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Catalina Resources Ltd (ASX:CTN)

ALERT: Price-sensitive ASX Announcement for CTN
Current share price for CTN : $0.038 -0.012 (-24%)+
Announcement
Release
30 Jul 2026 8:43AM
Price at Release
$0.050
Full Release
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Summary
Catalina Resources Limited has completed a comprehensive geological reinterpretation of the historical Pithara Gold Mine, identifying multiple high-priority drill targets beyond the historical workings. This reinterpretation, integrating historical drilling data, modern geophysics, and surface geochemistry, has significantly improved the understanding of the structural controls on gold mineralisation. The Pithara Gold Mine, which produced approximately 9,000 ounces of gold at an average grade of 15.4g/t, had exceptional high-grade intersections in previous drilling. A 26-hole reverse circulation drilling program, designed to evaluate extensions of the high-grade system, is set to commence following land access and heritage due diligence. This initiative aims to explore untapped potential beyond the historical pit based on a revised geological model.
Key Points
  • First comprehensive geological reinterpretation of Pithara Gold Mine since mining ceased.
  • Historical drilling showed high-grade gold intersections up to 7m @ 21.8g/t Au.
  • Revised exploration model indicates mineralised shear zone extends beyond historical workings.
  • 26-hole, 3,120m RC drilling program planned to test extensions of high-grade gold system.
  • Land access secured and Program of Work approved ahead of drilling.
  • Pithara Gold Mine historically produced approximately 9,000 ounces at 15.4g/t Au.
  • New targets identified using integrated geological mapping, geophysics and historical datasets.
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.