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Highlights
- Independent review confirms significant potential for shear-hosted orogenic gold across the Beasley Creek Project.
- Flamingo has been identified as the top drill-ready target.
- Historical drilling reveals gold intersection of 4m at 11.4 g/t Au, with zones open for follow-up.
- Pending tenements show promising gold-anomalous stream sediments, outlining new targets once granted.
Catalina Resources Limited (ASX:CTN) has announced the completion of an independent technical review of its 100%-owned Beasley Creek Gold Project, conducted by APEX Geoscience. The review validates significant potential for shear-hosted orogenic gold throughout the project area, which is strategically located along the Mithgoondy Shear Zone and associated structural features.
Details of Independent Review
The comprehensive assessment integrated historical drilling data, surface geochemistry, geophysical results, and regional structural information, yielding a unified exploration model covering both granted and pending tenements. The review highlights clear structural corridors, geochemical trends, and several drill-ready targets to guide upcoming exploration activities.
Flamingo: A Prime Drill Target
The Flamingo Target emerges as the highest exploration priority following the review. It features a linear, multi-element soil anomaly (Au-Cu-As) that aligns with the Mithgoondy Shear Zone. Magnetic data reveal structural discontinuities coinciding with sheared mafic and felsic rocks. Despite extensive surface sampling, Flamingo remains untested by drilling, presenting a compelling opportunity for initial drill programs.
Historical Drilling Supports Exploration
A standout historical result includes a 4m interval grading 11.4 g/t gold in hole RRC15, located at the contact between Fortescue conglomerates and sheared greenstones. Updated structural interpretations indicate the mineralised zone dips northward, suggesting previous holes may have missed continuity at depth. This presents a low-cost, high-priority opportunity to confirm and validate a result that has remained untested for over 20 years.
Strategic Location in a Proven Gold District
Located within the northern Capricorn Orogen, the project sits in a broader district hosting the former Paulsens Gold Operation, which produced over 900,000 ounces of gold at an average grade of 7.3 g/t. The area is characterised by several tectonothermal events and deep crustal structures known to channel hydrothermal fluids. The project’s defining structural feature, the Mithgoondy Shear Zone, passes directly through the tenements and represents the principal structural feature controlling the distribution of lithologies and the localisation of hydrothermal pathways.
The local shear system and the deep regional faults offer a structural architecture capable of creating conditions for orogenic gold mineralisation.
Regional Potential
The regional geological setting is consistent with Paulsens-style orogenic gold systems, shaped by the northern Capricorn Orogen and major mantle‐tapping structures such as the Soda Fault. In addition, the pending tenements display gold-anomalous stream sediment results, offering immediate secondary exploration targets as soon as the areas are granted.
Next Steps
Data source: Company update. Image source: © 2025 Krish Capital Pty. Ltd.
CTN shares were trading at AUD 0.003 per share at the time of writing on 8 December 2025.
