Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Shree Minerals Limited ( (AU:CTN) ) has provided an announcement.
Catalina Resources has received all assay results from its ~8,452 metre reverse circulation drilling program at the Evanston and Yerilgee projects, confirming consistent shallow gold mineralisation across multiple prospects including Viper, Leghorn, Chicken Little, Snowflake and T8. The work defines a 12–14 kilometre mineralised greenstone corridor with notable intersections and a strong hit rate, underscoring the broader gold potential of the Central Yilgarn tenure.
On the back of the consolidated dataset, the company has created the Palisade Gold Project to integrate the Chicken Little, Snowflake, Megatron and T8 prospects into a single corridor-scale exploration model. Catalina has also outlined conceptual Exploration Targets of approximately 60,000 to 330,000 ounces of gold at grades between 0.76 grams per tonne and 3.08 grams per tonne, providing a foundation for future work and highlighting significant upside from substantial untested strike, particularly at Megatron.
More about Shree Minerals Limited
Catalina Resources Limited is an Australian gold exploration company focused on its Central Yilgarn Projects at Evanston and Yerilgee in Western Australia. The company targets structurally controlled greenstone belt mineralisation and is advancing multiple shallow gold prospects within a corridor-scale exploration framework.
Average Trading Volume: 734,137
Technical Sentiment Signal: Sell
Current Market Cap: A$8.68M
For an in-depth examination of CTN stock, go to TipRanks’ Overview page.