THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported on recent activities at the company’s Bulong gold project in Western Australia.
Recent RC drilling undertaken at the Myhree prospect returned numerous zones of shallow, thick, high-grade mineralisation.
Holes were drilled to infill shallow parts of the Resource ahead of potential open pit mining operations.
8 metres at 26.43 grams per tonne gold from 55m
10m at 5.6g/t gold from 10m
6m at 7.69g/t gold from 27m
10m at 4.12g/t gold from 28m
5m at 8.19g/t gold from 5m
6m at 6.6g/t gold from 24m
Black Cat has now received all approvals for the Myhree Stage 1 Open Pit, meaning the company now has full approval to commence the first stage of open pit mining at Bulong.
Details on potential mining at Myhree will be incorporated in the Myhree Feasibility Study, due in the September 2020 quarter.
“The continued shallow, high-grade results bode well for early cashflow from potential mining operations at Myhree,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.
“These results infill the existing Resource and are among the best widths and grades to date.
“This is testament to the robust nature of the Myhree deposit.
“In addition, an important step in our objective to develop Bulong has been achieved with the full approval of the Stage 1 Open Pit at Myhree.
“We also saw some encouragement from an east-west structure at Myhree and 600 metres north of Trump north that requires follow up.
“RC drilling to further test and extend these areas will recommence during August 2020.
“In the meantime, diamond drilling of the deeper Mhyree mineralisation, is currently underway.”
TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE