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Black Cat Syndicate Ltd.

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Summary

Project:

Bulong

Deposit:Myhree
Location:Australia
Commodities:Gold
Date:10/16/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Feasibility Study
Report details:16-10-2019: Black Cat Syndicate Ltd. announces an Exploration/Drilling Update report for its Myhree deposit at the Bulong project. Drilling results incl. 1.7m @ 335.96g/t Au from 52.2m. Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased
Resources:(Resource, I+I): 2.6Mt @ 2.4g/t Au for 206Koz Au contained at Bulong total
CP/QP:[Overall Report]: Edward Summerhayes (Internal)
ABSTRACT:Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased to report results from the first diamond drilling program at Myhree. Black Cat’s Managing Director, Gareth Solly said: “These first diamond holes into Myhree show the outstanding potential of this deposit. We are also about to commence RC drilling to test the Myhree Southern Offset. Confirmation of the offset will have important implications for the current Feasibility Study. Later in October the drill rig will be moving to the highly prospective Greater Woodline area to test the priority targets identified in the recently completed Sub Audio Magnetic (“SAM”) survey. This promises to be an action-packed quarter for Black Cat.” Black Cat discovered Myhree in June 2018. Drilling between discovery and June 2019 resulted in a current JORC Resource of 1.4Mt @ 2.7 g/t Au for 119,000oz (refer ASX announcement 16 July 2019). Infill drilling designed to upgrade the existing Resource from Inferred to Indicated included a three diamond hole program for 213m of core (Figure 1). The program was designed to provide critical information on the structure of the deposit and to provide material for geotechnical and metallurgical testing from the oxide, transitional and fresh domains. The program was successful with mineralisation in each hole.

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