Catalina Resources (ASX: CTN) Establishes Palisade Gold Project Across 12–14km Corridor

Highlights

• Catalina Resources has confirmed widespread gold mineralisation across Evanston and Yerilgee following Phase 1 drilling.
• The company has defined a 12–14 km structurally controlled gold corridor, establishing the Palisade Gold Project integrating multiple prospects.
• Drilling returned consistent results, with 33 of 69 holes intersecting at least 0.3 g/t gold.
• Key prospects including Snowflake and Chicken Little delivered shallow intersections and extended mineralisation.
• Exploration targets across the project are estimated at 60,000 to 330,000 ounces of gold.

Catalina Resources Limited (ASX:CTN) has received assay results from the recently completed drilling campaign across its Central Yilgarn Projects, confirming widespread gold mineralisation at the Evanston and Yerilgee projects. The findings have supported the establishment of the Palisade Gold Project, a consolidated exploration corridor spanning multiple prospects and extending over a significant strike length.

Drilling Program Confirms Widespread Mineralisation

The Phase 1 drilling campaign covered approximately 8,452 metres across 69 reverse circulation holes. Results show that 33 holes returned gold grades of at least 0.3 g/t, with 70 samples exceeding 0.5 g/t. These outcomes confirm consistent mineralisation across the corridor.

The program also demonstrated a consistent strike rate, with mineralisation intersected in about 48% of the holes.

Formation of the Palisade Gold Project

Based on the combined drilling and historical data, the company has defined a structurally controlled greenstone belt extending approximately 12 to 14 kilometres. On this basis, Palisade Gold Project has been established that integrates key prospects including Chicken Little, Snowflake, T8, and Megatron into a single exploration framework.

Exploration targets across the combined project area are estimated to range between approximately 60,000 and 330,000 ounces of gold, with grades varying from 0.76 g/t to 3.08 g/t. These figures remain conceptual, with further drilling required to determine resource estimates.

Snowflake and Chicken Little Drive Key Results

At Snowflake, recent drilling extended mineralisation along strike and confirmed shallow gold intersections. Notable results include intervals such as-

• 2m @ 1.70 g/t Au from 12m (26YGRC014)
• 1m @ 1.67 g/t Au from 13m (26YGRC015)
• 4m @ 0.69 g/t Au from 39m to end of hole (26YGRC016)

At Chicken Little, internal high-grade zones and broad mineralised intervals have been intersected. A previously reported intersection includes 48 metres at 2.61 g/t from 15 metres, which remains open at depth.

Additional Prospects Show Continuity

At T8, drilling expanded the mineralised footprint and results from Evanston, including the Viper and Leghorn prospects, confirmed gold mineralisation from near surface to deeper levels, indicating continuity at depth and along strike.

At Megatron, significant untested strike remains and historical results includes 9m @ 2.6 g/t Au from 23m.

Although mineralisation at Evanston is less defined compared to Yerilgee, findings suggest a persistent system that warrants further investigation.

Future Exploration and Development Plans

The company is progressing geological modelling and data verification to support Inferred Mineral Resource Estimates for three small- to mid-scale gold deposits, each extending roughly 100 to 600 metres along strike. At the same time, it continues to evaluate broader exploration potential across the Palisade corridor.

Upcoming work will focus on integrating drilling data, progressing initial mineral resource estimates for key prospects, continuing exploration activities, conducting targeted drilling at Megatron, advancing geological evaluation of the Palisade corridor and Evanston.

CTN shares were trading at AUD 0.06 per share at the time of writing on 5 May 2026.