Black Cat Syndicate Maintains Pace at Speedy Deposit
THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported further high-grade gold hits from the company’s 100 per cent-owned Coyote gold operation near the Northern Territory border in northern Western Australia.
Black Cat Syndicate said assays for the first eight holes of a planned 37 hole RC drill program at the shallow, high grade Speedy deposit show every hole has intersected gold mineralisation in the targeted position and assay results are typical of what has been seen previously at Speedy.
New RC drilling assay results received include:
22CYRC0002
3 metres at 29.43 grams per tonne gold from 82m;
22CYRC0008
6m at 8.33g/t gold from 152m;
22CYRC0004
2m at 4.41g/t gold from 177m; and
22CYRC0005
1m at 11.4g/t gold from 100m.
“Every hole assayed to date at Speedy has intersected high-grade gold where we expected,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.
“These results validate the quality of the high-grade Resource at Speedy as well as our targeting strategy.
“Drilling at Kavanagh is also shaping up well.
“All holes drilled to date have intersected mineralised quartz veins in the predicted positions with visible gold in two of the holes.
“Both Speedy and Kavanagh have strong potential for Resource growth and discovery beyond the currently defined zone of mineralisation.
“Extensional and infill drilling will continue throughout 2022 as we begin to unlock the potential of this region.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@bc8.com.au
Web: www.blackcatsyndicate.com.au