Black Cat Syndicate Increases Majestic Resource

THE DRILL SERGANT: Black Cat Syndicate (ASX: BC8) announced an update to the JORC 2012 Mineral Resource for the Majestic mining Centre at the company’s Kal East gold project, near Kalgoorlie in Western Australia.

Black Cat Syndicate conducted drilling at the Majestic Mining Centre in the second half of 2021 focussed on upgrading the underground Resource from Inferred to Indicated ahead of a planned maiden Ore Reserve to be released in the March 2022 quarter.

The results have increased the Underground Indicated Resource at Majestic Mining Centre by 43 per cent to 1 million tonnes at 4.5 grams per tonne gold for 143,000 ounces.

Total Resources at the Majestic Mining Centre have increased to 7.9 million tonnes at 2g/t gold for 507,000 ounces while Black Cat’s total Resources at Kal East have grown to 18.3 million tonnes at 2.2g/t gold for approx. 1.27 million ounces.

High-grade lodes in the Majestic underground remain open down plunge and will be drilled from underground positions after the commencement of mining.

“Our Resources continue to grow in size and confidence with maiden Ore Reserves expected in the March 2022 quarter,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Good progress continues with government approvals.

“The only outstanding permit required for mine development and mill construction is the tailings storage facility mining proposal, which is also anticipated this quarter.

“We expect the planned Majestic underground to be a high-grade, long term producer in the shadow of the mill.

“After mining has commenced, continued Resource growth is expected from underground drilling.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bc8.com.au

 

Web: www.blackcatsyndicate.com.au