Catalina Resources ASX CTN Advances Phase 1 Drilling at Evanston Gold Project
Catalina Resources Limited has taken a significant step forward in its exploration plans with the commencement of its Phase 1 reverse circulation (RC) drilling program at the Evanston Gold Project in Western Australia. The campaign is focused on systematically testing high-priority gold targets within the Evanston corridor, aiming to build a clearer understanding of the project’s mineralisation potential.
Phase 1 RC Drilling Program Underway
Catalina Resources has launched its Phase 1 reverse circulation (RC) drilling program at the Evanston Gold Project in Western Australia, marking an important advancement in its Central Yilgarn exploration strategy. The campaign targets several high-priority zones along the Evanston corridor, including Leghorn, Viper South, and T1B.
Scope of the Drilling Campaign
The Phase 1 program consists of approximately 36 RC holes totalling around 5,670 metres, with completion expected by late December 2025. The drilling is designed to evaluate key structural and geochemical targets defined through historic work and recent geological modelling. Previous drilling in the area has delivered promising results, such as 48 metres at 0.67 g/t gold and 33 metres at 0.3 g/t gold from surface.
Sampling and Assay Progress
Continuous sampling is being carried out from surface to end-of-hole, ensuring comprehensive analysis across each drill section. The initial batch of samples has already been dispatched for PhotonAssay testing at ALS Kalgoorlie, providing rapid and reliable insights into gold mineralisation.
Next Steps: Mobilisation to Yerilgee Project
Upon completion of the Evanston drilling, Catalina will move its resources to the nearby Yerilgee Project. Exploration efforts there will focus on testing gold-in-soil anomalies and banded iron formation hosted mineralisation. Previous drilling at Yerilgee has yielded strong results, including 17 metres at 4.1 g/t gold, highlighting the project’s potential.
Company Outlook and Strategy
Executive Director Ross Cotton emphasised that the Phase 1 program represents a critical test of Catalina’s highest-priority targets. The results will assist in refining the geological model for Evanston and evaluating the scale of the mineralised system. Cotton reiterated the company’s commitment to disciplined, data-driven exploration aimed at creating long-term value for shareholders.
Advancing Exploration in the Central Yilgarn
The launch of Phase 1 drilling at Evanston underscores Catalina Resources’ strategic push to advance its exploration portfolio. With systematic testing and geological refinement underway, the company continues to position itself for potential new gold discoveries across the Central Yilgarn region.
Disclaimer:
General Financial Product Advice and Regulatory Framework: Pristine Gaze Pty Ltd (ABN 66 680 815 678, ACN 680 815 678) operates as Corporate Authorised Representative (CAR No. 001312049) of Alpha Securities Pty Ltd (AFSL 330757), which is licensed and regulated by the Australian Securities and Investments Commission under the Corporations Act 2001 (Cth). This report contains general financial product advice only and has been prepared without consideration of your personal objectives, financial situation, specific needs, circumstances, or investment experience. The information is not tailored to individual circumstances and may not be suitable for your particular situation. Before acting on any information contained herein, you should carefully consider its appropriateness having regard to your personal objectives, financial situation, and needs, and consider seeking personal financial advice from a qualified financial adviser who can assess your individual circumstances and provide tailored recommendations.
Investment Risks and Market Warnings: All investments carry significant risk, and different investment strategies may carry varying levels of risk exposure including total loss of invested capital. The value of investments and income derived from them can fluctuate significantly due to market conditions, economic factors, company-specific events, regulatory changes, commodity price volatility, currency fluctuations, interest rate movements, and other factors beyond our control. Securities markets are subject to market risk from general economic conditions and investor sentiment, liquidity risk affecting the ability to buy or sell securities at desired prices, credit risk from issuer default or deterioration, operational risk from inadequate internal processes, sector-specific risks including industry regulatory changes, technology obsolescence, management changes, competitive pressures, supply chain disruptions, and mining-specific risks including resource estimation uncertainty, operational hazards, environmental compliance, permitting delays, commodity price cycles, geopolitical factors affecting mining operations, and exploration risks. Small-cap and speculative mining stocks carry additional risks including limited liquidity, higher volatility, dependence on key personnel, limited operating history, uncertain cash flows, and potential failure to achieve commercial production.
Information Accuracy and Limitations: While we endeavour to ensure information accuracy and reliability, we make no representations or warranties (express or implied) regarding the accuracy, reliability, completeness, timeliness, or suitability of information provided, except where liability cannot be excluded under applicable law. This report may include information from third-party sources including company announcements, regulatory filings, research reports, market data providers, financial news services, and publicly available information, which we do not independently verify and for which we assume no responsibility. Past performance, examples, historical data, or projections are not indicative of future results, and no guarantee of future returns is provided or implied. To the maximum extent permitted by law, Pristine Gaze Pty Ltd and Alpha Securities Pty Ltd, together with their respective directors, officers, employees, representatives, and related entities, exclude all liability for any errors, omissions, inaccuracies, loss or damage (including direct, indirect, consequential, or special damages) arising from reliance on information provided, investment decisions made based on this report, market losses, opportunity costs, and technical issues or system failures.
