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Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Myhree | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/18/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-2-2020: Black Cat Syndicate Ltd. announces a Resource Estimation report for its Myhree deposit at the Bulong project. Updated Mineral Resource Estimate for the Myhree deposit. Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased to ann | |
| Resources: | (Resources, I+I): 1,427kt @ 3.4g/t Au (155koz 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 Myhree deposit. The Myhree Resource has increased by 30% to 1.4Mt @ 3.4 g/t Au for 155,000oz. Significantly, grades at Myhree have increased from 2.7 g/t Au to 3.4 g/t Au. The increase in the Myhree Resource increases the total Resource at the Bulong Gold Project (“Bulong”) to 2.7Mt @ 2.8 g/t Au for 242,000oz. Other Resources at Bulong will be updated in the March 2020 quarter. The 6km long Boundary-Myhree corridor remains underexplored with potential to host significant additional Resources, as indicated by the completed sub-audio magnetic (“SAM”) surveys in the area (see Figure 4). Drilling along this corridor is a priority for the first half of 2020 both to extend existing Resources and to support a larger mining scenario Myhree is located on a granted Mining Lease (M25/024) between the historically mined areas of Strathfield and Trump and ~1.5km south of the Boundary deposit. Black Cat initially drilled Myhree in July 2018, targeting interpreted structure coincident with soil and RAB anomalies. | |
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