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Highlights
- Catalina Resources has acquired projects in the Yerilgee and Evanston greenstone belts in Central Yilgarn.
- The Yerilgee Belt hosts three major gold targets (T6, T8, T11) with high-grade intercepts and untested gold anomalies.
- The T11 target features a 20 km-long gold-in-soil anomaly with rock chip samples up to 233 g/t Au and high-priority geophysical targets.
- Catalina plans to commence exploration activities in Q1 2025.
Catalina Resources Ltd (ASX:CTN), an Australian diversified mineral exploration and mine development company, has announced the completion of its acquisition of projects in the Central Yilgarn Yerilgee and Evanston greenstone belts. The acquisition was made from Dreadnought Exploration Pty Ltd, a wholly owned subsidiary of Dreadnought Resources Limited (DRE).
The projects are located in an underexplored area of the Yilgarn Craton, approximately 190 km from Kalgoorlie. This region presents a rare exploration opportunity across multiple greenstone belts and has demonstrated potential for gold, iron ore, lithium, nickel, and Cu-Zn-Ag massive sulphides. The project spans over 650 km² and covers over 65 km of strike along the Yerilgee and Evanston greenstone belts.
Promising Gold Targets Identified in Yerilgee and Evanston
The Yerilgee Greenstone Belt hosts three major gold targets: T6, T8, and T11. These targets have demonstrated significant mineralisation, with several high-grade intercepts that have yet to be fully explored. Additionally, numerous gold soil anomalies have been identified and will require further drilling.
The Evanston Greenstone Belt features two key gold targets, T1 and T2, which also show proven mineralisation and high-grade intercepts awaiting follow-up exploration.
Catalina plans to start exploration activities in the first quarter of 2025.
The share price of CTN was AU$0.003 at the time of writing on 29 January 2025.
