Catalina Resources (ASX:CTN) Reports New Acquisitions and Encouraging Drill Results

Highlights

• Catalina has acquired new projects covering 650 km² in the Yilgarn Craton.
• The company encountered broad zones of gold mineralisation at Laverton, including a broad gold zone in drill hole LVAC049.
• Laverton presence expanded with the grant of a new tenement (E38/3847).
• CTN completed diamond drilling at the Rock Lodge Project, with assays pending.

Catalina Resources Ltd (ASX:CTN) made significant progress across its Laverton and Lachlan Fold Belt projects during the quarter ended 31 December 2024. Additionally, the company acquired new projects during the quarter.

Acquisition of Yerilgee and Evanston greenstone belt projects

CTN has signed an acquisition agreement with a subsidiary of Dreadnought Resources Limited (DRE) to acquire projects in the Yerilgee and Evanston greenstone belts. Located in the Yilgarn Craton, the project area spans over 650 km² and covers 65 km of strike along both belts.

The Yerilgee Greenstone Belt hosts three main gold targets—T6, T8, and T11—each with proven mineralisation and several high-grade intercepts, offering further drilling potential. Similarly, the Evanston Greenstone Belt features two key gold targets—T1 and T2—both with proven mineralisation and high-grade intercepts, still underexplored.

Data source: Company update

Data source: Company update

Significant mineralisation at Laverton Project

The company received assays from air core drilling conducted at the project in September last year. Notable assay results from the Gold Target include –

Data source: Company update

Notably, reconnaissance drill traverses 100m and 200m south of LVAC049 encountered mineralisation, confirming the extent of the gold anomaly.

Drilling also expanded the area of anomalous REE mineralisation related to mafic intrusions near magnetic anomalies.  

Laverton Project expansion

CTN further expanded its presence in the Laverton area by securing tenement E38/3847, located near the Burtville Gold Mine. E38/3847 lies within a bulk tonnage gold mineralisation system exceeding 1Moz but remains underexplored due to inconsistent historical drilling.Lachlan Fold Belt Project Update

A two-hole diamond drilling program at the Rock Lodge Project in the Lachlan Fold Belt, NSW, has been completed. The diamond drilling, totalling 351m (NQ core), intersected broad alteration zones with quartz-sulphide veining and brecciation, following up on  previous gold mineralisation. Assays for gold and multi-element analysis are pending.

CTN shares traded at AU$0.003 per share on 21 January 2025.