Catalina Resources (ASX: CTN) uncovers 600m-long drill target at Oak Hill - Kalkine Media

Highlights

• Catalina Resources has concluded in-fill soil and rock chip sampling as well as geological mapping of a target area at its Oak Hill Project.
• The soil and rock chip assays defined a 600m-long geochemical anomaly (strong southwest orientated).
• Aeromagnetic images are in support of an underlying structure coincident with the geochemical anomaly.

Catalina Resources Limited (ASX:CTN) has revealed a 600m-long drill target from surface geochemistry at its Oak Hill Project (Exploration Licence 9346) in the Southern Lachlan Fold Belt, New South Wales (NSW).

As per the latest update on ongoing activities across the project, gold (Au) and arsenic (As) soil contours along with rock chip assay data suggested the presence of anomalous geochemistry over 600m within the project (Exploration Licence EL9346).

The tenement covers the southwestern extension of a mineralised trend that hosts two gold resources - Stoney Park and Elm Park - with a combined JORC Mineral Resource of 154koz Au, says the company.

Regional location of the Oak Hill prospect (image source: company update

Overview of Oak Hill exploration

Around 14 rock chip samples and 65 soil samples were collected during a regional mapping exercise of the tenement, EL9346, in April 2023.

Assays from rock chips defined up to 1.4 g/t Au, 28 g/t Ag, 0.44% Pb and 1.27% As.

The anomalous geochemistry is a distinctive and separate NE-SW orientated elliptical aeromagnetic trait supporting for an underlying structure coincident with the soil and rock chip geochemical anomaly.

The geochemical anomaly is present in a structurally complex area in proximity to the intersection of two faults and is off trend from the Elm Park - Stoney Park mineralization trend.

Summary diagram of the rock and soil Au and As geochemistry within EL9346. The trend of anomalous geochemistry is shown by the green dotted line. Background image is the Reduced to Pole (RTP) aero magnetics

How CTN plans to proceed

Going forth, the company is planning to compile the data available and conduct exploration studies to outline reverse circulation program. This will help in evaluating the geochemical targets identified.

CTN is anticipating to complete these studies and drill planning in the September 2023 quarter so as to initiate drilling in the subsequent quarter.

CTN shares were trading at AU$0.003 at the time of writing on 03 July 2023. The company has a market capitalisation of AU$3.71 million.