Catalina Resources (ASX:CTN) reviews historical results across expanded Mid West gold portfolio
Catalina Resources has completed a review of historical exploration datasets across its recently acquired Mid West project portfolio, which comprises the Pithara, Kirkalocka, Tallering and Warriedar projects.
The review follows the acquisition of the portfolio and the completion of a $3.0m capital raising. Catalina is progressing target generation, field activities and planning for future exploration programs.
Highlights
- Historical review completed across the recently acquired Mid West portfolio.
- Acquisition increased Catalina’s Western Australian gold footprint, adding to its existing gold projects at Evanston, Yerilgee, Peak Hill, Deflector North, Big Bell and Boodanoo.
- Portfolio growth supported by a $3.0m capital raising.
- Historical drilling at Pithara returned results including 5m @ 2.70g/t Au from 29m, including 1m @ 8.53g/t Au from 31m, and 7m @ 1.76g/t Au from 89m.
- Historical drilling at Kirkalocka confirmed multiple gold mineralised zones, including 28m @ 1.09g/t Au from 57m and 21m @ 1.04g/t Au from 127m.
- Historical exploration at Tallering identified gold, silver and copper mineralisation, including 1m @ 90.3g/t Ag, 2.03% Cu and 0.89g/t Au.
- Historical drilling at Peak Hill returned intersections including 10m @ 1.43g/t Au from 65m, including 5m @ 2.70g/t Au.
- Historical aircore drilling at Deflector North intersected 10m @ 3.21g/t Au from surface.
- Field activities have commenced and priority targets are being advanced toward drilling.
The review incorporated historical drilling, geochemical, geological and geophysical datasets across the portfolio, with Catalina stating that the work confirmed multiple occurrences of historical gold mineralisation across several project areas.
The company stated the review is supporting target generation and prioritisation activities as exploration planning progresses.
The Pithara Project is located within the Dalwallinu Greenstone Belt and includes the historical Pithara Gold Mine together with additional tenure near Bolgart, where historical exploration identified gold mineralisation and multiple mineralised trends.
Catalina reported that historical discovery drilling intersected gold mineralisation associated with a silica, biotite and pyrite alteration system beneath transported cover, while historical mining at the Pithara pit reportedly produced approximately 9,000oz at 15.4g/t Au from a shallow open pit.
At Kirkalocka, the project is located within the southern Wydgee Meekatharra Greenstone Belt and sits adjacent to the Kirkalocka Gold Mine, which hosts a reported Mineral Resource of approximately 240,000oz Au, and near the 2Mtpa Kirkalocka Gold Processing Plant.
Historical drilling identified multiple gold mineralised zones associated with interpreted structural corridors and greenstone belt geology.
The Tallering Project covers approximately 236km² and 30km of strike along the Tallering Greenstone Belt, where historical exploration identified multiple electromagnetic and induced polarisation anomalies, including coincident responses associated with gold, silver and copper mineralisation confirmed by drilling.
Historical rock chip sampling returned gold values of up to 100.6g/t Au together with silver, copper and tungsten results.
The review also covered the Peak Hill and Deflector North projects, with historical drilling at Peak Hill identifying several gold mineralised intersections across the prospect area.
At Deflector North, historical exploration included geological assessment, geophysical interpretation, surface sampling and limited aircore drilling, with historical drilling identifying anomalous gold mineralisation including broad near surface mineralised intervals.
Catalina Executive Director Ross Cotton commented on the outcome of the review:
“The review confirmed numerous significant gold intersections across multiple project areas. We are now advancing toward our maiden drilling programs across the Mid West portfolio, with priority targets identified through the comprehensive review of historical exploration data.”
Catalina stated that field activities are underway, including site visits to ground truth historical data and support future exploration planning.
Heritage assessments and land access activities are also progressing, while the company anticipates completing target prioritisation, field reconnaissance and drill planning within the coming weeks.
Catalina said it will continue to update shareholders as exploration activities progress.