Black Cat Syndicate Declares Coyote One of Australia’s highest-grade deposits

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) provided an updated JORC 2012 Mineral Resource at Coyote Central, part of the company’s 100 per cent-owned Coyote Gold Operation in Western Australia

Black Cat has completed the first combined Resource over Coyote Central since 2008 that has increased the total Resources at the Coyote Gold Operation by 32 per cent from 488,000 ounces at 5.1 grams per tonne gold to 645,000 ounces at 5.5g/t gold.

Total Indicated Resources increased 105 per cent from 150,000 ounces at 3.8g/t gold to 307,000 ounces at 5.3g/t gold.

The underground Resource at Coyote Central increased to 356,000 ounces at 14.6g/t gold (51% Indicated), making Coyote Central one of the highest-grade deposits in Australia.

“With our new geology model and just five months of drilling, we have demonstrated that Coyote Central is one of the highest-grade underground deposits in Australia, containing 356,000 ounces at 14.6 grams per tonne gold,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“We have also substantially increased the total Coyote Central Resource to 424,000 ounces at 8.8 grams per tonne gold, with average ounces per vertical metre of greater than 1,000 ounces.

“Furthermore, the new Resource currently extends to 400 metres below surface even though there is known mineralisation down to 700 metres and remains open beyond that.

“We expect to further extend the Resource with additional drilling.

“It is exciting to have already demonstrated the grade and scale potential of Coyote within such a short period of time.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE