Four Eagles Project (Victoria)

Aircore and Diamond Drilling

Providence Gold & Minerals Pty Ltd

Under Joint Venture with Kite Gold Pty Ltd

(a subsidiary of Catalyst Metals Ltd – ASX code: CYL):


Mitiamo, 70 km north of Bendigo in central Victoria

Regional Geological Setting:

Ordovician turbidite sediments underlying 10 to 120 metres of Tertiary Murray Basin sediments.

Upright tight folds developed in turbidites due to east-west compression, with later reverse faulting leading to the development of stockwork or irregular quartz structures hosting free gold.

Target Metals:


Mineralisation setting:

Gold is found in faulted sediments with thin quartz veining, with a proximal arsenopyrite halo mineralisation

Target size:

2 million ounces contained gold

Exploration History:

No drilling prior to PGM involvement

Exploration Tools:

Structural interpretation from gravity imagery, soil sampling, AirCore drilling,  diamond drilling, RC drilling

Significant Outcomes:

AirCore drilling since March 2010 has delineated  at least 5 mineralisation trends over a 3 km width and with strike lengths exceeding 8 km

Diamond drilling shows strong gold mineralisation to occur in anticlinal structures, similar to those at Bendigo.  But rather than occurring in massive quartz veins, gold appears to be hosted by bedding-parallel fault zones in close proximity to the anticlinal fold axes.  Correlations between duplicate samples and different assay techniques point to evenly disseminated gold occurring in grades to around 3 gm/t.  Coarse gold appears to give outstanding gold assays to 152 g/t

Successfully joint ventured to Hancock Prospecting Pty Ltd, whereby HPL contribute over $2m pa to earn up to 50% of the project within 2 years.  EMS has since withdrawn from this project.


Potential to host a number of parallel mineralised structures up to 10 km long, thus approaching dimensions similar to the mineralised footprint at Bendigo


Continuing exploration.

See announcements to ASX by Catalyst Metals Ltd