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Black Cat Syndicate Gains Myhree Stage 1 Pit Approval

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported on recent activities at the company’s Bulong gold project in Western Australia.

Recent RC drilling undertaken at the Myhree prospect returned numerous zones of shallow, thick, high-grade mineralisation.

Holes were drilled to infill shallow parts of the Resource ahead of potential open pit mining operations.

Results include:

20MYRC043
8 metres at 26.43 grams per tonne gold from 55m

20MYRC030
10m at 5.6g/t gold from 10m

20MYRC032
6m at 7.69g/t gold from 27m

20MYRC042
10m at 4.12g/t gold from 28m

20MYRC040
5m at 8.19g/t gold from 5m

20MYRC044
6m at 6.6g/t gold from 24m

Black Cat has now received all approvals for the Myhree Stage 1 Open Pit, meaning the company now has full approval to commence the first stage of open pit mining at Bulong.

Details on potential mining at Myhree will be incorporated in the Myhree Feasibility Study, due in the September 2020 quarter.

“The continued shallow, high-grade results bode well for early cashflow from potential mining operations at Myhree,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“These results infill the existing Resource and are among the best widths and grades to date.

“This is testament to the robust nature of the Myhree deposit.

“In addition, an important step in our objective to develop Bulong has been achieved with the full approval of the Stage 1 Open Pit at Myhree.

“We also saw some encouragement from an east-west structure at Myhree and 600 metres north of Trump north that requires follow up.

“RC drilling to further test and extend these areas will recommence during August 2020.

“In the meantime, diamond drilling of the deeper Mhyree mineralisation, is currently underway.”

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

Black Cat Syndicate Encounters High-Grade Diamond Drilling Intersections at Myhree

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) followed up its Fingals and Rowe’s Find acquisition by releasing drilling results from the company’s Bulong gold project near Kalgoorlie in Western Australia.

Black Cat Syndicate recently completed recent diamond drilling at the project’s Myhree deposit that intersected numerous zones of high-grade mineralisation.

Six holes were drilled into the lower parts of the Myhree system to infill mineralisation at depth for conversion of Inferred Resource to Indicated, while also providing additional core samples for geotechnical and metallurgical test work.

Assay results include:

20MYDD002
6.45m at 9.43 grams per tonne gold from 228.51m

20MYDD003
1.99m at 8.3g/t gold from 242.43m
7.3m at 3.3g/t gold from 265.46m

20MYDD007
0.85m at 13.55g/t gold from 129.48m
3.05m at 5.72g/t gold from 134.11m
1.97m at 11.68g/t gold from 155.06m

20MYDD008
2.47m at 13.62g/t gold from 84.38m
2.14m at 21.03g/t gold from 95.06m
0.94m at 22.35g/t gold from 99.34m

20MYDD0010
2.38m at 4.55g/t gold from 144.10m
1.77m at 4.61g/t gold from 151.02m
4.66m at 6.58g/t gold from 191.69m

Black Cat declared the results from these holes demonstrate high-grades continue in predictable positions with all holes hitting multiple mineralised zones as anticipated.

The company has additional diamond holes underway to test deeper in the mineralised system.

“Myhree continues to deliver strong results, with high-grade intersections consistent with previous drilling as per our expectations,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“The geotechnical results and positive gold assays will be fed into the Myhree mining study.

“The recent RC drilling at Bulong has also now been completed and assays are expected in mid-July 2020.

“Additional diamond holes are currently being drilled at Myhree with results due in late August 2020.

“RC drill planning on priority targets at Fingals is now underway and will be announced in July 2020.”

 

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

Black Cat Syndicate Completes Fingals and Rowe’s Find Acquisition

THE BOURSE WHISPERER: Black Cat Syndicate (ASX: BC8) announced completion of the acquisition of a 100 per cent interest in the Fingals and Rowe’s Find gold projects, located outside of Kalgoorlie in Western Australia.

Black Cat Syndicate has purchased the projects from Silver Lake Resources (ASX: SLR) for $50,000 in cash and the issue of approx. 8.4 million fully paid ordinary shares in Black Cat, making Silver Lake a substantial shareholder in Black Cat.

Fingals and Rowe’s Find have increased Black Cat’s total JORC Mineral Resources by 145 per cent, however because a substantial portion of these are JORC 2004-compliant, the company needs to convert them to JORC 2012-compliancy before publishing.

“We are extremely pleased to have completed this transformational acquisition and welcome Silver Lake as our largest shareholder,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“With the acquisition of Fingals and Rowe’s Find completed, we will now focus on converting the JORC 2004 Resources to JORC 2012 Resources, updating the JORC 2012 Resources and identifying our immediate drilling priorities.

“We will commence releasing the results of this work later in July 2020.”

With the completion of this acquisition, Black Cat will control 281 square kilometres of prospective tenements to the east of Kalgoorlie.

The three main project areas include:

Bulong, which comprises some 140sqkm located 25 km east of Kalgoorlie, covering advanced projects undergoing mining studies along with early stage exploration opportunities;

Fingals comprises around 100sqkm located approx. 30km south east of Bulong and contains multiple Resources and extensive areas of historic mining and has seen only limited modern exploration; and

Rowe’s Find that comprises approx. 41sqkm located near 100km east of Bulong and hosts the JORC 2004 component of the Resources, as well as drill ready targets.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@blackcatsyndicate.com.au

Web: www.blackcatsyndicate.com.au

 

Black Cat Syndicate Continues to Encounter Gold at Myhree

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) has continued to encounter high-grade gold intersections from drilling underway at the company’s Bulong gold project in Western Australia.

Recent shallow RC drilling at Myhree returned several zones of thick, high grade mineralisation from drill holes drilled parallel to the strike of mineralisation to investigate a possible east-west high-grade vein set observed in previous diamond core samples.

Results include:

20MYRC020
28 metres at 6.59 grams per tonne gold from 5m, hole ended in mineralisation;

20MYRC014
3m at 41.95g/t gold from 41m;

20MYRC016
9m at 10.11g/t gold from 24m, hole ended in mineralisation;

20MYRC018
9m at 7.84g/t gold from 24m, hole ended in mineralisation;

20MYRC021
13m at 4.6g/t gold from 20m, hole ended in mineralisation; and

20MYRC019
7m at 3.76g/t gold from 26m, hole ended in mineralisation.

Black Cat Syndicate is continuing to progress the Myhree Feasibility Study, with recent activity including RC sterilisation drilling to identify locations for infrastructure.

This included encouraging results to the north of Myhree of:

20STRC003
2m at 11.57g/t gold from 37m.

The company explained it has follow-up drilling planned for this area.

Black Cat also completed diamond drilling for additional geotechnical and metallurgical testwork at Myhree during April 2020.

This core is currently being logged with assays expected in late May 2020.

“The thick zones of mineralisation at Myhree are pleasing and demonstrate a robust project that continues to provide consistently high grades,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“The latest round of RC drilling was undertaken to aid the Myhree Feasibility Study, with sterilisation of potential infrastructure sites and fine tuning of the Resource model.

“The potential for additional Resource upside as a result of the results in the north of Myhree will be investigated when drilling resumes in late May 2020.”

 

Email: admin@blackcatsyndicate.com.au

Web: www.blackcatsyndicate.com.au

 

Black Cat Syndicate Increases Bulong Mineral Resource Estimate

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) released an update to the Mineral Resource Estimate at the company’s Bulong gold project in Western Australia.

Black Cat Syndicate announced a 2020 update to the JORC Code 2012-compliant MRE at the Bulong project, increasing the Resource by 21 per cent to 3.5 million tonnes at 2.6 grams per tonne gold for 294,000 ounces of gold.

This increase includes maiden Resources of 0.2 million tonnes at 1.8g/t gold for 10,000 ounces at the Strathfield deposit, 0.3 million tonnes at 1.9g/t gold for 19,000 ounces at the Anomaly 38 deposit, and a 121 per cent increase at the Trump deposit, taking it to 0.6 million tonnes at 2.2g/t gold for 42,000 ounces.

Black Cat has made progress on a Feasibility Study towards commencing mining operations at the Myhree deposit, however, it does expect some impact to the timing of the study completion due to the COVID-19 situation.

The company has commenced drilling programs over multiple early stage targets, returning results to date that include:

20RERC055
1 metre at 20g/t gold from 24m – East of Boundary; and

20WLRC001
1m at 13.2g/t gold from 33m – Woodline.

Reductions in future drilling are expected due to the COVID-19 situation.

“The strong growth in Resource at Bulong is driven by a substantial increase at the existing Trump deposit and the inclusion of two new deposits,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“This exemplifies the potential for Bulong to discover and grow multiple deposits for future mining.

“Furthermore, the annualised rate of increase in the Resource and reducing discovery cost demonstrates our increasing understanding of Bulong.

“Anomaly 38’s near surface paleochannel mineralisation is particularly interesting as it potentially provides bulk mill feed complimented by high-grade increments.

“The Myhree Feasibility Study is advancing well in what remains a strong gold price environment.

“There have been some impacts from the COVID-19 situation which we continue to manage and monitor.”

 

Email: admin@blackcatsyndicate.com.au

Web: www.blackcatsyndicate.com.au

 

THE DAILY ROADHOUSE

 

De Grey Mining Extends Mineralisation at Hemi Gold Discovery

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported encouraging signs from drilling underway at the recent Hemi discovery at the company’s Mallina gold project in Western Australia.

Ausgold in Heightened Drilling Mode at KGP

THE DRILL SERGEANT: Ausgold (ASX: AUC) reported on recent drilling activity at the company’s 100 per cent-owned Katanning gold project (KGP) in Western Australia.

Pantoro Eyes Mineralised Extensions to Norseman Deposits

THE DRILL SERGEANT: Pantoro (ASX: PNR) reported latest drilling results from the Scotia, Daisy South and Gladstone-Everlasting deposits at the company’s Norseman gold project in Western Australia.

Ardea Resources Defines Shallow, High-Grade Gold at Big Four Gold

THE DRILL SERGEANT: Ardea Resources (ASX: ARL) has completed an 11-hole RC drilling program at the historic Big Four gold mine, south of Goongarrie in Western Australia.

Black Cat Syndicate Relies More on Strategy Than Luck

THE CONFERENCE CALLER: All of the planets seem to be lining up for Black Cat Syndicate (ASX: BC8) as it prepares to make the transition from explorer to miner in one of Western Australia’s most overlooked gold districts. By Mark Fraser 

 

Black Cat Syndicate Relies More on Strategy Than Luck

THE CONFERENCE CALLER: All of the planets seem to be lining up for Black Cat Syndicate (ASX: BC8) as it prepares to make the transition from explorer to miner in one of Western Australia’s most overlooked gold districts. By Mark Fraser

The company is in the throes of completing the feasibility work for its Bulong gold project, which sits just 25 kilometres east of Kalgoorlie-Boulder.

Since listing in early 2018, Black Cat has established a total resource of 2.7 million tonnes at 2.8 grams per tonne for 242,000 gold ounces and now plans to establish its Myhree mine as the operation’s baseload producer before extending mining activities to the nearby Queen Margaret, Melbourne United, Strathfield, Trump and Boundary ore bodies.

So far the feasibility work has been positive, with gold recoveries coming in at over 95 per cent and no environmental hiccups.

Furthermore, the barriers for getting Bulong into production are low.

Aside from the fact the company has granted mining leases in a highly prospective area that yielded 152,000 oz at 1 oz/t before World War I, the granted and pending 128 square km holdings are surrounded by some excellent infrastructure, including a major sealed road, mains power and a number of nearby mills that could treat its free milling ore.

Black Cat will also have access to a skilled workforce, being close to one of the country’s major mining hubs.

Importantly, it boasts a strong management team, including WA industry veterans Paul Chapman (non executive chairman) and Les Davis (non executive director) who founded the now-gone Silver Lake back in the 2000s and were instrumental in turning it into a highly successful WA gold miner.

So far the company has moved with almost lightning speed in developing its assets. Its maiden resource of 109,000 oz was established in the second half of 2018 and, by the end of last year, the drill bit had increased this to the above-mentioned 242,000 oz.

During the 2020 RIU Explorers Conference, Black Cat managing director Gareth Solly said the company had effective gone back to basics after listing just over two years ago.

“We were the first company to do effective exploration here this century – in fact I’d say we were the first company to do effective exploration here, and that’s partly because this is a land holding that no one has had in the past,” he noted.

“We are very active – over 66,000 metres (of drilling) in the first 22 months – and it’s been done with a very small team.

“All of the resources are currently still open … all of it is shallow, about 80% of it is in a potentially open pit mineable position.

“Given the location and other things like the gold price and the rest of the environment we can get started here very quickly. So we are trying to develop resources that are robust and credible.”

Although Black Cat has been focusing on the southern portion of its Bulong tenements, Solly indicated future exploration activities would be expanded to the north, covering the continuation of the Myhree-Boundary, Trump and Queen Margaret corridors which sit in what he called a Kanowna-style package.

Then there was Greater Woodline, where historical drilling had returned mouth-watering intercepts like 2m at 47.60g/t from 116m, 7m at 9.4g/t from 31m, 12m at 8.86g/t from 66m, 1m at 63.1g/t from 4m and 14m from 1.67% nickel from 70m.

If all goes to plan, Black Cat should complete its feasibility work by the end of the March quarter and reach a decision to mine by June.

 

Email: admin@blackcatsyndicate.com.au

 

Web: www.blackcatsyndicate.com.au

 

THE DAILY ROADHOUSE

Lithium Australia Implementing a Drive Towards Battery Energy Sustainability

THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) has openly declared that its corporate intentions include shoring up an ethical and sustainable supply of energy metals to the battery industry, thus enhancing energy security in the process.

Ramelius Resources Reports Further High-Grades from Symes’ Find

THE DRILL SERGEANT: Ramelius Resources (ASX: RMS) announced results from recent drilling undertaken at Symes’ Find deposit at the company’s Hampton project in Western Australia.

Breaker Resources Identifies New Gold Anomaly

THE DRILL SERGEANT: Breaker Resources (ASX: BRB) has identified a large new gold anomaly, which it claims to highlight the exploration upside at the company’s Lake Roe gold project, east of Kalgoorlie in Western Australia.

Comet Resources Scores Further High Grade Drilling Results

THE DRILL SERGEANT: Comet Resources (ASX: CRL) announced further results from recent diamond drilling conducted at the company’s Springdale graphite project near Hopetoun in southern West Australia.

Black Cat Syndicate Back Out Drilling at Bulong

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) informed the market it has resumed RC drilling has resumed at the company’s Bulong gold project in Western Australia.

 

Black Cat Syndicate Back Out Drilling at Bulong

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) informed the market it has resumed RC drilling has resumed at the company’s Bulong gold project in Western Australia.

Black Cat Syndicate said the recommenced RC drilling would now continue until mid-December 2019.

The drilling has been charged with objectives that include extensional RC drilling on the potential south-east extension of Myhree, known as the Myhree Southern Offset Target that was previously intersected returning 10 metres at 2.77 grams per tonne gold.

The program will include infill RC drilling at Myhree with the aim of converting Inferred Resource to Indicated.

Additional extensional RC drilling at the Trump North prospect will follow up and extend an earlier intersection of 4m at 13.46g/t gold and will hope to further delineate the 1,100m long Trump Corridor.

RC drilling will test historic high-grade intercepts at Anomaly 38, including 2m at 47.6g/t gold and exploration drilling at Greater Woodline will test drill ready targets the company identified by way of a recently interpreted Sub-audio Magnetic (SAM) survey, soil anomalies and historic drilling being Woodline and Fenceline.

Black Cat recently announced recent diamond drilling results from Myhree of:

19MYDD003
1.5m at 335.96g/t gold from 52.2m; and

19MYRC001
4.74m at 5.99g/t gold from 166.3m.

The company signalled additional diamond drilling will commence in November 2019 targeting core for comminution testwork along with geotechnical information around the perimeter of the potential open pit.

“The rig is back onto the potential offset position at Myhree which has significant upside potential,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“If we see more signs that Myhree continues to the south, we will look for additional rigs so that we can accelerate Resource definition work ahead of our Feasibility Study work and still drill the many other high priority targets like Anomaly 38.”

Between now and December, Black Cat aims to conduct ongoing Feasibility Study activities including geotechnical and metallurgical testwork, optical televiewer data interpretation, hydrological, hydrogeological and environmental studies and additional geotechnical and metallurgical drilling.

It will also carry out drilling of priority SAM targets in the Greater Woodline area.

The company anticipates completion of the Feasibility Study in the June 2020 quarter, at which time it hopes to be able to make a decision to mine at Myhree/Trump.

 

Email: admin@blackcatsyndicate.com.au

Web: www.blackcatsyndicate.com.au

 

Black Cat Syndicate Reports on First Myhree Holes

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) greeted the 2019 Brisbane Resources Roundup crowd with the release of results from the first diamond drilling program at the Myhree target within the company’s Bulong gold project in Western Australia.

Black Cat Syndicate designed the first three diamond drill holes into Myhree to infill the Resource and provide critical geological, geotechnical and metallurgical information on the mineralised structures.

High-grade results include:

19MYDD003
1.7 meters at 335.96 grams per tonne gold from 52.2m, including 0.5m at 1,130g/t gold from 52.9m; and
7m at 9.84g/t gold from 59.5m.

19MYDD001
4.74m at 5.99g/t gold from 166.3m; and
3.04m at 3.07g/t gold from 140.6m.

Black Cat Syndicate said the results demonstrate potential for high-grade zones within Myhree and highlight underground mining potential.

The company has commenced preparations for a December 2019 quarter drilling program, which is to include extensional RC drilling of the south-east extension of Myhree following up from an earlier intercept of 10m at 2.77g/t gold, diamond drilling, also at Myhree, for completion of final metallurgical and geotechnical studies and RC drilling for hydrogeological studies.

Other work will entail extensional drilling at the Trump North target following up on 4m at 13.46g/t gold and exploration drilling at the Greater Woodline area on multiple targets including Anomaly 38, Woodline, Fenceline and Solitaire.

“These first diamond holes into Myhree show the outstanding potential of this deposit,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“We are also about to commence RC drilling to test the Myhree Southern Offset.

“Confirmation of the offset will have important implications for the current Feasibility Study.

“Later in October the drill rig will be moving to the highly prospective Greater Woodline area to test the priority targets identified in the recently completed Sub Audio Magnetic (SAM) survey.

“This promises to be an action-packed quarter for Black Cat.”

Black Cat claimed discovery of Myhree in June 2018 and since then, up to June 2019, has established a current JORC Resource of 1.4 million tonnes at 2.7g/t gold for 119,000 ounces.

 

Email: admin@blackcatsyndicate.com.au

Web: www.blackcatsyndicate.com.au