Black Cat Syndicate Encouraged by Bulong and Fingals Drilling

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) has had the RC drillbit spinning furiously at the company’s Bulong and Fingals gold projects in Western Australia.

Black Cat Syndicate completed the first 18 holes of drilling at Fingals Fortune, targeting shallow extensions to the Fingals Fortune open pit.

The company described the results as “encouraging with almost every hole intersecting multiple mineralised veins”.

Better intersections included:

20FIRC003
3 metres at 17.81 grams per tonne gold from 69m – extensional; and

20FIRC018
3m at 40.99g/t gold from 79m – extensional.

RC drilling at Myhree extended the depth of previously encountered shallow peripheral mineralisation with two deeper holes were also completed, confirming the continuation of Myhree at depth.

Results include:

20MYRC061
4m at 5.4g/t gold from 333m – extensional; and

20MYRC060
3m at 6.97g/t gold from 421m – extensional.

Deeper RC drilling results at Trump indicate this prospect to be continuous both at depth as well as along strike and remains open in every direction.

Results include:

20TRRC018
6m at 2.05g/t gold from 187m – extensional; and

20TRRC019
1m at 12.2g/t gold from 227m – extensional.

RC drilling at the Queen Margaret target encountered shallow intersections, indicating multiple vein orientations exist on the footwall contact and within the mineralised porphyry.

Intersections include:

20QMRC013
5m at 6.25g/t gold from 46m – infill;

20QMRC015
2m at 6.05g/t gold from 30m – infill;

20QMRC016
5m at 2.42g/t gold from 44m – infill; and

20QMRC017
9m at 2.74g/t gold from 43m – infill.

“Early results from Fingals Fortune are looking good and provide confidence in the potential for rapid growth of the existing Resource and extensions to the Fingals Fortune open pit,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“In addition, extensions at depth provide encouragement for the longer-term underground potential at Myhree.

“Encouragingly, Queen Margaret is also showing shallow mineralisation with numerous results confirming our reinterpretation of the footwall vein sets.

“In addition to the previously identified footwall mineralisation at Queen Margaret, these new vein sets have the potential to enhance a development scenario.

“Drilling is currently progressing at Imperial and Majestic and will be ongoing throughout 2020 with a steady flow of results followed by Resource upgrades from here on.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au