Black Cat Syndicate extends Myhree’s potential with latest high-grade gold assays
Black Cat Syndicate (ASX: BC8) has discovered more gold mineralisation at the Myhree prospect within its Bulong gold project near Kalgoorlie in Western Australia.
Recent reverse circulation drilling has identified gold mineralisation parallel to the existing known strike as part of Black Cat’s efforts to evaluate a possible east-west high-grade vein.
Highlight results were 28m at 6.59 grams per tonne gold from 5m, with the hole ending in mineralisation; 3m at 41.95g/t gold; and 9m at 10.11g/t gold from 24m, with the hole also terminating in mineralisation.
“The thick zones of mineralisation at Myhree are pleasing and demonstrate a robust project that continues to provide consistently high grades,” Black Cat managing director Gareth Solly said.
He noted the latest round of drilling had been completed to advance the feasibility study on Myhree, which includes sterilisation of potential infrastructure sites and fine tuning the resource model.
“The potential for additional resource upside as a result of the results in the north of Myhree will be investigated when drilling resumes in late May 2020,” Mr Solly said.
Bulong gold project
Today’s positive drill results follow a resource upgrade for the entire Bulong project that was released at the end of March.
The Bulong resource now totals 3.5 million tonnes at 2.6g/t gold for 294,000 ounces of the precious metal.
Global resources at Bulong included two maiden resources – one for Anomaly 38 of 300,000t at 1.9g/t for 19,000oz, and the other for Strathfield of 200,000t at 1.8g/t gold for 10,000oz.
A feasibility study for the project is anticipated in the current quarter, but Black Cat noted there may be some delay due to the current COVID-19 situation.
All up, Bulong covers 128 square kilometres of tenements about 25km east of Kalgoorlie.
The project was historically mined, with pre-world war one production equating to about 152,000oz at 30g/t gold.
This was predominantly from the project’s Queen Margaret mine.