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Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Boundary, Trump | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-9-2019: Black Cat Syndicate Ltd. announces a Resource Estimation report for its Boundary, Trump deposit at the Bulong project. Updated mineral resource estimate for Boundary and Trump deposits. Black Cat Syndicate Limited (“Black Cat” or “the Company”) | |
| Resources: | (Resource, I+I): 2.6Mt @ 2.4g/t Au for 206Koz Au contained at Bulong total | |
| CP/QP: | [Resources]: Matthew Karl (Mining Plus Pty Ltd.) | |
| ABSTRACT: | Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased to announce an update to the JORC 2012 Mineral Resource Estimate (“Resource”) at the Boundary and Trump deposits. The Boundary Resource has increased by 87% to 0.63Mt @ 2.1 g/t Au for 41,100oz while the Trump Resource has increased 89% to 0.26Mt @ 2.3 g/t Au for 18,900oz. The total Resource at the Bulong Gold Project (“Bulong”) has increased to 2.6Mt @ 2.4 g/t Au for 206,000oz with a potential open pit Resource of 2.2Mt @ 2.4 g/t Au for 168,000oz. Black Cat’s Managing Director, Gareth Solly said: “We are pleased to show continuing growth in Resources, particularly in the immediate area of Myhree. Myhree is presenting as the base load producer adjacent to a number of potential satellite mines including Boundary, Trump, Trump North, Queen Margaret, Melbourne United, and Strathfield. Recent drilling has also shown that grades within both Trump and Boundary are better than historic drilling indicates, causing us to review the potential of a number of historic deposits. The current gold price environment, combined with the quality of the Bulong Resources and our location near infrastructure, provide strong impetus to move to production. In the meantime, we are about to embark on a very exciting phase of drilling aimed at extending the mineralisation at Myhree and Trump and exploring priority targets in the high-grade Greater Woodline area. Resources at Bulong will next be estimated and upgraded in the March 2020 quarter based on drilling to 31 December 2019”. | |
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