Rimrock Gold-Silver Property Update
VANCOUVER - CAT Strategic Metals Corporation announced an update on its Rimrock Gold-Silver mineral property in Midas and Hollister Mines area of Elko County, Nevada. A first-ever drone aeromagnetic survey was conducted by Zonge Geophysics of Reno, Nevada for CAT Strategic Metals. Zonge used a Drone platform to do the new survey, using 50-meter space flight lines, and coordinated using GPS servers. The data package is being interpreted while the Company has scheduled a dipole-dipole induced polarization survey be conducted in the next quarter to better define exploration targets at depth at Rimrock.
New geologic mapping and rock-chip sampling led to the discovery of 3 new gold-silver drilling targets, in addition to the "Silver Hill" and Rhombochasm" targets. CAT now has 5 exciting drilling targets to pursue in coming months.
Five prospective target areas of mineralization are present in the Rimrock claims area. There may be gold-silver systems of 3 different ages present, and none have been tested properly by previous drilling to evaluate them. Strong alteration is present in several areas, often along with chalcedonic and mercury mineralization at the surface. This indicates that the gold targets lie at depth below the ground surface, and thus likely are underground mine targets. The Western and Eastern zones have drill data from the 2007 drilling program. This program identified Paleozoic rocks beneath the volcanic pile and are mineralized, to varying degrees with precious metals, which appear to have been mineralized both by Midas-Hollister age fluids, as well as locally by Carlin-type mineralizing fluids of Eocene age, as at Silver Hill. The Rimrock project area appears to be highly prospective for the discovery of gold-silver deposits that could be attractive to 3rd-party companies for acquisition.