Catalina Resources (ASX: $CTN) Quarterly Activity Report highlights

Catalina Resources Ltd (ASX: $CTN) has released its Quarterly Activity Report for the period ending 31st March 2024. The report outlines the company's key achievements, including the completion of aircore drilling at the Laverton Project and the granting of the Aboriginal Heritage Impact Permit (AHIP) at the Lachlan Fold Belt Project.

Executive Commentary

In February 2024, the Company drilled 25 Aircore holes for 1,593m testing both gold and REE targets on EL38/3697. The gold targets are aligned along the interpreted strike of the Barnicoat Shear Zone, and the REE targets were associated with point source magnetic anomalies that were interpreted to be intrusions. The Company plans to conduct additional aircore drilling to follow up on the obtained results and further delineate the extent of the mineralization.

Summary

Catalina Resources (ASX: $CTN) has made significant progress in its mineral exploration and mine development projects. The completion of aircore drilling at the Laverton Project has returned anomalous gold and REE results, indicating the presence of mineralization in the area. Additionally, the granting of the Aboriginal Heritage Impact Permit (AHIP) at the Lachlan Fold Belt Project demonstrates the company's commitment to responsible and sustainable exploration practices. The company's focus on identifying and assessing exploration and early development opportunities in various mineral projects reflects its ambition to create shareholder value through successful exploration and development of prospective projects.