Black Cat Syndicate Drills High-Grade Infill and Extensions at Kavanagh

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) recently completed drilling at the company’s 100 per cent-owned Coyote gold operation in Western Australia.

Black Cat Syndicate has received assays for the first of what is an initial nine-hole diamond drilling program testing the mineralisation continuity and growth potential of the high-grade, unmined Kavanagh deposit.

Kavanagh currently has an estimated Resources of 77,000 ounces at 13.5 grams per tonne gold.

Assay results from the first infill diamond hole include:

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2.48 metres at 10.35 grams per tonne gold from 426.38m, and 0.8m at 17.1g/t gold from 434.4m.

The company explained this to be the first of four holes drilled at Kavanagh to date, all of which intersected quartz veining in the interpreted positions and two of the holes containing visible gold.

“The first four holes drilled into Kavanagh were designed to infill the high-grade mineralisation to upgrade the Kavanagh Resource,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“It is encouraging that all four holes intersected quartz structures where modelled, including visible gold in two holes.

“New assays from a historic hole along strike to the east of Kavanagh are particularly encouraging showing the growth potential of the deposit.

“At Coyote if you intersect a quartz lode there is a good chance that high-grade gold mineralisation is nearby.

“Our success to date allows us to progress to the next phase and commence drilling extensional holes to grow Kavanagh.

“Results from this initial diamond drilling campaign will be used to upgrade and expand the Kavanagh Resource during December 2022.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.blackcatsyndicate.com.au