BC8 5.63% 37.5¢ black cat syndicate limited

Ann: Three Rigs Drilling at Kal East Gold Project, page-17

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    Here's what the 3 rigs will be doing.

    Black Cat Syndicate Recommences Kal East Drilling

    THE DRILL SERGEANT: Black Cat Syndicate heralded the arrival of 2021 with the recommencement of RC drilling activities at Fingals Fortune and Imperial/Majestic, which comprise part of the company’s Kal East gold project in Western Australia.

    Drilling at Fingals Fortune during the latter part of 2020, identified several new zones of mineralisation.

    Black Cat commenced drilling with one RC rig in place that is due to be joined by another soon.

    The drilling program is to include a substantial amount of infill drilling, designed to upgrade the current JORC 2012-complaint Mineral Resource.

    Another rig is conducting a sterilisation program for the proposed processing and tailings storage facilities adjacent to Imperial/Majestic.

    “The recommencement of drilling is part of our strategy to increase and upgrade Resources ahead of mining,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

    “Fingals Fortune is shaping up to be a large pit and remains open in all directions and at depth.

    “Drilling will be looking to ensure that Fingals Fortune underpins and further extends the life of mine at the Kal East gold project.

    “This drilling will be included in ongoing Resource upgrades and the next round of studies.

    “These programs support our aim to define one million ounces of Resource and have a wholly owned processing facility with at least three years Ore Reserves ahead of it.”

 
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