Bendigo Gold Project
The Bendigo Gold Project in Victoria lies directly to the north of the Bendigo Goldfields where over 22Moz of gold has been produced historically.
The Four Eagles and Tandarra gold projects in Victoria were Catalyst’s founding assets. Over the last two years a number of steps have been taken to progress the Bendigo Gold Project including:
- Delineating a high grade, 26 g/t Au Resource at the Four Eagles Project
- Securing access to a permitted and functional CIL processing plant
- Obtaining a permit to develop an underground exploration tunnel
The historic Bendigo Goldfield reportedly produced some 22 million ounces of gold since discovery in 1851. The success of this goldfield is attributed to the unique style and scale of faulting which resulted in the repetition of mineable orebodies at depths well beyond one kilometre.
To date, exploration of the Whitelaw Gold Belt to the north of Bendigo by Catalyst has demonstrated strong similarities to the Bendigo Goldfield such as visible gold in quartz, high grade gold assays, strong arsenious haloes, and close relationships with host rock fold hinges. In June 2023, the Company released a Mineral Resource Estimate of 665kt at 7.7g/t Au for 163,000oz Au, including the Iris Zone, a high-grade deposit of 70,000oz at 26.2g/t Au.
The newly discovered Iris Zone lies on one of these steep western shear zones and seems to mostly occupy the western limb of the Boyd’s Dam anticline.
Recent drilling intersections from the Iris Zone include 6.5m @ 197.2g/t Au (incl. 0.55m @ 1,840 g/t Au), 3.7m @ 28.42g/t Au, 4.2m @ 53.4g/t Au, 1.7m @ 147.0g/t Au & 1.5m @ 28.8g/t Au.
