For thousands of other reports visit RSC's Mineral Intellingence Map
Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Anomaly 38 | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-11-2018: Black Cat Syndicate Ltd. announces an Exploration/Drilling Update report for its Anomaly 38 deposit at the Bulong project. Drilling results incl. 2m @ 22.10g/t Au from 73m. Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gareth Solly (Internal) | |
| ABSTRACT: | Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased to announce the results from the first drill testing of Anomaly 38 at its 100% owned Bulong Gold Project (“Bulong”). HIGHLIGHT RESULTS The Patch Dam and Woodline prospects are some of the largest alluvial goldfields in Western Australia and have sourced >100 oz gold nuggets. Anomaly 38 sits to the north of these rich alluvial areas and previous drilling has intersected high grade mineralisation within ultramafic rocks including Black Cat’s Managing Director, Gareth Solly, said “Black Cat is looking to build a quality resource base from multiple deposits and in the future Anomaly 38 may be one of those. Anomaly 38 is a possible source for Patch Dam and Woodline alluvial goldfields. Recent drilling was designed to provide geological context to the area. Based on these encouraging results, geophysics is planned to assist in targeting future drill programs.” BACKGROUND Anomaly 38 lies in the north east of Bulong and is comprised of a gold in soil anomaly that covers an area of ~2km2 with peak values of 214ppb and 210ppb Au in follow up auger sampling. Patch Dam and Woodline are some of the largest alluvial goldfields in Western Australia and have historically sourced >100 oz gold nuggets. Anomaly 38 sits to the north of these alluvial rich areas (see Figure 3) and contains zones of high grade mineralisation within ultramafic rocks. Historic drilling returned high grade intercepts including: BURC026, 7m @ 9.40 g/t Au from 31m; BURC025, 2m @ 47.6 g/t Au from 116m; and BURC023 2m @ 41.66 g/t Au from 82m**. Many of the historic results are clustered along a NW orientation, which formed the target for the current drill program (see Figure 1). These structures may form the possible source of the alluvial gold. Mapping and drone surveys show that areas with lower soil response typically correlate to modern drainage (creeks) that flow through the project. Aeromagnetic data delineates NW features in the area which are interpreted to be fault positions. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report