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Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Myhree | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-7-2019: Black Cat Syndicate Ltd. announces a Resource Estimation report for its Myhree deposit at the Bulong project. Myhree resource increases by 138%. Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased to announce an update to the | |
| Resources: | (Resource, I+I): 1.388Mt @ 2.7g/t Au at Myhree | |
| 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 Myhree deposit, The Myhree Resource has increased by 138% to 1.4Mt @ 2.7g/t Au for 119,000oz with a potential open pit Resource comprised principally of high grade mineralisation totalling 0.98Mt @ 3.0g/t Au for 93,500oz. Total Resource at the Bulong Gold Project has increased to 2.3Mt @ 2.4 g/t Au for 178,000oz of which 2.0Mt @ 2.4 g/t Au for 151,000oz is potential open pit Resource. Black Cat’s Managing Director, Gareth Solly said: “We are pleased to see Bulong heading towards mining within only 18 months of IPO. Myhree is a quality, high-grade Resource and provides a clear pathway to progress from an explorer into a producer. The current gold price environment, combined with the quality of the Myhree Resource and our location near infrastructure, make for a compelling case to progress towards an initial open pit at Myhree. Drilling along the Myhree-Boundary Corridor, along with other promising prospects, will continue. We see a potential open pit at Myhree/Trump as being only the first step in mining at Bulong.” | |
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