THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported assay result from recent drilling undertaken on the company’s Fingals and Bulong gold projects in Western Australia.
The latest drilling activity entailed RC drilling at the Jones Find and Imperial/Majestic target, both part of the Fingals gold project and diamond drilling at Myhree on the Bulong gold project.
Black Cat’s maiden drilling program at Jones Find intersected thick, shallow zones of mineralisation returning high grades
Jones Find is one of a number of areas at Fingals that contain known historical mineralisation, and which Black Cat considers to have potential for JORC 2012 Mineral Resources growth.
The initial program comprised 22 holes with results including:
13 metres at 4.98 grams per tonne gold from 30m;
13m at 2.38g/t gold from 26m; and
12m at 1.41g/t gold from 62m.
One kilometre away, at Imperial/Majestic 14 RC holes were drilled targeting deposit extensions, returning encouraging results with multiple gold zones identified and a number of high-grade intersections, including:
5m at 5.04g/t gold from 71m;
10m at 3.36g/t gold from 57m; and
8m at 3.55g/t gold from 174m.
At Myhree, Black Cat drilled six diamond holes for geotechnical assessment of underground mining beneath the potential open pit.
These holes intersected high-grade lodes including:
3.68m at 9.35g/t gold from 196.94m; and
3.34m at 9.74g/t gold from 186.83m.
“Since acquiring Imperial/Majestic in July 2020, we have planned to test the adjacent areas where historic drilling demonstrated extensive mineralisation that had not been converted to Resource,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.
“Jones Find is one such area and these results provide even more encouragement to drill other adjacent mineralised zones.
“Black Cat is targeting Resources of greater than one million ounces to provide genuine scale.
“The Resource base is currently approx. 884,000 ounces.
“Thick, shallow, high-grade results from our initial drilling at Jones Find and Imperial/Majestic are encouraging and demonstrate the potential to rapidly grow Resources in and around Imperial/Majestic.
“Drilling at Myhree targeted deeper parts of the mineralised system in order to evaluate underground mining potential.
“The results further confirm the underground potential at Myhree once potential open pit mining is complete.
“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 feed ahead of it.
“The latest drilling will be included in our program of ongoing Resource upgrades.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE