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Highlights
- Aircore drilling to test gold and rare earth targets has been successfully completed at the E38/3697 tenement.
- The 25-hole drilling program covered 1,593m.
- Further drilling in E38/3697 is planned following the receipt of assay results.
Catalina Resources Limited (ASX: CTN) has concluded aircore drilling at E38/3697, Laverton Project. E38/3697 is a ~45km2 tenement within the Laverton Gold Province, Western Australia, a region renowned for hosting numerous world-class deposits of nickel, gold and rare earth element (REE).
The campaign specifically aimed to assess gold and REE targets within E38/2697. The program was conducted on 25 aircore holes, covering an area of approximately 1,593m.
Data source: Company update
More on aircore drilling
The selected areas for aircore drilling were positioned along strike from the Lily Pond Well Mineral Resource, hosted by the Barnicoat Shear Zone. Also, the campaign aimed to analyse REE targets associated with magnetic anomalies.
The samples collected during the aircore drilling campaign have been sent to the Bureau Veritas Laboratory, located in Perth. The samples will undergo testing for low level gold, REE and nickel.
The company has also retained a 1m split of each metre sample for follow up analysis.
Assay results are anticipated in approximately two months.
Based on the findings from the aircore drilling assays, the company plans to conduct further drilling at the tenement. Although additional targets have been identified, they were not covered in the current drilling campaign.
CTN shares last traded at AU$0.004 apiece on 6 March 2024.