THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) claimed to intersect a potential new lode while drilling at the company’s Bulong gold project In Western Australia.
Black Cat Syndicate informed the market that recent extensional drilling at Myhree intersected a new, unmodelled zone of mineralisation under the southern part and to the east of the current Resource.
The hole ended in mineralisation returning an intercept of:
10 metres at 2.77 grams per tonne gold from 190m, the hole ended in mineralisation.
The company anticipates follow up drilling of this new zone, which remains open in all directions, will occur in early October 2019.
The company’s latest round of infill drilling also intercepted strong results at the southern edge of Myhree, confirming shallow mineralisation with results including:
22m at 3.21g/t gold from 1m, including 9m at 4.26g/t gold from 11m;
4m at 2.55g/t gold from 12m, and 5m at 1.48 g/t gold from 46m; and
2m at 3.77g/t gold from 56m, and 2m at 4.42g/t gold from 62m.
Other Resource infill drilling at Myhree returned:
2m at 5.59g/t gold from 32m; and
4m at 2.48g/t gold from 61m.
Black Cat also carried out drilling at the Trump prospect that intersected high-grade mineralisation, further underlining the importance of this deposit which runs parallel to Myhree.
3m at 8.32g/t gold from 66m.
Black Cat has Trump and Boundary Resource upgrades currently underway with results expected to be reported late September 2019.
Exploration RC drilling in the Greater Woodline area will commence in early October 2019.
“The discovery of a potential new lode at Myhree is an exciting emerging development for Black Cat,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.
“The potential new lode sits below our current Resource and 100 metres below known mineralisation.
“At depth, the nearest mineralisation is 100 metres to the north with no drilling in between.
“This result fits well with current interpretations of the geology and of a fault offsetting the mineralisation.
“There is now a possibility of Myhree continuing to the south and drilling in this southern area will be fast-tracked.
“In addition, the current phase of infill drilling at Myhree is effectively complete and is consistent with expectations.
“Results at Trump are also pleasing in terms of the potential impact on Resource upgrades.
“Trump remains under drilled with numerous open targets to test in the near future.”