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Catalina Resources Ltd (ASX:CTN)

ALERT: Price-sensitive ASX Announcement for CTN
Current share price for CTN : $0.044 -0.003 (-6.38%)+
Announcement
Release
28 Jul 2026 8:26AM
Price at Release
$0.047
Full Release
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Summary
Catalina Resources Ltd (ASX: CTN) has announced the commencement of a 2,400-meter reverse circulation (RC) drilling program at the Breakaway Dam Copper Project in Australia. This initiative aims to test high-priority Downhole Electromagnetic (DHEM) conductor plates and extend known copper mineralisation. The previous drilling at the site has identified promising copper intersections, indicating a copper-rich Volcanogenic Massive Sulphide (VMS) system. The drilling program is designed to target ore-grade intercepts and assess the continuity and extent of potential orebodies. The project expands Catalina's exposure beyond gold, presenting a valuable copper opportunity. The Breakaway Dam Prospect lies within the Alexandra Bore Greenstone Belt and is characterized by multiple copper-bearing outcrops. The project is advancing through significant exploration efforts, with the expectation of resource definition in future phases.
Key Points
  • 2,400m RC drilling program at Breakaway Dam.
  • Testing high-priority Downhole Electromagnetic (DHEM) conductor plates.
  • Previous drilling revealed promising copper intersections.
  • Copper-rich Volcanogenic Massive Sulphide (VMS) system identified.
  • Drilling program targets ore-grade intercepts.
  • Project broadens Catalina's exposure beyond gold.
  • Located within Alexandra Bore Greenstone Belt.
  • Advancing towards resource definition.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.