
26
23
32
29
Interval
(m)
15
3
2
1
24
9
33
3
16
4
11
3
9
3
Au
(g/t)
1.5
6.7
0.95
1.44
1.6
3.3
0.3
0.9
1.9
8.5
0.34
1.2
2.6
7.1
20
23
3
2.3
25
25
22
27
54
31
28
23
75
75
6
3
1
48
21
0.65
1.1
1
0.7
1.3
748721
6714109
-90
0
432.9
17m
786507
6689003
-90
0
460.8
56m
748530
6713621
-60
270
433.5
45m
787740
6688500
-60
270
452.3
42m
787820
6687400
-60
90
462.4
52m
787800
6687300
-60
270
462.7
51m
7879230
6689300
-60
270
431.5
60m
786480
6688700
-60
90
459.5
64m
788760
6687000
-60
90
455.9
55m
762339
6722397
-60
270
443.3
120m
BARRC025
786500
6689000
-60
90
460.9
96m
6
51
45
0.4
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