Black Cat Syndicate high-grade gold hits confirm value of SAM surveys at Bulong
The intersections are expected to increase and upgrade resources when a new estimate is released for Myhree in July and other deposits later in the September quarter.
Company
ASX:BC8
Black Cat Syndicate Limited listed on the ASX in 2018, with only 80sqkm of exploration ground. Through a combination of discovery and strategic acquisitions, the company has established a substantial and growing portfolio of producing operations with high-grade gold resources in prime gold regions.
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The intersections are expected to increase and upgrade resources when a new estimate is released for Myhree in July and other deposits later in the September quarter.
Investments and investor services
The event from Tuesday to Thursday will feature more than 70 presentations along with a large exhibition area.
These intersections have potential to increase the maiden resource which amounted to 486,000 tonnes at 3.2 g/t gold for 50,000 ounces.
The 2D high-resolution seismic survey began recording on March 13, 2019, with data collection expected to be completed by the end of this month.
The next planned resource updates will be in September 2019 and March 2020 as ongoing drilling is conducted to build on the current resource.
Investments and investor services
The event will attract “the who’s who of the junior and mid-cap market CEOs” and will have a “bustling exhibition area”.
Investments and investor services
The annual convention is on next week at the Hilton Brisbane with 48 presentations and 70 exhibitors.
Results from the drilling program will support modelling of an economic open pit resource.
The high-grade gold results could point to a new mineralised corridor at Myhree between the Queen Margaret and Trump corridors.