HIGHLIGHTS
· Assay results received for WDD148; and WDD149, the 5th and 6th drill holes from Catalpa’s programme aimed at testing high grade underground targets at Edna May Gold Project
· Visible gold encountered in all drill holes in current programme
· Further substantial intercepts of Edna May Reef at depth
Catalpa Resources (ASX:CAH), Perth-based emerging gold producer, today reported further encouraging assay results from the 5th and 6th holes in the current drill programme, aimed at testing high grade arcuate reef structures at its wholly-owned Edna May Gold Project in Western Australia.
Bruce McFadzean, Catalpa Resources Managing Director confirmed visible gold was present in both drill holes, consistent with the previous four holes in the programme.
WDD148 intercepts comprise quartz-sulphides (pyrite, pyrrhotite) with visible gold in the 402.08m to 403.20m interval. The WDD149 intersection of 1.24m @ 31.3g/t Au consists of quartz-sulphides (pyrite, pyrrhotite) also with visible gold.
“We are positive that the mounting geological evidence supports both our interpretation of the continuation of the Edna May reef at depth; and our belief that Edna May is prospective for underground mining.
“The potential for underground mining in the future presents further upside for what is already a viable project with attractive margins.
“It is now planned to carry out a detailed geological review of data from these 6 holes and previous drill intercepts to determine the next stage of the programme,” Mr McFadzean sai
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