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Black Cat Syndicate Drills Down on Paulsens Gabbro Veins

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) released a further update on the progress of underground diamond drilling along the Gabbro Veins at the company’s Paulsens gold operation in Western Australia.

In the lead up to the RIU Explorers Conference next week, Black Cat Syndicate reported assays from an additional 10 diamond holes that it claims has continued to confirm the Gabbro Veins as containing high-grade, vein swarms that are a readily accessible, near-term mining opportunity.

Recent results include:

22PGRD001
3.42 metres at 16.21 grams per tonne gold from 69.7m, including 0.22m at 80.6g/t gold from 72.9m; and

22PGRD002
0.55m at 67.2g/t gold from 47.63m and 0.33m at 21.7g/t gold from 54.42m and 0.51m at 29.86g/t gold from 69.15m and 0.39m at 10.2g/t gold from 103.73m.

“The latest results from the Gabbro Veins continue to highlight their significant future mining potential and further validate Black Cat’s new geology model,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“The Gabbro Veins are located adjacent to infrastructure and represent a potential new start-up mining area at Paulsens.

“With a second rig commencing this month our drilling activities will increase and expedite additional discovery and Resource growth.

“Our recent placement of $17 million will not only help us to fast-track our drilling but will support activities required to inform a decision to restart production at Paulsens, which is targeted for mid-2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Black Cat Syndicate Encounters Further High-Grade Drill Results

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) updated the market on recent activities at the company’s Bulong gold project in Western Australia that include initial results for sub-audio magnetic (SAM) targets along the project’s Myhree and Boundary corridor.

Black Cat Syndicate said it had been encouraged by results from initial drilling of the its priority SAM targets between Myhree and Boundary with all targets demonstrating gold mineralisation, confirming SAM surveys as an effective tool for targeting gold at Bulong.

Exploration drilling on the SAM Target 1 returned thick, high-grade results, including:

19BORC007
6m at 4.67 grams per tonne gold from 60m and 9m at 2.13g/t gold from 48m; and

19BORC008
7m at 1.44g/t gold from 72m.

Black Cat indicated these results will be followed up with further drilling to delineate the higher-grade mineralisation at the intersection of SAM Targets 1 and 4.

Exploration drilling along SAM Target 2 intersected a mineralised structure on the geophysical target.

Results include:

19BORC021
3m at 1.06g/t gold from 56m; and

19BORC020
1m at 0.97g/t gold from 71m.

Infill and extensional drilling on the Boundary South lode continued to provide mineralised intercepts, including:

19BORC016
5m at 2.95g/t gold from 107m; and

19BORC018
4m at 1.49g/t gold from 46m.

Black Cat expects the intercepts to increase Resources and to upgrade from Inferred to Indicated when new Resources are released for Myhree in July 2019 and for other deposits during the September 2019 quarter.

RC drilling is currently underway on the northern end of Myhree.

“The drilling results on the interpreted SAM targets are extremely encouraging,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“The drilling at SAM Target 1 shows that the intersection of the NS and NE structures contains thick, high-grade mineralisation.

“At SAM Target 2, we have identified a mineralised structure providing a clear vector towards potentially high-grade mineralisation.

“SAM surveys are proving to be an effective targeting tool at Bulong.

“The SAM survey over Greater Woodline is expected to be available in June 2019.

“Other SAM surveys to the north of Boundary and to the south of Myhree are planned for the September 2019 quarter.

“In the meantime, extensional drilling has already recommenced at SAM Target 3 where exceptional mineralisation was drilled during April 2019.

“We continue to close the undrilled gap along this strongly mineralised corridor.”

The mineralised strike across the Myhree and Boundary deposits now totals approximately 965 metres while the untested area between the deposits has been reduced to around 600m with priority targets between to be drilled in the next three months.

 

Email: admin@blackcatsyndicate.com.au

Website: www.blackcatsyndicate.com.au