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Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Queen Margaret | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-7-2018: Black Cat Syndicate Ltd. announces an Exploration/Drilling Update report for its Queen Margaret deposit at the Bulong project. Drilling results incl. 2m @ 7.37g/t Au from 52m. Black Cat Managing Director, Gareth Solly said “The extensional dril | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gareth Solly (Internal) | |
| ABSTRACT: | Black Cat Managing Director, Gareth Solly said “The extensional drilling at Queen Margaret is adding data that will be used in our upcoming resource work. Results to date show the footwall and internal veins continue with depth. Importantly, we have identified a structure that appears to offset the Queen Margaret host porphyry. This opens up 800m of potential to Queen Margaret South and is likely the reason that pre-World War 1 (WW1) miners stopped mining where they did”. The hangingwall lode of the Queen Margaret porphyry was mined to a depth of ~240m preWW1. Black Cat’s Phase 1 drilling identified strong mineralisation on the footwall contact of the porphyry as well as numerous internal veins linking the hangingwall and footwall mineralisation, potentially improving ounces per vertical metre (see Figure 1). The mineralisation is open to the south and at depth and has the potential to advance to open pit development above the historic mine. Accordingly, the current extensional RC drilling program is designed to extend the high grade mineralisation to the south and deeper alongside the historic workings. | |
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