Black Cat Syndicate Increases Jones Find Resource

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) has increased Resources at the Jones Find deposit, part of the Majestic Mining Centre within the company’s Kal East gold project near Kalgoorlie in Western Australia.

Black Cat has increased the Resource at Jones Find by 67 per cent, taking it to 1.3 million tonnes at 1.3 grams per tonne gold for 55,000 ounces, from the maiden Resource estimate.

This includes a 47 per cent upgrade of the Resource to Indicated category (532,000 tonnes at 1.5g/t gold for 26,000 ounces).

Jones Find is located within 1.5 kilometres of the company’s planned 800,000 tonnes per annum processing facility at the Majestic Mining Centre.

“Jones Find is ideally positioned within 1.5 kilometres of our planned processing facility,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Mining studies are underway on this deposit, which also has long term strategic value as low-cost tailings storage.

“The ongoing growth of this Resource is also encouraging for many other targets we have identified in the area.

“Drilling has already commenced on several of these as the likelihood of future mining is increased given the proximity of the potential milling infrastructure.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bc8.com.au

 

Web: www.blackcatsyndicate.com.au