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Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Trump, Queen Margaret | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-9-2018: Black Cat Syndicate Ltd. announces an Exploration/Drilling Update report for its Trump, Queen Margaret deposit at the Bulong project. Drilling results incl. 7m @ 4.98g/t Au from 87m. Black Cat Syndicate Limited (“Black Cat”) is pleased to annou | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gareth Solly (Internal) | |
| ABSTRACT: | Black Cat Syndicate Limited (“Black Cat”) is pleased to announce an update on activities at Bulong Gold Project (“Bulong”) including first results at Trump. Black Cat Managing Director, Gareth Solly said “These results are the widest, deepest and northern most intercepts in the Trump Corridor, showing the exciting potential of this under explored target. Another positive for Bulong is the high grade results from internal veining at Queen Margaret. This further reinforces our geological model that the system continues at depth”. The Trump Corridor lies to the west of the Myhree and Queen Margaret Corridors (Figure 1) and is on the eastern edge of a large area of felsic schist and porphyry rocks that are underlain by ultramafic rocks. Trump features historic pre-WW1 shafts and concrete footings which appear at odds with officially recorded production of only 834oz at >2 oz per tonne. Logging of the previous shallow drilling and mapping of the historic shafts shows a deep weathering profile with an area of shallow mineralisation extending >200m, open along strike and at depth Results from the remainder of the RC holes drilled during August 2018 have been returned. Eight holes for 1,256m were drilled and include the deepest holes Black Cat has drilled to date. Drilling showed continuation of internal veins, footwall mineralisation and historical stopes at depths to 170m below surface. The internal veins and footwall load of the Queen Margaret porphyry continue to deliver strong results at depth. While almost all the historic mining was on the hangingwall contact of the porphyry, the footwall position and extensive internal veining continue to provide robust drilling intercepts. The strong result of 7m @ 4.98 g/t Au from 87m (18QMRC118) in an internal vein position (Figure 4), is in an under-drilled part of the system. This demonstrates the potential for further growth at depth where minimal drilling has been undertaken | |
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