Catalina Resources’ (ASX:CTN) Dec quarter sees progress at Dundas Project - Kalkine Media

Highlights

• Catalina Resources is progressing with exploration activities across its prospective gold, base metals, lithium and iron ore projects.
• During geological logging of air core holes at the Dundas Project, CTN discovered multiple pegmatite intervals with accessory minerals, such as tourmaline and beryl.
• The company secured seven tenement applications in the highly endowed Laverton District.

Catalina Resources (ASX:CTN), a diversified mineral exploration and mine development company, has tabled its quarterly activities report for the period ended 31 December 2022. The company focused on advancing its projects prospective for gold, base metals, lithium, and iron ore during the quarter.  

Let us walk you through a quick briefing of major developments during the quarter.  

Catalina hits pegmatites and identifies critical mineral beryl at Dundas Project

In October 2022, historical aircore drilling spoils were identified through mapping by CTN from 10 holes from the Pan Aust Exploration drilling campaign conducted in 1998. Total 3 holes contained pegmatite chips as identified after mapping.  

Further, members of the Ngadju Native Title Aboriginal Corporation (NNTAC) conducted a cultural heritage survey over CTN’s exploration tenements in southern part of E63/2046 in October and over E63/2048 in November.

The quarter saw CTN receiving Programme of Work (PoW) approval for the project covering RAB and infill auger drilling programs.

Catalina concluded air core drilling for 105 holes in southern portion of E63/2046 and intersected pegmatites in 24 aircore holes. It is expected that the multi-element assays including Ta, Cs, Be, Li, and REEs will be received in the coming weeks.

Geological logging of air core holes was also done, during which many pegmatite intervals were recorded to have accessory minerals, such as beryl and tourmaline. A blue green mineral was intersected in drill hole 22DAC016 which has been interpreted to be aqua marine (a gem variety of beryl). However, assays are pending.

Data source: Company update, © 2023 Krish Capital Pty. Ltd.

Tenement applications in highly endowed Laverton Province

During the quarter, the company also updated on obtaining tenements applications in Laverton Province for nickel, gold, and rare earth elements. These tenement applications are spread over 6,600 hectares.

The company highlights that the province is the second-highest endowed gold district in Western Australia, owing to the presence of ~30Moz of gold.

Image source: company update 

To know more, read here

Key updates from Lachlan Fold Belt Project

Catalina Resources is looking forward to secure landholder access agreements at Oak Hill (EL 9346). On successful execution of the agreements, CTN plans to undertake in-fill auger soil sampling to refine drilling targets.

During the quarter, the company made persistent efforts towards advancing activities as per the Resources Regulator that could help in revoking the suspension at Rock Lodge EL9155 which includes:

Data source: Company update, © 2023 Krish Capital Pty. Ltd.

CTN shares were trading at AU$0.009 apiece on 27 January 2023.