Black Cat Syndicate Continues Bulong Gold Mineralisation Run

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) has been busy of late at the company’s Bulong gold project, east of Kalgoorlie in Western Australia.

Black Cat Syndicate announced a maiden JORC 2012 Mineral Resource Estimate at Bulong in February totalling 1.4 million tonnes at 2.5 grams per tonne gold for 109,000 ounce of gold.

Recent activity at Bulong included the first 2019 drilling program designed to extend Resources at the Boundary, Myhree and Trump deposits.

Drilling at Myhree was designed to test the high-grade plunge component to the mineralisation as well as shallow holes to test the north of the deposit.

In total, four holes were drilled returning best results of:

19MYRC001
7 metres at 4.25 grams per tonne gold from 152m;

19MYRC001
2m at 4.75g/t gold from 170m; and

19MYRC004
3m at 1.73g/t gold from 62m.

RC drilling at Boundary aimed to extend mineralisation to the south and to test for a potential new parallel lode to the east of Boundary South.

The program consisted of six holes that followed on from recent diamond drilling.

Best results from Boundary included:

19BORC001
5m at 2.52g/t gold from 57m (Boundary South);

19BORC003
1m at 4.08g/t gold from 90m (Boundary South); and

19BORC005
1m at 3.47g/t gold from 63m (Potential new lode east of Boundary South).

RC drilling undertaken at Trump consisted of six holes that extended the zone of continuous mineralisation at Trump an additional 100m to the north.

“All of these drill results sit outside our current Resource models and show that we are on track to substantially increase Resources during 2019,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“All Resources remain open along strike and at depth.

“Our next extensional drilling program is imminent.

“Particularly pleasing is the depth extension at Myhree.

“Myhree continues to deliver thick high-grade intersections.

“The current optimised pit shells at Myhree and Trump sit only 50 metres apart.

“Expanding the size of any potential pit at Myhree may well benefit the economics of open pit mining at Trump.”

 

Email: admin@blackcatsyndicate.com.au

Website: www.blackcatsyndicate.com.au