CATALYST METALS LIMITED - ASX: CYL

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Description

Catalyst Metals Limited is a dedicated mineral explorer whose prime focus is the Minnie Creek project located 242 km north east of Carnarvon in Western Australia. Within the project area is the Minnie Springs prospect which is a new Molycorehand250w molybdenum discovery made in 1995.

Based on previous drilling and exploration results as well as work to date by Catalyst, the discovery offers significant potential for the delineation of a substantial molybdenum resource. The Minnie Creek project area also contains a large number of other prospects with identified potential for copper, gold and uranium deposits.

Four Eagles Project, Victoria

The Four Eagles Gold Project is located generally along strike of the Bendigo Goldfield and west of the towns of Mitiamo and Raywood in central Victoria, extending from 20 to 70 kilometres north of Bendigo.

Catalyst has the right to earn an interest in the project with the Phase 1 commitment comprising expenditure of $450,000 on the tenements during the first 12 months, to further test the concept of Bendigo style mineralisation under cover on the tenement area and must include a minimum of 1 diamond hole and 70 air-core holes.

Catalyst will conduct an air-core and diamond drilling program to test targets generated by previous drilling conducted by by the previous operator which included 6 metres @ 82g/t gold and 3 metres @ 9.7g/t gold.

Previous air-core drilling by previous operator intersected high grade gold mineralisation and defined a prospective structural corridor over 10 kms in length. This trend lies along strike, 50 kms to the north of the Bendigo Gold Field in a similar relationship to the Whitelaw Fault. Gold is observed in quartz veining within the basement rocks of typical Bendigo style sediments.

Interpretation of the Bendigo-Mitiamo ground gravity data and imagery produced by the Victorian Department of Primary Industries in conjunction with air-core drilling show that the prospective rocks lie beneath 10-120 metres of alluvial cover. This ground remained relatively unexplored until recent times as the alluvial cover precluded the discovery of gold by previous explorers without the use of modern geophysical tools.

Minnie Creek Project

The Minnie Creek Project hosts a relatively new (1995) and significant discovery of molybdenum located in the Gascoyne province of Western Australia. The economic widths and grades of molybdenum that have been intersected by the limited drilling completed to date indicate the Minnie Creek project has the potential to host a resource of world class size. In addition, the project area contains a range of newly discovered outcrops with significant values of molybdenum, copper, gold, tungsten and uranium. Catalyst Metals Ltd owns a 90% interest in the Minnie Creek project and has entered a joint venture with the ability to acquire a 100% interest in the project.

The Minnie Creek project area is located 242 km north-east of Carnarvon in western Australia. Most of the area is underlain by the Proterozoic age Minnie Creek Batholith, a member of the Moorarie Supersuite granite terrain. The total project area is 872 square kilometres.

Everton Project

- Includes one of the biggest and richest historical Mo-producing mines in Australia where total historical production averaged 1.40%MoS2
- Multiple outcropping molybdenum bearing intrusive stocks with historical workings identified over 5km strike
- 75km2 project area covers whole historic molybdenite mining field

Mine For

molybdenum, gold, tungsten

Location of operation(s)

Western Australia, Victoria

Address

Level 3 50 Colin Street
WEST PERTH, WA, AUSTRALIA

Phone

(08) 9383 2825

Email

Website

http://www.catalystmetals.com.au

Last Updated

14/09/2011