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Shree Minerals Limited ( (AU:CTN) ) has shared an announcement.
Catalina Resources has reported an exceptional shallow gold intercept from Phase 1 drilling at the Chicken Little prospect within its Yerilgee Project in Western Australia. The first RC hole returned 48 metres at 2.61 grams per tonne gold from 15 metres depth, including a standout interval of 20 metres at 5.64 grams per tonne with an internal 8 metres at 11.6 grams per tonne.
The mineralisation occurs in banded iron formation, remains open at depth and demonstrates strong continuity over multiple one-metre samples, supporting the robustness of the geological model and potential for strike and depth extensions. With assays pending from ten additional holes at Chicken Little and around 4,000 samples still to be received from the broader Central Yilgarn campaign, Catalina sees this result as a transformational step that materially elevates Yerilgee’s scale potential and is backed by a pro-forma cash position of about A$4.32 million to fund follow-up drilling.
The most recent analyst rating on (AU:CTN) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on Shree Minerals Limited stock, see the AU:CTN Stock Forecast page.
More about Shree Minerals Limited
Catalina Resources Limited is an Australian gold exploration company focused on its 100%-owned Yerilgee Project in Western Australia’s Central Yilgarn region. The company targets scalable, high-grade gold systems, using reverse circulation and aircore drilling to test banded iron formation-hosted mineralisation within its broader Central Yilgarn Project portfolio.
Average Trading Volume: 564,435
Technical Sentiment Signal: Sell
Current Market Cap: A$10.18M
Find detailed analytics on CTN stock on TipRanks’ Stock Analysis page.