Key points
- Successful infill drilling at Cinnamon confirms bulk scale mining
- True width intercepts of 27m @ 20 g/t & 57m @ 6.9g/t Au
- Cinnamon to be the sixth ore source for Plutonic's growth plan
Full summary
Catalyst Metals Limited has successfully completed infill drilling at the Cinnamon deposit, confirming high-grade mineralization suitable for bulk scale mining. The drilling program targeted infill of the high-grade mineralized zone beneath the existing open pit resource and tested for repeat mineralized zones within conglomerate units at depth. The results demonstrate broad zones of continuous mineralization and grade, which will lead to lower risk, bulk scale underground mining. The deposit is located 25km from Plutonic's processing plant and is expected to be the sixth ore source in Plutonic's growth plan to double annual gold production to ±200koz.
Guidance
Null
Outlook
The path to 200koz is now just a matter of time, with production expected to follow soon after the Reserve is confirmed.