Catalina Resources Begins Diamond Drilling at Lachlan Fold Belt Project, Revealing New Gold & Silver Potential

Key Highlights:

• Catalina Resources (ASX: CTN) intersects multiple stacked gold and silver lenses in RC drilling at Rock Lodge.
• Drill hole SRLRC05 revealed four distinct mineralized zones, including intervals of 2m at 2.13 g/t Au and 2m at 2.12 g/t Au.
• The mineralization at Rock Lodge suggests a significant 60m-wide envelope, with future drilling expected to reveal additional zones.

Catalina Resources Expands Gold and Silver Potential at Rock Lodge with Promising Drill Results

Catalina Resources Ltd (ASX: CTN) continues to advance its exploration at the Rock Lodge project within the Lachlan Fold Belt, revealing exciting new data that underscores the project’s gold and silver potential. The latest RC drilling campaign has uncovered multiple stacked lenses of gold and silver, hinting at a complex, multi-zone mineralized system that could represent a substantial resource.

Drill Rig in operation at Rock Lodge (SOURCE: $CTN ASX Announcement)

SRLRC05: Key Findings Highlight Multi-Zone Potential

Among the standout findings from the recent drilling was drill hole SRLRC05, which intersected four separate mineralized gold and silver zones between 75m and 99m downhole. Highlights include intersections of 2m at 2.13 g/t Au and another 2m at 2.12 g/t Au. At the deepest point of SRLRC05, at 102m, rocks continued to display signs of pervasive hydrothermal alteration—an encouraging signal suggesting further mineralization may be present at depth.

These findings underscore the possibility of multiple, layered mineral zones that could translate into a significant resource. The continued presence of hydrothermal alteration at depth adds weight to the theory that Rock Lodge may host an extensive mineral system.

Source: $CTN ASX Announcement

Expanding the Mineralized Envelope: Findings from SRLRC02

Catalina’s exploration team also intersected additional mineralization west of SRLRC05 with drill hole SRLRC02, which returned an 8m intersection grading 1.08 g/t Au, including a 3m section at 2.12 g/t Au. Combined with historical drilling data, including intersections from MYRC01, these findings contribute to an extensive 60-meter-wide mineralized envelope at Rock Lodge. The consistency of these intersections across multiple drill holes suggests a robust system with significant potential for expansion.

Potential of a Larger Gold System at Rock Lodge

The presence of pervasive hydrothermal alteration at the base of SRLRC05, often linked to substantial mineral systems, hints at a larger-scale opportunity at Rock Lodge. Such alteration zones signal fluid flow capable of depositing concentrated metals, adding to the confidence that additional zones of mineralization may exist below the current drill levels.

This evidence of a potentially broad mineralization envelope enhances the project’s attractiveness as Catalina seeks to confirm the depth and extent of the mineralized zones.

Future Drilling Holds Strong Potential

Catalina’s success with initial RC drilling has set the stage for expanded exploration at Rock Lodge, with plans to test deeper mineralization and additional targets in future phases. The 60-meter-wide mineralized zone, combined with the possibility of a larger system, positions Rock Lodge as a valuable component of Catalina’s portfolio.

The significant gold and silver intersections observed to date, along with the potential for further discoveries, make Catalina Resources a compelling prospect. As the company advances its exploration program, additional drill results could enhance the project’s profile, particularly within the context of the precious metals market.

Catalina Resources’ methodical approach and recent drilling success at Rock Lodge point to a promising outlook, with each new drill hole providing deeper insight into the project’s scale and potential.

As of 7th November 2024, Catalina Resources (ASX: CTN) shares are trading at A $0.004.