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Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Myhree | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2018: Black Cat Syndicate Ltd. announces an Exploration/Drilling Update report for its Myhree deposit at the Bulong project. Drilling results incl. 11m @ 4.03g/t Au from 104m. Black Cat’s Managing Director, Gareth Solly said “The rapid growth of the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gareth Solly (Internal) | |
| ABSTRACT: | Black Cat’s Managing Director, Gareth Solly said “The rapid growth of the Myhree-Boundary Corridor is compelling. In the last four months, we have discovered the Myhree lode and defined new mineralisation to the south of Boundary. Currently there is over 750m of mineralisation defined along the 1.6km long Corridor, with obvious potential to further extend this mineralisation. Successful infill drilling at Boundary is paving the way for JORC Resource work to commence. A geophysical survey has also been completed over the Corridor to assist in future drill targeting. We are increasingly excited about the scale potential of this Corridor” The Myhree-Boundary Corridor (“Corridor”) lies in the centre of the Bulong Gold Project (Figure 2). The Corridor has the Boundary deposit to the north and the Myhree deposit to the south and is currently defined over a distance of ~1,600m from end to end. The Corridor has seen little historic mining and is deeply weathered with a lateritic cover that shallows to the south. Auger sampling from the 1980s has effectively located near surface mineralisation in the Corridor due to the relatively undisturbed lateritic cover. Mapping and drone surveys show that areas with lower soil response typically correlate to modern drainage (creeks) that cut this corridor at regular intervals in a NW orientation (Figure 3). Aeromagnetic data also shows NW features that correlate with the creeks and are interpreted to be faults. Three historic RAB lines were drilled in the late 1990s along the Corridor between Boundary and Myhree. All three RAB lines contain anomalous results that have never been followed up. Black Cat’s strategy is to drill the zone between Boundary and Myhree to identify extensions to mineralisation. To date, drilling has successfully tested the northern and southern ends of this corridor with an ~800m gap still untested. A SAM geophysical survey has also been completed over the Corridor. SAM is a powerful, yet cost effective, technique that allows for the simultaneous high definition mapping of both the magnetic and electrical properties in the ground. Preliminary SAM data provides encouragement for further mineralised structure between Myhree and Boundary. Final SAM results will be used to refine future drill targeting and geological modelling. | |
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