viewBlack Cat Syndicate Ltd

Black Cat Syndicate’s extensional drilling returns high-grade gold up to 7.44 g/t at Bulong

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.

Activity at Myhree
Follow-up drilling on the northern end of Myhree will be fast-tracked to begin in mid-May

Black Cat Syndicate Ltd (ASX:BC8) has received results from a second 2019 drilling program designed to extend and infill resources at Myhree deposit within the Bulong Gold Project in WA.

Extensional drilling in 2019 has increased the plunge by more than 100% and the northern-most drilling shows shallow mineralisation is thicker and continues to deliver consistent high grades along strike.

These results lie within a sub-audio magnetic (SAM) target and highlight the potential for other similar targets in the Myhree Boundary Corridor.

SAM targets 1 and 2 were also drilled during April 2019 with results pending.

READ: Black Cat Syndicate sees 2D seismic survey work extended over Bulong Gold Project in WA

Black Cat managing director Gareth Solly said: “The potential for Myhree to become a near-term open pit is improving with Myhree already a robust, high-grade near-surface resource located on a mining lease and only 30 kilometres from Kalgoorlie.

“The extensional drilling shows that thickness and grade continue at depth with the northern-most line of drilling intersecting the best results from Myhree to date, with thick high-grade mineralisation in shallow positions.

“The challenge now is to determine just how big Myhree is and we are looking to fast-track the next round of RC drilling to mid-May 2019 with an updated resource at Myhree to be released in July 2019.”

READ: Black Cat Syndicate delivers maiden 109,000 ounce resource at Bulong Gold Project

High-grade results include:

  • 28 metres at 5.06 g/t from 4 metres, including 9 metres at 6.64 g/t from 4 metres and 10 metres at 7.55 g/t from 20 metres;
  • 10 metres at 4.24 g/t from 77 metres;
  • 6 metres at 4.67 g/t from 82 metres;
  • 3 metres at 4.13 g/t from 121 metres; and
  • 1 metre at 13.9 g/t from 213 metres.

Myhree remains open towards Boundary to the north, now only 640 metres away.

Infill drilling to upgrade the resource to indicated has also begun. Results are consistent with previous results and include:

  • 3 metres at 7.89 g/t from 16 metres; and
  • 3 metres at 7.06 g/t from 37 metres.

Myhree long section showing maiden resource and optimised pit shell with drilling results

Infill drilling will continue during the next drilling campaign and an updated resource at Myhree is expected to be released in July 2019.

Quick facts: Black Cat Syndicate Ltd

Price: 0.67 AUD

Market: ASX
Market Cap: $73.93 m

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