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Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Bulong | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/31/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-3-2020: Black Cat Syndicate Ltd. announces a Resource Estimation report for its Bulong deposit at the Bulong project. Updated Mineral Resource Estimate for the Bulong Project. Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased to ann | |
| Resources: | (Resources, I+I): 3.5Mt @ 2.6g/t Au (294koz Au) | |
| CP/QP: | [Resources]: Iain Levy (Internal) | |
| 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 Bulong Gold Project (“Bulong”). The January 2020 update has increased the Resource by 21% to 3.5Mt @ 2.6 g/t Au for 294,000oz. The annualised increase from the December 2018 Resource is an exceptional 170%. This increase includes maiden Resources at Strathfield and Anomaly 38. Trump is primarily located on granted Mining Leases. Striking north, it is located 250m west of the Myhree Boundary Corridor. Historical drilling at Trump focused on old workings directly west of Myhree and delineated ~150m strike length of mineralisation. Black Cat has since extended mineralisation to 1,250m in strike length and to over 150m below surface. The Resource remains open in all directions. Recent extensional drilling at Trump included several high-grade results and confirmed continuity at Trump North. This provides encouragement for future Resource growth along the Trump Corridor. Recent results1 include | |
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