Catalina Resources (ASX:CTN) wraps up aircore drilling at Laverton Project, assays expected soon

September 30, 2024 04:21 PM AEST | By Sonal Goyal

Catalina Resources (ASX:CTN) wraps up aircore drilling at Laverton Project, assays expected soon — Image source: Company update

Recent News

Synlait Milk Ltd Reports FY24 Results Key Takeaways for A2 Milk Compan...

Market Highlights Zip Co Ltd and Coles Group Ltd Experience Growth in...

Wynn Macau Makes Waves with the First Immersive Seafood Dining Destina...

NUS researchers develop revolutionary technology to unravel complex pr...

Highlights

Catalina has finalised aircore drilling at the Laverton Project

The program, covering 1,801m, aimed at testing REE and gold targets

Assay results are anticipated in almost eight weeks

Catalina Resources Ltd (ASX:CTN) has achieved a significant milestone at its Laverton Project with the finalisation of follow up aircore drilling at E38/3697. The 1,801 metres campaign involved 27 aircore holes, aimed at testing rare earth element (REE) and gold targets.

Aircore drilling program details

Data source: Company update

Samples from the drill holes were collected in 4-metre composites downhole and sent to the Perth-based Bureau Veritas Laboratory for evaluation. The samples were analysed for trace amount of gold, nickel, and REE by utilising methods AR001 and AR102, which employs an Aqua Regia digest with an ICP-MS finish.

Additionally, 1-metre splits of each sample were taken and stored for potential follow-up analysis. Assays are expected in approximately 8 weeks.

Background of drilling at Laverton Project

E38/3697 is a 15-sub block tenement, spanning nearly 45km² within the Laverton Gold province, Western Australia. This area hosts multiple renowned deposits of REE, nickel and gold elements, including Wallaby, Windara Nickel, Sunrise Dam and the Mt Weld REE deposit. The Mt Weld REE deposit is amongst the highest-grade REE deposit globally with a mineral resource of 54.7 million tonnes at 5.3% TREO.

The company commenced drilling at the project in February 2024 and the significant results from the previous drilling include:

Data source: Company update

CTN shares traded at AU$0.004 apiece at the time of writing on 30 September 2024.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.