Four Eagles Project
The Four Eagles Gold Project is located generally along strike of the Bendigo Goldfield and west of the towns of Mitiamo and Raywood in central Victoria, extending from 20 to 70 kilometres north of Bendigo.
Catalyst has the right to earn an interest in the project with the Phase 1 commitment comprising expenditure of $450,000 on the tenements during the first 12 months, to further test the concept of Bendigo style mineralisation under cover on the tenement area and must include a minimum of 1 diamond hole and 70 air-core holes.
Catalyst will conduct an air-core and diamond drilling program to test targets generated by previous drilling conducted by by the previous operator which included 6 metres @ 82g/t gold and 3 metres @ 9.7g/t gold.
Previous air-core drilling by previous operator intersected high grade gold mineralisation and defined a prospective structural corridor over 10 kms in length. This trend lies along strike, 50 kms to the north of the Bendigo Gold Field in a similar relationship to the Whitelaw Fault. Gold is observed in quartz veining within the basement rocks of typical Bendigo style sediments.
Interpretation of the Bendigo-Mitiamo ground gravity data and imagery produced by the Victorian Department of Primary Industries in conjunction with air-core drilling show that the prospective rocks lie beneath 10-120 metres of alluvial cover. This ground remained relatively unexplored until recent times as the alluvial cover precluded the discovery of gold by previous explorers without the use of modern geophysical tools.