Black Cat Syndicate Confirms Scale Potential of Fingals Fortune Gold Deposit

THE DRILL SERGEANT: Black Cat Syndicate’s (ASX: BC8) confidence in the Fingals Fortune deposit, part of the company’s Kal East gold project continues to grow.

Black Cat Syndicate believes Fingals Fortune is shaping up as a potential large pit that currently remains open in all directions and at depth.

The company released details of its 2020 drilling campaigns that included extensional and infill drilling that produced results it considers to have confirmed the Fingals Fortune potential.

The results included extensional results from a deeper high-grade zone in the south that, again, highlights future underground potential.

With all results from 2020 now in, Black Cat anticipates them contributing to a new JORC 2012 Mineral Resources later in January 2021.

Better intersections from the drilling include:

2.49 metres at 12.43 grams per tonne gold from 170.11m; – extensional

5m at 6.43g/t gold from 202m; – extensional

3m at 5.76g/t gold from 65m; and – infill

4m at 4.7g/t gold from 52m. – extensional

“Fingals Fortune is shaping up as a potential large pit which remains open in all directions and at depth and is a key focus for Resource growth and scale,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“We are also seeing the potential for underground mining to the south where diamond drilling shows a clear mineralised structure.

“This structure runs parallel to a line of historic shafts that extend over 750 metres and form part of a 1.2 kilometres mineralised trend beyond the current Resource.

“Furthermore, extensional drilling is planned to test mineralised trends that extend 1.2 kilometres to the north-west and a 1.4 kilometres long trend to the east of Fingals Fortune.

“Work will also be undertaken around encouraging intersections at the historic tailings storage facility which may not have seen adequate sterilisation.

“We are looking for Fingals Fortune to underpin our proposed mining operations well into the future.

“A new Resource over Fingals Fortune will be released in late January 2021.

“The latest drilling supports our aim to define one million ounces of Resource and have a wholly owned processing facility with at least three years Ore Reserves ahead of it.

“The latest drilling will be included in our program of ongoing Resource upgrades and mining studies.”