THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported updated results from drilling carried out on the Myhree-Boundary Corridor at the company’s 100 per cent-owned Bulong gold project.
Black Cat Syndicate conducted the drilling to follow-up encouraging intersections encountered earlier this year to the north of Myhree.
The company has now extended Myhree a further 50 metres to the north by encountering additional shallow, thick and high grade intersections, including:
11 metres ta 8.3 grams per tonne gold from 28m; and
2m at 9.63g/t gold from 119m.
The Black Cat indicated it had made further progress along the Corridor at Boundary, where it again had earlier reported encouraging intersections of an offset position to the south of Boundary.
Extensional RC drilling conducted to the south has extended this offset position by 100m with an intersection of:
7m at 2.49g/t gold from 66m.
“These positive results show the potential of the Corridor, which has been subject to little previous exploration,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.
“We have rapidly extended Myhree by 50 metres to the north and Boundary by 100 metres to the south.
“The results show the potential for shallow, thick and high-grade mineralisation along this 1,400 metre Corridor.
“This is an exciting opportunity for Black Cat that we will continue to aggressively pursue.”