Catalina Resources Limited Completes 711m RC Drilling at Laverton Project with Promising Gold and REE Targets Ahead of Assay Results
Tuesday, July 22, 2025
at
9:24 am
Catalina Resources Limited has completed reverse circulation drilling at its Laverton Project near the Mt Weld Rare Earth Element mine. The company now awaits gold and REE assay results and plans further drilling, highlighting an intriguing opportunity for beginner traders interested in emerging resource plays.
Catalina Resources Limited has announced the successful completion of reverse circulation drilling at its 100%-owned Laverton Project in Western Australia. The drilling program, which spanned 711 metres across five holes, targeted both gold and rare earth element mineralisation near the prominent Mt Weld Rare Earth Element Mine. Assay results for gold and Total Rare Earth Oxides (TREO) are pending following the submission of samples to the laboratory.
This latest drilling effort builds on promising exploration results at the Laverton Project. Previous aircore drilling yielded a notable gold intercept of 28 metres at 1.09 g/t Au, as well as a high-grade rare earth intersection exceeding 1% TREO. These technical indicators highlight the dual-target potential of the site, positioning the project as a compelling opportunity for future exploration and development in both the gold and rare earth sectors.
Plans are underway to initiate a follow-up drilling program once the assay results are received and evaluated. Catalina Resources Limited is advancing its strategy by leveraging its strategic location and earlier exploration success, while also navigating the inherent risks detailed in its forward-looking statements.
From a bullish perspective, the successful completion of the drilling and the project's strong historical intercepts provide optimism about the potential for significant mineral discoveries. The dual focus on gold and rare earth elements adds diversification and resilience to the project’s prospects. Conversely, the bearish view centers on the uncertainty inherent in pending assay outcomes and the broader risks associated with exploration activities. Investors are cautioned by the usual market volatility and the unpredictable nature of mineral exploration despite positive technical indicators.