Catalyst Metals (ASX: CYL)
Reported further drill results at the Cinnamon deposit, located on the Plutonic Gold Belt.
Drilling has targeted infill of the high-grade mineralised zone beneath the existing open pit Resource, and testing for repeat mineralised zones within conglomerate units at depth.
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Plutonic Mine – Courtesy of Catalyst Metals
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| Catalyst Metals | ASX : CYL | |
| Stage | Exploration / development | |
| Metals | Copper / Gold | |
| Market cap | A$1.8 Billion @ A$6.88 | |
| Location | Murchison, Victoria, Australia | |
| Website | www.catalystmetals.com.au |
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Catalyst Metals Successful infill drilling at Cinnamon confirms bulk scale mining with true width intercepts of 27m @ 20 g/t & 57m @ 6.9g/t Au Infill drilling program allows for updated Resource and Reserve
.Successful infill drilling at Cinnamon confirms bulk scale mining with true width intercepts of 27m @ 20 g/t & 57m @ 6.9g/t Au
Infill drilling program allows for updated Resource and Reserve
Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) is pleased to report further drill results at the Cinnamon deposit, located on the Plutonic Gold Belt.
Drilling has targeted infill of the high-grade mineralised zone beneath the existing open pit Resource, and testing for repeat mineralised zones within conglomerate units at depth.
Results confirm the continuity of the mineralised zone and, for the first time, confirm gold mineralisation within alternative conglomerate units at depth.
Results confirm the continuity of the mineralised zone and, for the first time, confirm gold mineralisation within alternative conglomerate units at depth.
• Cinnamon is an undeveloped gold deposit located 25km from Plutonic’s processing plant
• It is to be the sixth ore source in Plutonic‘s growth plan to double annual gold production to ±200koz
• After discovery of the high-grade shoot at Cinnamon in October 2025, Catalyst sought to infill drill it for the purposes of an updated Resource and Reserve. The results of this infill drilling program are below:
o 27m at 20.5g/t Au o 36m at 6.3 g/t Au o 30m at 3.3g/t Au
o 60m at 9.2g/t Au o 35m at 6.1g/t Au o 16m at 4.5g/t Au
o 57m at 6.9g/t Au o 19m at 5.7 g/t Au o 16m at 4.1g/t Au
o 13m at 19.1g/t Au o 8m at 13.1g/t Au o 7m at 7.8g/t Au
• Previously released Cinnamon drilling results are shown overleaf
• Drilling to date has confirmed consistent widths across the ore body. Importantly, assays demonstrate broad zones of continuous mineralisation and grade.
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Catalyst’s MD and CEO, James Champion de Crespigny, commented:
“With this discovery and delineation of Cinnamon, the Plutonic Belt’s future is secure. We now have multiple high-grade ore sources and the balance sheet to get us there.
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“The path to 200koz is now just a matter of time.
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“Drilling at Cinnamon has moved quickly. Within twelve months we expect to have moved from greenfields discovery to Reserve, with production following soon after. Our existing operations and infrastructure make this rapid speed possible.
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“The attractiveness of the deposit is becoming clearer with rarely seen thick high grade mineralised intercepts amenable to bulk mining of large underground stope tonnes at attractive grades.
“The results we are most interested in going forward sit outside the known high-grade shoot. Replicating another high-grade shoot will be a material change to the business.”
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Disclosure
At the time of writing the author holds shares in Catalyst Metals
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