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Black Cat Syndicate Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Trump, Myhree | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-9-2019: Black Cat Syndicate Ltd. announces an Exploration/Drilling Update report for its Trump, Myhree deposit at the Bulong project. Drilling results incl. 22m @ 3.21g/t Au from 1m. Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased | |
| Resources: | (Resource, I+I): 2.278Mt @ 2.4g/t Au at Bulong total | |
| CP/QP: | [Overall Report]: Edward Summerhayes (Internal) | |
| ABSTRACT: | Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased to announce an update on activities at the Bulong Gold Project (“Bulong”), including results from recent drilling. Black Cat’s Managing Director, Gareth Solly said: “The discovery of a potential new lode at Myhree is an exciting emerging development for Black Cat. The potential new lode sits below our current Resource and 100m below known mineralisation. At depth, the nearest mineralisation is 100m to the north with no drilling in between. This result fits well with current interpretations of the geology and of a fault offsetting the mineralisation. There is now a possibility of Myhree continuing to the south and drilling in this southern area will be fast-tracked. In addition, the current phase of infill drilling at Myhree is effectively complete and is consistent with expectations. Results at Trump are also pleasing in terms of the potential impact on Resource upgrades. Trump remains under drilled with numerous open targets to test in the near future.” RC drilling consisted of 11 holes for 1,352m. Most of this drilling was designed as infill to upgrade the Resource to Indicated. However, an exploratory hole (19MYRC093) was drilled outside of the current Resource and intersected a potential new lode with 10m at 2.77 g/t Au from 190m (hole ended in mineralisation). This represents a potential new lode below the current Resource or an offset to the Myhree mineralisation (Figure 1). | |
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