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Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Corridor | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-10-2018: Black Cat Syndicate Ltd. announces an Exploration/Drilling Update report for its Corridor deposit at the Bulong project. Drilling results incl. 11m @ 8.30g/t Au from 28m. Black Cat Syndicate Limited (“Black Cat”) is pleased to announce an upda | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gareth Solly (Internal) | |
| ABSTRACT: | Black Cat Syndicate Limited (“Black Cat”) is pleased to announce an update on results from the Myhree-Boundary Corridor (“the Corridor”) at its 100% owned Bulong Gold Project (“Bulong”). As advised to the ASX on 23 July 2018, a number of encouraging intersections were made to the north of Myhree including: 5m @ 4.14 g/t Au from 7m; 1m @ 36.9 g/t Au from 14m and 3m @ 5.61 g/t Au from 46m. Myhree has now been extended a further 50m to the north by additional shallow, thick and high grade intersections. The Corridor lies between Trump and Queen Margaret Corridors (Figure 1). The Corridor is accentuated by the Boundary deposit to the north and Myhree 1,400m to the south with limited exploration in between. The Corridor shows little historic mining and is deeply weathered with a lateritic cover that shallows to the south. Auger sampling from the 1980s has proven an effective tool to locate near surface mineralisation in this corridor due to the relatively undisturbed lateritic cover. Mapping and drone surveys over the area show that areas with lower soil response typically correlate to modern drainage (creeks) that cut this corridor at frequent intervals in a NW orientation (Figure 2). Aeromagnetic data also delineates NW features that correlate with these creeks which are interpreted to be fault positions. Three historic RAB lines were drilled in the late 1990s between the currently delineated mineralised zones at Boundary and Myhree. All three RAB lines contain anomalous results that have never been followed up. | |
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