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Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Boundary | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-8-2018: Black Cat Syndicate Ltd. announces an Exploration/Drilling Update report for its Boundary deposit at the Bulong project. Drilling results incl. 12m @ 4.17g/t Au from 67m. Black Cat Syndicate Limited (“Black Cat”) is pleased to announce an updat | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gareth Solly (Internal) | |
| ABSTRACT: | Black Cat Syndicate Limited (“Black Cat”) is pleased to announce an update of results from RC drilling at Boundary. Black Cat Managing Director, Gareth Solly said “The first hole drilled into the offset position at Boundary has been successful and opens up significant potential for growth along the Myhree-Boundary Corridor. Now that the concept has been validated, we will continue to drill the southern extension to this high grade deposit. Our focus will be on building scale to allow resource work to commence. We are excited about the potential of this corridor which extends all the way to Myhree,1.4km to the south” The Boundary deposit is located in the north of the currently defined Myhree-Boundary Corridor (see Figure 1). Previous drilling by Black Cat, see announcement on 16 August 2018, was aimed at validating historic drilling results. Drilling showed that thick high grade mineralisation dips to the west and further interpretation of soil data (see Figure 2) and aerial magnetic data (see Figure 3) suggests that mineralisation is controlled by structural offsets both to the north and south. Past drilling was generally too shallow and was not optimally orientated. In the case of the southern area, past drilling did not target far enough to the east to intersect the offset position. Further south the next line of effective drilling along the corridor is a shallow historic RAB line 400m away, with promising mineralisation (4m @ 1.41 g/t Au from 60m to end of hole in RQR160**). The distance between effective drilling gives context to the scale and potential of the corridor. | |
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