Black Cat Syndicate Extends High-Grade Hits at Kavanagh

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) has reported further drilling results from the company’s 100 per cent-owned Coyote gold operation in Western Australia.

Black Cat Syndicate’s drilling efforts have continued to identify high-grade shear-hosted quartz mineralisation within the hinge zone of the Coyote Anticline, known as the Axial Core Zone, which hosts the Kavanagh and Speedy Resources (131,000 ounces at 10.1g/t gold).

The drilling extended mineralisation approx. 25 metres up dip from Kavanagh towards Speedy, increasing the company’s confidence that these two separate Resources may merge within this untested zone.

Results from up dip of Kavanagh include:

22CYDD009
1.2 metres at 39.33 grams per tonne gold from 400.4m and 1m at 63.7g/t gold from 410.6m.

The drilling also extended mineralisation approx. 50m down dip from Kavanagh with results including:

22CYDD007a
4.46m at 7.71g/t gold from 496.84m.

The company declared the drilling confirms and validates its new geological model and extends Kavanagh both up and down dip, demonstrating the growth potential of the high-grade Resources within the Axial Core Zone.

Diamond and RC drilling is ongoing, targeting the Axial Core Zone with 20 holes completed to date, all of which intersected quartz veins in interpreted positions.

A Mineral Resource update is expected to be completed in the current December 2022 quarter.

“These results are significant as they validate our new geology model and have demonstrated the high-grade growth potential of Kavanagh and the wider Coyote Central system into areas previously considered to be less prospective,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Two more diamond holes down plunge to the east of Kavanagh and an additional two RC holes completed between Kavanagh and Speedy have intersected quartz veining with assays pending.

“RC and diamond drilling is ongoing with additional holes testing the shrinking gap between and beyond Speedy and Kavanagh.

“A new Resource for Coyote Central will be completed in the current quarter and will include these significant results.

“We expect continued Resource growth from there with further drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.bc8.com.au