Projects

Projects

Comet

Lauriston is an epizonal gold-antimony-arsenic mineralized project which is the southern extension of the Fosterville Goldfield Belt and is adjacent to Agnico Eagleā€™s extensive Fosterville tenements.

Lauriston tenement also contains the south extension of the Whitelaw Fault, which is a key feature of the mesozonal Bendigo Goldfield (22Moz). The Lauriston-Malmsbury-Taradale Goldfield has similar style and age of mineralization as Bendigo. Catalyst Metals are exploring the 75km northern extension of this Whitelaw Fault zone with significant success.

These two separate gold belts of Fosterville and Bendigo converge on the Lauriston and Kyneton tenements. With the recent granting of the Kyneton tenement, which is contiguous with the Lauriston tenement, we can now follow up on exploring these converging structures as proposed by Mr Kirwin.

ā€œVectoring in on the highly prospective major Redesdale, Whitelaw, and Taradale Faults projected underneath never explored thin young basalt cover.ā€ ā€“ Doug Kirwin

Figure 1 ā€“ Regional Structural Geology and FSX tenure.

Project Summary

Figure 2 ā€“ Fosterville gold mine Long Section showing south plunging well defined ore shoots.
Figure 3 ā€“ Schematic Cross Section of the Fosterville Gold Deposit.
Figure 4 ā€“ Regional map of gold occurrences, tenure and key prospect locations

Significant Historic Gold Production from the Main Mines

Reef Zone Ore (t) AU (oz) Mined
Depth (m)
Au (Au g/t) Exploration
Russell’s Reef
44,923
33,403
330
22.8
Sparse drilling on northern extension by previous company
Energetic Reefs
54,667
31,626
114
17.7
Drilled by GPG/FSX
United Kingdom Reefs
77,006
26,518
113
10.5
Two drill holes by former exploration company
Wyndham Reefs
32,927
11,747
88
10.9
Drilled by GPG/FSX
Tommy Todd
18,099
6,968
84
11.8
Drilled by GPG/FSX

Table 1 ā€“ Historical gold production from the main mines at Lauriston

FSX/GPG Exploration Drilling Results

Prospect E N Hole ID Azimut h Dip From To Length Au ppm Au x W Exploration
Comet
263617
5850086
CRC01
269.32
-60
64
74
10
2.09
20.90
FSX DRILLED 17 HOLES FOR 1997m. Further drilling planned when drill permits granted
263617
5850086
CRC01
269.32
-60
88
102
14
0.50
7.00
263682
5850343
CRC04
269.32
-60
105
119
13
1.19
15.47
263552
5850089
CRC09
89.42
-57.8
41
52
11
0.96
10.56
263572
5850124
CRC10
85.02
-58.3
34
43
9
0.59
5.31
263520
5850093
CRC14
83.42
-59
77
87
10
0.94
9.40
263538
5850125
CRC15
84.92
-53.1
58
67
9
1.35
12.15
North New Trojan
264109
5854304
NNT03
85.52
-54.1
60
64
2
2.04
4.08
FSX drilled 3 holes for 269m. Further drilling planned.
New Trojan
264040
5852711
TR01
89.52
-52.3
41
44
3
1.64
4.92
FSX DRILLED 18 HOLES FOR 1597m. Further drilling planned when drill permits granted.
264033
5852595
TR03
91.02
-53.2
55
60
5
0.90
4.50
264061
5852670
TR05
87.32
-58.2
27
38
11
0.79
8.69
264037
5852663
TR06
77.12
-58.6
51
64
13
0.51
6.63
264143
5853116
TR10
91.22
-53.8
27
33
6
0.94
5.64
264019
5852483
TR19
80.42
-51.2
70
77
7
0.68
4.76
Energetic
266924
5877361
EN0002
258.3
-60.4
17
28
11
0.63
6.93
FSX drilled 24 holes for 2254.5m. Broad supergene gold mineralization encountered surrounding the main workings open laterally with possible multiple sources.
266852
5877434
EN0007
75.7
-60.9
44
57
13
1.02
13.26
266840
5877600
EN0008
77.4
-60.5
36
41
5
1.71
8.55
266840
5877600
EN0008
77.4
-60.5
54
57
3
1.63
4.89
266906
5877452
EN0013
257.3
-60.6
51
59
8
2.29
18.32
266901
5877354
EN0014
263.1
-60
39
49
10
1.36
13.60
266894
5877350
EN0016
78.2
-60.2
19
31
12
0.76
9.12
Keath’s Reward
267354
5884022
KR03
65.3
-61.10
13
14
1
4.55
4.55
FSX drilled 5 holes for 222m. Complex geology requiring trenching
Napier
267587
5877762
NP0019
79.1
-60.2
42
45
3
3.30
9.90
FSX drilled 17 holes for 1280m. Various stopes intersected
O’Connell’s Find
269702
5853882
OCB01
103.92
-57.9
4
19
15
0.36
5.40
Formerly drilled by four angle RC holes. FSX plan further drilling. Permits in place
269688
5853878
OCB03
91.42
-58.4
20
31
11
0.75
8.25

Table 2 ā€“ GPG exploration drilling highlights

Lauriston Prospects

COMET ā€“ TROJAN FAULT ZONE

Epizonal Fosterville Style overprinting Mesozonal Bendigo Style

Previous Exploration Company Highlights ā€“ Comet Prospect

Prospect Hole No. MGAE MGAN Total Depth Hole Dip Azimuth From Length Au ppm Type
Comet
120RC1
263674
5850303
80
-60
95
48.00
14.00
0.36
RC drill
Comet
120RC4
263744
5850095
79
-60
98
50.00
26.00
0.42
RC drill
Comet
CC01
263688
5850411
39
90
3.00
16.00
0.34
Trench
Comet
CC02
263667
5850498
40
90
12.00
12.00
0.87
Trench
Comet
CC03
263648
5850561
50
90
32.00
4.00
1.52
Trench
Comet
CC05
263608
5850759
40
90
4.00
34.00
0.60
Trench
Comet
T120/N05
263767
5850047
110
90
19.00
20.00
0.29
Trench
Comet
T120/N06
263757
5850113
32
90
11.00
17.50
0.81
Trench
Comet
T120/N08
263728
5850207
40
90
12.00
22.00
0.45
Trench
Comet
T120/N09
263708
5850260
40
90
20.00
18.00
0.52
Trench
Comet
T120/N10
263709
5850306
36
90
8.00
18.00
0.92
Trench
Comet
T120/N12
263628
5850710
40
90
15.00
13.00
1.76
Trench
Comet
T120/N13
263586
5850831
25
90
1.00
17.00
0.32
Trench

Table 3 ā€“ Previous exploration drilling and trenching at the Comet prospect.

FSX/GPG Exploration Highlights ā€“ Comet / Trojan Prospects

Prospect E N Hole ID Azimut h Dip From To Length Au ppm Au x W Exploration
Comet
263617
5850086
CRC01
269.32
-60
64
74
10
2.09
20.90
FSX DRILLED 17 HOLES FOR 1997m. Further drilling planned when drill permits granted
263617
5850086
CRC01
269.32
-60
88
102
14
0.50
7.00
263682
5850343
CRC04
269.32
-60
105
119
13
1.19
15.47
263552
5850089
CRC09
89.42
-57.8
41
52
11
0.96
10.56
263572
5850124
CRC10
85.02
-58.3
34
43
9
0.59
5.31
263520
5850093
CRC14
83.42
-59
77
87
10
0.94
9.40
263538
5850125
CRC15
84.92
-53.1
58
67
9
1.35
12.15
North New Trojan
264109
5854304
NNT03
85.52
-54.1
60
64
2
2.04
4.08
FSX drilled 3 holes for 269m. Further drilling planned.
New Trojan
264040
5852711
TR01
89.52
-52.3
41
44
3
1.64
4.92
FSX DRILLED 18 HOLES FOR 1597m. Further drilling planned when drill permits granted.
264033
5852595
TR03
91.02
-53.2
55
60
5
0.90
4.50
264061
5852670
TR05
87.32
-58.2
27
38
11
0.79
8.69
264037
5852663
TR06
77.12
-58.6
51
64
13
0.51
6.63
264143
5853116
TR10
91.22
-53.8
27
33
6
0.94
5.64
264019
5852483
TR19
80.42
-51.2
70
77
7
0.68
4.76

Table 4 ā€“ GPG exploration drilling highlights for the Comet and Trojan structural corridor.

Figure 5 - Comet-Trojan LA-ICPMS zoned pyrite grain showing Au correlates with As, Cu, Sb, Pb and Bi

Oā€™CONNELLā€™S FIND

Au-Sb-As epizonal Fosterville Style

Hole No. MGAE MGAN Total
depth (m)
Hole
Dip
Azimuth From Length Au
ppm
Type Licence
OCF02
269676
5854177
45
-60
90
14.0
2.0
5.38
RC drill
EL3601
OCF03
269674
5854190
45
-60
110
18.0
8.0
0.58
RC drill
EL3601
OCF04
269674
5854203
45
-60
120
20.0
8.0
1.97
RC drill
EL3601
OCB01
269702
5853882
43
-58
104
4.0
15.0
0.36
RAB
EL6656
OCB03
269688
5853878
46
-58
91
20.0
11.0
0.75
RAB
EL6656

Table 5 ā€“ Exploration drilling intersections at the Oā€™Connellā€™s Find prospect.

ENERGETIC REEFS

Prospect E N HOLE ID Azimuth Dip From To Length Au ppm Au x W
Energetic
266924
5877361
EN0002
258.3
-60.4
17
28
11
0.63
6.93
Energetic
266852
5877434
EN0007
75.7
-60.9
44
57
13
1.02
13.26
Energetic
266840
5877600
EN0008
77.4
-60.5
36
41
5
1.71
8.55
Energetic
266840
5877600
EN0008
77.4
-60.5
54
57
3
1.63
4.89
Energetic
266906
5877452
EN0013
257.3
-60.6
51
59
8
2.29
18.32
Energetic
266901
5877354
EN0014
263.1
-60
39
49
10
1.36
13.60
Energetic
266894
5877350
EN0016
78.2
-60.2
19
31
12
0.76
9.12

Table 6 – Positive drill results for FSX drilling at Energetic prospect.

RUSSELLā€™S REEFS, LAURISTON

NAPIER - WYNDHAM REEFS, LAURISTON

KEATHā€™S REWARD, MALMSBURY

PREMIER RIDGE, KYNETON

Trench MGAE MGAN Length Azimuth Dip From (m) Length (m) Au ppm Au x W Comment
PMT01
271143
5870442
48
212
18
0.95
17.08
Open to north
PMT02
271113
5870464
52
222
4
1.41
5.64
Open to north
11
10
0.57
5.69
PMT03
271180
5870428
50
221
19
0.83
15.71
Open to north
PMT04
271203
5870405
42
220
24
0.99
23.74
Open to north
PMT05
270976
5870624
68
217
PMT06
271018
5870573
82
219
10
0.51
5.1
Open to north

Table 7 ā€“ Premier trenching results by Golden Shamrock

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