Gold: Explorers Chesser, Musgrave & Catalyst hit paydirt
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Today it’s about the noteworthy gold hits.
Catalyst Metals (ASX:CYL) continues to throw up insane grades from its Four Eagles gold project, which is a stone’s throw from Kirkland Lake’s world-class Fosterville operation in Victoria.
Catalyst has just extended high-grade gold by about 200m to the south end of Boyd’s Dam with hits like 11m at 37.2 grams per tonne (g/t).
We know this thing is a mess of high-grade gold results, but just look for a red dot on the far left hand side:
This is the most southerly drill hole ever, Catalyst says, which means the high-grade zone at Boyd’s Dam is still open down plunge to the south “even though it has no expression at shallow levels”.
Musgrave Minerals (ASX:MGV) is also enjoying success going south.
Extensional drilling at the 200,000oz Break of Day deposit — part of the company’s flagship Cue gold project in WA — intersected 2m at 9g/t, 71m from surface.
This intercept is about 75m south of the current resource boundary, and Musgrave reckons this could represent a potential southern extension to Break of Day.
“Once you are onto a high-grade system it is important to be persistent and continue to test new ideas and concepts,” Musgrave’s Rob Waugh says.
“It’s early days, yet a very pleasing result and a credit to all involved.”
Senegal-focused explorer Chesser Resources (ASX:CHZ) just announced more gold from its flagship Diamba Sud project, including 17m at 4.97g/t, inside a larger 53m intersection grading 2.61g/t, 54m from surface.
Anything around 5g/t and above is pretty decent, especially at those sorts of widths.
This project was essentially untouched by deeper drilling before Chesser charged in, drillbit blazing, in March this year.
The explorer compares the Diamba Sud targets to nearby gold systems like Gounkoto/Loulo (5.5moz/12moz) and Fekola (7.6moz). Again — it’s early days, but results look very promising so far.