Intersects 4m @ 34.05 g/t Au To End of Hole In Latest Gold Drilling Programme
Black Cat Syndicate Limited (ASX:BC8) has continued its drilling success at Fingals Fortune target, part of the Kal East Gold Project in Western Australia.
The company has drilled 96 infill RC holes at Fingals Fortune in 2021. Drilling was designed to upgrade the Resource in areas of lower drill density. Results from the first 60 holes show multiple high-grade zones within the Resource and at depth. Results include:
- 4m @ 34.05 g/t Au from 122m, ended in mineralisation, to be extended as a priority;
- 12m @ 2.99 g/t Au from 61m; and
- 3m @ 8.70 g/t Au from 106m
The company says results show strong potential for underground mining following a two-stage open pit and will be incorporated into a Resource upgrade to be released in April 2021. The deposit remains open in all directions.
Black Cat’s ongoing drilling programme is progressing well with ~62,000m drilled since July 2020. An RC rig has recently completed an exploration and extension program at the Majestic Mining Centre and is now targeting a line of historical shafts that extend for ~750m to the south of Fingals Fortune.
Managing Director, Gareth Solly said the company has now received full approval from the Department of Mines, Industry Regulation and Safety has now been received in respect of the initial planned open pits at Kal East, being Myhree Stages 1 and 2. No further approvals are required to commence mining this deposit.
“Fingals Fortune has the potential to be a significant two stage open pit with satellite pits at Fingals East and underground mining at depth,” Mr Solly said.
“Additional drilling targeting high-grade extensions will be ongoing in order to grow Resources and to further increase potential mine life.
“With the recent acquisition of grinding mills and good progress in sourcing other key components of a processing facility, we are well placed to transform into a near-term producer.
“This has been reinforced by approval of the planned Myhree open pit. Ongoing drilling will focus on Resource and mine life extensions.”
Black Cat’s ongoing drilling programme is progressing well with ~62,000m drilled from July 1, 2020 to February 28, 2021.
RC drilling has recently focussed on upgrading Inferred Resources to Indicated for calculation of Ore Reserves. Black Cat intends to drill, report and update Resources on an ongoing basis.
RC drilling activity will focus on the following programmes through the March 2021 and June 2021 quarters:
- Majestic Mining Centre: Resource extensions and infrastructure sterilisation;
- Fingals East: maiden Resources;
- Fingals Fortune: Resource extensions and infill drilling;
- Rowe’s Find: Resource extensions;
- Bulong & Black Hills: Resource infill and exploration drilling; and
- Wombola: Resource extension and exploration drilling.