Black Cat Syndicate Continues Fingals Find Expansion

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported on extensional and infill drilling underway at the Fingals Fortune deposit, part of the company’s Kal East gold project in Westrn Australia.

Black Cat Syndicate is conducting the drilling program at Fingals Fortune with a view to expand and upgrade JORC 2012 Mineral Resources.

The drilling has demonstrated Fingals Fortune continues to expand laterally and at depth with the deepest mineralised intersections to date to the south.

Mineralisation is open in all directions and follow up drilling is ongoing.

Intersections to date include:

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5 metres at 5.63 grams per tonne gold from 172m;

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3m at 6.93g/t gold from 29m;

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4m at 3.89g/t gold from 155m; and

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3m at 5.02g/t gold from 90m.

“The case for a significant open pit at Fingals Fortune continues to grow,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Drilling has shown that mineralisation continues to be found outside of the current Resource and in every direction.

“Importantly, seeing high grades at depth opens up potential for underground mining beyond the expanded open pit.

“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, with production commencing late 2021.

“The latest drilling will be included in our program of ongoing Resource upgrades.

“Fingals Fortune is a key focus for the company and an updated Resource and Scoping Study remains on track for January 2021.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au