Black Cat Syndicate Scores Big Gold Hit at Fingals Mining Centre

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) announced enviable RC drilling results from Fingals Fortune, part of the Fingals Mining Centre, within the company’s Kal East gold project in Western Australia.

Black Cat Syndicate received assays from a further 25 holes of the 96-hole infill program that was designed to upgrade the Resource in areas of lower drill density.

Results have already demonstrated areas of high grades along the (down dip) western side of the planned Stage 1 open pit, in both potential open pit and underground positions.

The most recent results include:

21FIRC042
6 metres at 75.57 grams per tonne gold from 49m, including 3m at 142g/t gold from 50m;

21FIRC053
2m at 19.96g/t gold from 106m;

21FIRC035
3m at 8.97g/t gold from 111m;

21FIRC062
5m at 4.69g/t gold from 33m; and

21FIRC033
7m at 2.23g/t gold from 86m.

Black Cat Syndicate indicated all results will be incorporated into a Resource upgrade to be released in April 2021.

The main Fingals Fortune deposit remains open in all directions and at depth.

“The Fingals Mining Centre has the potential to contain a significant two stage open pit with an underground mine at depth plus additional nearby satellite pits,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“Accordingly, it is expected that this area will be a substantial oxide feed source for our future operations.

“The Fingals Fortune deposit hosts pockets of much higher-grade material that should provide upside on mining.

“Some of the best intercepts at Fingals Fortune are in the deepest parts of the Resource which support underground mining at the conclusion of surface mining.

“Our recent milling facility acquisition and progress on sourcing the other key components of a processing facility, position Black Cat as a near-term producer.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au