Black Cat Syndicate Reports Drill Results from Kal East and Coyote
THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) had a busy week on the boards with announcements emanating from the company’s Kal East gold project near Kalgoorlie and the Coyote gold operation located on the Western Australia side of the WA/NT border.
The first announcement dealt with final assay results from grade control drilling undertake on the Myhree open pit within the Kal East gold project.
Black Cat said the results had reinforced the Myhree open pit high-grade open pit Ore Reserve of 0.6 million tonnes at 2.4 grams per tonne gold for 46,000 ounces from within the open pit Resource of 0.7 million tonnes at 2.9g/t gold for 65,000 ounces.
The new results included:
22MYGC064
4 metres at 17.47 grams per tonne gold from 46m; and
22MYGC056
4m at 11.62g/t gold from 30m.
The company said the results demonstrate mining can commence at Myhree either as part of a toll treatment arrangement or as the first open pit to be developed once the Kal East processing facility is constructed.
Discussions about potential toll treatment options are ongoing.
“The final assay results from grade control at Myhree have returned more high grades and demonstrate the robust nature of this shallow open pit,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Black Cat’s second release for the week focused on infill and extensional RC drilling at the Speedy deposit within the Coyote gold operation.
A total of 15 RC holes have been completed at the Speedy deposit, from which the first two holes returned high-grade gold results consistent with what the company expected.
The mineralised zones are as modelled by Black Cat and sit on the northern limb of the deposit.
Latest results include:
22CYRC007
1m at 9.97g/t gold from 131m, and 4m at 17.65g/t gold from 161m; and
22CYRC0006
1m at 12.7g/t gold from 94m, 1m at 6.53g/t gold from 154m, and 1m at 13.3g/t gold from 162m.
“The first results from our initial RC drilling at Speedy are encouraging with mineralised structure in line with what we expected and in the modelled location,” Solly, said:
“So, we’ve got ‘our eye in’ early and will be looking to upgrade and extend the Resource at Speedy from the current drilling.
“The next round of drilling results are highly anticipated.
“Likewise, the diamond core into Kavanagh also shows mineralised structures in the predicted locations with visible gold.
“Both Speedy and Kavanagh have strong potential for Resource growth and extensional and infill drilling will continue throughout 2022.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@bc8.com.au
Web: www.blackcatsyndicate.com.au