Catalyst Metals Says Drilling Grows Strike Length at Western Australia's Cinnamon Trend

MT Newswires Live
05/13

Catalyst Metals (ASX:CYL) said drill results at the Cinnamon trend at the Plutonic Gold Belt in Western Australia have increased the strike length of this higher-grade zone beneath the planned open pit by 75% to over 700 meters, according to a Wednesday Australian bourse filing.

The results were of up to 38 meters at 10.5 grams per tonne gold and 17 meters at 21.5 grams per tonne gold.

The company said Cinnamon has the potential to become a sixth underground ore source to feed the centralized Plutonic processing plant, with Catalyst's plan to increase Plutonic's gold production to about 200,000 ounces from 1.5 million ounces of reserves across five mines.

Ongoing exploration success at Cinnamon provides greater contingency and lower operating risk to the long-term plan, the company added.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10