InvestSMART

Catalina Resources Ltd (ASX:CTN)

ALERT: Price-sensitive ASX Announcement for CTN
Current share price for CTN : $0.046 0.042 (1,050%)+
Announcement
Release
28 Aug 2025 9:43AM
Price at Release
$0.004
Full Release
download
Summary
Catalina Resources Ltd has announced the commencement of a significant drilling program at its Laverton gold halo project in Western Australia. The company plans to drill up to 4,000 metres targeting the large low-grade gold mineralization halo identified by previous exploration work. The aim is to establish the extent and continuity of mineralization and to potentially define a resource. The announcement outlines the geological context, recent sampling and exploration results, and emphasizes Catalina's commitment to advancing the Laverton project as a key growth asset. The company's exploration strategy includes further drilling, geological modeling, and resource estimation, positioning Catalina to capitalize on positive results.
Key Points
  • Catalina Resources Ltd is initiating a major drilling program at the Laverton gold halo project.
  • Up to 4,000 metres of drilling is planned to test the extent and continuity of low-grade gold mineralization.
  • Previous exploration identified a large gold halo at Laverton, prompting further detailed drilling.
  • The project is located in Western Australia, a region known for significant gold deposits.
  • The exploration program aims to define a gold resource and advance the project to the next development stage.
  • Recent sampling and geological work support the potential for economic mineralization at Laverton.
  • Catalina's strategy includes further drilling, geological modeling, and eventual resource estimation.
  • The announcement highlights Catalina's focus on delivering shareholder value through exploration success.
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.