Black Cat Syndicate Identifies New Lode at Trump North

THE DRILL SERGEANT: Black Cat Syndicate (ASX BC8) has set a cracking pace in terms of drilling activity at the company’s Bulong gold project in Western Australia.

Black Cat Syndicate released results from its recent drilling activity that included the intersection of a new Lode at the Trump North target.

The company said the intersection of the new lode at Trump North, 300 metres north of Trump, had confirmed the Trump Corridor extends over 1,100m.

Results include:

4 metres at 13.46 grams per tonne gold from 50m – Trump North;

5m at 2g/t gold from 72m – Trump North; and

2m at 10.14g/t gold from 64m – Trump.

Other activities included extensional drilling at the Myhree and Boundary targets, which the company said had also confirmed continuous mineralisation along that particular 1,650m corridor which remains untested beyond the drilled extents.

New results include:

6m at 7.58g/t gold from 268m – Myhree;

3m at 2.96g/t gold from 266m – Myhree;

1m at 26g/t gold from 92m – SAM Target 2;

5m at 3.35g/t gold from 53m – Boundary; and

2m at 5.47g/t gold from 138m – SAM Target 1.

Black Cat indicated it now has Resource upgrades underway for both Trump and Boundary with results to be reported later in September 2019.

Additional Sub-Audio Magnetics (SAM) surveys to extend the Myhree-Boundary corridor two kilometres north and 1.5km south are underway, with field work complete and processing in progress.

Feasibility studies have commenced at the Myhree deposit with metallurgical testwork and geotechnical studies in progress.

Exploration RC drilling of targets in the Greater Woodline area will commence in early October 2019.

“We are continuing to infill and extend the known Resources at Bulong which will add to our current feasibility studies,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“The deeper strike extensions at Myhree provide further confidence in the Resource that is the focus of the feasibility study.

“Using the results of SAM surveys, it is exciting to find new lodes close to our potential mining operations.

“Results at Trump North show that the western most of the three mineralised corridors continues to the north with excellent potential to add to future Resources.

“We expect the results of an additional 3.5 kilometres of SAM surveys along these corridors to also highlight additional targets.

“Following completion of a recent SAM survey, drilling of numerous high priority targets will commence at Greater Woodline in October 2019.

“Greater Woodline remains under-explored and a significant opportunity for Black Cat.”