Black Cat Syndicate Back Out Drilling at Bulong

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) informed the market it has resumed RC drilling has resumed at the company’s Bulong gold project in Western Australia.

Black Cat Syndicate said the recommenced RC drilling would now continue until mid-December 2019.

The drilling has been charged with objectives that include extensional RC drilling on the potential south-east extension of Myhree, known as the Myhree Southern Offset Target that was previously intersected returning 10 metres at 2.77 grams per tonne gold.

The program will include infill RC drilling at Myhree with the aim of converting Inferred Resource to Indicated.

Additional extensional RC drilling at the Trump North prospect will follow up and extend an earlier intersection of 4m at 13.46g/t gold and will hope to further delineate the 1,100m long Trump Corridor.

RC drilling will test historic high-grade intercepts at Anomaly 38, including 2m at 47.6g/t gold and exploration drilling at Greater Woodline will test drill ready targets the company identified by way of a recently interpreted Sub-audio Magnetic (SAM) survey, soil anomalies and historic drilling being Woodline and Fenceline.

Black Cat recently announced recent diamond drilling results from Myhree of:

1.5m at 335.96g/t gold from 52.2m; and

4.74m at 5.99g/t gold from 166.3m.

The company signalled additional diamond drilling will commence in November 2019 targeting core for comminution testwork along with geotechnical information around the perimeter of the potential open pit.

“The rig is back onto the potential offset position at Myhree which has significant upside potential,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“If we see more signs that Myhree continues to the south, we will look for additional rigs so that we can accelerate Resource definition work ahead of our Feasibility Study work and still drill the many other high priority targets like Anomaly 38.”

Between now and December, Black Cat aims to conduct ongoing Feasibility Study activities including geotechnical and metallurgical testwork, optical televiewer data interpretation, hydrological, hydrogeological and environmental studies and additional geotechnical and metallurgical drilling.

It will also carry out drilling of priority SAM targets in the Greater Woodline area.

The company anticipates completion of the Feasibility Study in the June 2020 quarter, at which time it hopes to be able to make a decision to mine at Myhree/Trump.