Highlights
- Catalina Resources has received promising gold assays from the Rock Lodge Project including a best intersection of 11m @ 0.88 g/t Au, with a high-grade interval of 1m @ 5.25 g/t Au.
- Recent two-hole diamond drilling campaign has confirmed widespread mineralisation hosted in siltstone.
- Multi-element assays are expected soon to guide future exploration plans.
Catalina Resources Ltd (ASX:CTN) has received encouraging gold assay results from recent diamond drilling at the Rock Lodge Project in New South Wales. The two-hole diamond drilling program, covering 351m, aimed to follow up on gold mineralisation intersections (associated with thin quartz-sulphide veins) identified in shallow reverse circulation (RC) drilling.
Image source: Company update
Key Assay Results
The best intersections include:
- 11m @ 0.88 g/t Au from 193m, including 1m @ 5.25 g/t Au in hole SRLRCD001.
- 1m @ 1.87 g/t Au from 228m in SRLRCD001.
- 1m @ 1.4 g/t Au from 177m in SRLRCD001.
The diamond core holes encountered widespread alteration with significant sulphide veining, and quartz-sulphide veining and brecciation, all hosted in siltstone.
Next Steps in Exploration
Catalina Resources is now awaiting multi-element (Cu, Pb, Zn, Bi, Ag, As) assay results from SGS Laboratory, expected in the coming weeks. These results will be assessed alongside historic drilling data to help define the company’s next steps in exploration.
CTN shares traded at AU$0.003 per share at the time of writing on 30 January 2025.