Black Cat Syndicate Progresses Resource Infill Drilling Campaign

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) received assay results from drilling undertaken at Imperial/Majestic, part of the company’s Kal East gold project in Western Australia.

Black Cat drilled 13 diamond holes at Imperial/Majestic in late 2020 with results from the final nine holes showing multiple high-grade zones indicating strong structural continuity up to 75m below the current Resource.

The results, which will be included in the next Resource estimate, include:

0.28 metres at 30.3 grams per tonne gold from 362.94m;

1m at 13.4g/t gold from 294.2m and 0.29m at 12.1g/t gold from 301.67m;

1m at 15.9g/t gold from 147m and 0.4m at 8.53g/t gold from 345.43m and 0.25m at 9.45g/t gold from 346m and 2.16m at 5.81g/t gold from 347.45m; and

0.48m at 40.23g/t gold from 413.43m and 0.34m at 14.3g/t gold from 476.4m.

Black Cat is continuing infill drilling at Fingals Fortune, which has to date confirmed the structure and grades expected in the Resource within this large, shallow deposit.

The company has received results for 34 of 75 holes, 90 per cent of which have shown to contain mineralisation with multiple intersections in each hole.

Results will be included in a Resource update to be estimated in March 2021.

“Majestic continues to show potential for a long-life underground operation,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“The new results demonstrate continuation of the primary mineralisation approximately 75 metres below the current Resource and will be used to estimate a new Resource to be announced later in March 2021.

“The infill drilling at Fingals Fortune continues to add confidence to this large, shallow Resource, which will also be updated in late March 2021.

“With the recent option to purchase the key components of a processing facility, we are well positioned to transform into a developer in the near term.

“In the meantime, drilling will be focused on Resource growth and maiden Reserve definition.”