BC8 0.93% 53.5¢ black cat syndicate limited

Ann: Quarterly Activities Report and Appendix 5B, page-13

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    Black Cat Syndicate Produces Winning Drilling Results at Kal East

    THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) should be kept busy at the upcoming RIU Sydney Resources Roundup after the release of results from drilling programs recently completed across four mining centres within the company’s Kal East gold project in Western Australia.

    Drilling at the Fingals Mining Centre focused on high priority targets, resulting in important advancements, including the identification and extension of the Western Lodes structure down dip and to the south of current drilling.

    The company interpreted these results as potentially identifying a repeat of the high-grade Fingals style mineralisation.

    Results include:

    22FIRC068
    4 metres at 6.17 grams per tonne gold from 38m and 2m at 3.79g/t gold from 44m; and

    22FIRC071
    1m at 20.4g/t gold from 29m.

    Elsewhere at Fingals drilling extended the Southern Shoot along strike to the east and at depth, returning:

    22FIRC003
    3m at 5.19g/t gold from 250m and 3m at 3.65g/t gold from 262m.

    Also included in results was the intersection of a potential repeat horizon at depth that Black Cat believes could host Southern Shoot style mineralisation, of:

    22FIRC001
    7m at 1.52g/t gold from 23m, 2m at 4.28g/t gold from 132m, and 1m at 1.23g/t gold from 267m.

    A mineralised structure was also identified below the historic tailings dam:

    22FIRC015
    2m at 4.13g/t gold from 72m and 4m at 2g/t gold from 76m.

    TO READ THE FULL ANNOUNCEMENT:CLICK HERE

    At the Majestic Mining Centre first pass drilling 800m north of the Crown prospect produced promising results which are below a stripped profile and are like those seen upon the discovery of the Imperial/Majestic deposit.

    Results include:

    22IMRC008
    1m at 3.9g/t gold from 51m, 3m at 1.3g/t gold from 64m and 4m at 1.99g/t gold from 70m.

    Infill drilling to the south of Jones Find confirmed continuity of mineralisation, with shallow, high-grade intercepts further enhancing the potential scale and economics of an open pit at the Jones Find deposit, which is located 500m from the planned processing facility.

    Results include:

    22JFRC092
    4m at 8.81g/t gold from 3m; and

    22JFRC026
    4m at 3.47g/t gold from 34m.

    RC grade control drilling at the Myhree Mining Centre contained numerous thick, high-grade results, which confirmed multiple mineralised zones as expected.

    Results include:

    21MYGC084
    7m at 9.5g/t gold from 9m;

    21MYGC074
    4m at 9.89g/t gold from 25m; and

    21MYGC086
    10m at 3.2g/t gold from 5m.

    Black Cat’s final program of grade control drilling for the Myhree open pit is planned to commence in May 2022.

    Drilling of two step-out diamond holes was undertaken at the Trojan Mining Centre to gain better understanding of the geology and to test mineralisation at depth.

    Extensive zones of alteration were intersected demonstrating the extension of mineralisation approx. 150m below the historic open pit.

    Results include:

    21TNDD001
    19.28m at 1.12g/t gold from 206.45m, 12m at 1.46g/t gold from 264.95m and 19.01m at 1.25g/t gold from 288.43m.

    Black Cat indicated Follow-up drilling is required in all the above areas and is planned during the remainder of 2022.

    “We have results back from four successful drilling programs at Kal East,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

    “Fingals remains open in all directions and at depth and we have identified a number of exciting, high priority targets that may lead to additional Resource growth.

    “At Majestic, regional drilling indicates the potential for additional new discoveries while Jones Find continues to grow.

    “Trojan has demonstrated that mineralisation extends well beyond the base of the open pit as well as potentially along strike.

    “Grade control at Myhree continues to confirm the shallow, high-grade Resources in the open pit position.

    “Additional grade control drilling will be completed at Myhree ahead of potential toll treatment.”


    Email: [email protected]

    Web: www.blackcatsyndicate.com.au

 
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