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Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Boundary | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-8-2018: Black Cat Syndicate Ltd. announces an Exploration/Drilling Update report for its Boundary deposit at the Bulong project. Drilling results incl. 3m @ 10.55g/t Au from 84m. Black Cat Syndicate Limited (“Black Cat”) is pleased to announce the firs | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gareth Solly (Internal) | |
| ABSTRACT: | Black Cat Syndicate Limited (“Black Cat”) is pleased to announce the first results from RC drilling at Boundary. Black Cat Managing Director, Gareth Solly said “Boundary was targeted by earlier explorers and has the potential to grow with our new geological interpretation. The first holes have been drilled to give context to our interpretation and validate the historic high grade intercepts. Our focus will now be on finding possible extensions to Boundary including the offset positions to the north and south and mineralisation at depth. We will also be undertaking framework drilling along the 1.4km long corridor to the south towards Myhree”. The Boundary deposit occurs in a +200m wide felsic corridor wedged between ultramafic units, ~1.4kms to the north of Myhree (Figure 1). Boundary was discovered in 1991 through a soil sampling program that defined a 500m x 250m coherent anomaly at +40ppb Au (Figure 2). Seventy-three RC holes were drilled in the 1990’s (on a 20m x 10m grid) and defined high grade mineralisation over 140m in strike below 20-30m of lateritic cover directly under the soil anomaly. Previous results included 21m @ 8.01 g/t Au from 38m (92BRC33), 12m @ 4.09 g/t Au from 40m (92BRC88) and 6m @ 11.11 g/t Au from 34m (92BRC29).** Black Cat’s comprehensive review of the data concluded that the mineralisation host unit at Boundary is possibly offset to the north and south of the currently defined deposit. New drilling is required to validate the high grade mineralisation and geology in this deeply weathered area to confirm this interpretation. | |
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