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Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Myhree | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/3/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-7-2020: Black Cat Syndicate Ltd. announces an Exploration/Drilling Update report for its Myhree deposit at the Bulong project. Drilling results incl. 6.45m @ 9.43g/t Au from 228.51m. Diamond drilling consisted of 6 holes (1,421m including 802m of RC pre | |
| Resources: | (Resources, I+I): 3.498Mt @ 2.6g/t Au (294koz Au) | |
| CP/QP: | [Overall Report] Edward Summerhayes (Internal) | |
| ABSTRACT: | Diamond drilling consisted of 6 holes (1,421m including 802m of RC pre-collars). These holes were designed to infill mineralisation at depth for conversion of Inferred Resource to Indicated, while also providing additional core samples for geotechnical and metallurgical test work. Holes were positioned to provide representative samples and rock conditions for potential mining scenarios. Lithologies encountered included sediments and highly altered mafic rocks, interleaved with ultramafic rocks. High gold grades continue to show a correlation between quartz veining, sulphide content and increased deformation, particularly near the volcanic/sediment contacts (Figure 2). Bulong, Fingals and Rowe’s Find contain JORC 2004 and 2012 Mineral Resource Estimates (“Resources”). Under the ASX reporting guidelines we can only quote the acquired JORC 2004 Resources once prior to re-releasing them under JORC 2012 with appropriate additional disclosure and hence shareholders are referred to our ASX announcement dated 28 May 2020. Existing infrastructure proximal to Bulong, Fingals and Rowe’s Find presents significant opportunities for mining operations. | |
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