Black Cat Syndicate Encouraged by Drill Results from Fingals East and Trump Deposits

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) completed a busy week of announcements by reporting on recent RC drilling at the Trump and Fingals East depoits, both part of the company’s Kal East gold project in Western Australia.

Black Cat Syndicate drilled 28 infill RC holes at Trump in February 2021, which is planned to be mined in conjunction with the Myhree deposit.

Black Cat said results have confirmed high grades around the core of Trump and will be included in the next Resource upgrade.

These include:

6 metres at 11.93 grams per tonne gold from 25m;

3m at 13.14g/t gold from 49m; and

3m at 8.66g/t gold from 57m.

The company’s first drilling along the Fingals East was aimed at extending mineralisation beyond historically mined pits with results demonstrating potential for a maiden Resource at Fingals East.

Intercepts include:

3m at 14g/t gold from 78m;

2m at 9.59g/t gold from 72m; and

1m at 14.2g/t gold from 65m.

“Drilling at Trump was designed to confirm high grade mineralisation identified in previous drilling and upgrade the Resource category around the proposed open pit, which is planned to be mined in conjunction with Myhree,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“The results are encouraging and Trump remains open to the north.

“Importantly, the high grades continue at depth where a lack of drilling constrains the Resource.

“Our first program at Fingals East was focused around several historical oxide pits mined in the early 1990s.

“The encouraging results support a maiden Resource which is expected in April 2021.

“Drilling is ongoing and will continue to focus on resource growth.

“With the option to purchase key components of a processing facility now exercised, we are well positioned to transform into a developer in the near term.”