Black Cat Syndicate (ASX: BC8) has unearthed up to 21.38 grams per tonne gold while drilling at the Myhree prospect within its Bulong gold project east of Kalgoorlie in Western Australia.
The 21.38g/t gold was identified within a 7.7m interval from 123.13m in an extension to the footwall lode.
Other notable results were 3m at 16.01g/t gold from 100.5m and 4.45m at 13.92g/t gold from 64.55m.
Black Cat managing director Gareth Solly said the high-grade 7.7m at 21.38g/t gold result was its “second-best” to-date at an extensional zone to one of the footwall lodes.
“Numerous visible gold intersections and thick zones of high-grade is also pleasing and reinforces our thoughts that Myhree offers a near-term, high-grade mining opportunity.”
Over to the east of the Myhree Boundary Corridor, Black Cat drill several sub-audio magnetics (SAM) targets, which produced “encouraging” results and confirming the presence of mineralisation at early stage targets.
Better results at these early stage targets were 1m at 13.10g/t gold from 29m, 1m at 4.61g/t gold from 90m, and 3m at 2.01g/t gold from 60m.
Mr Solly noted that Myhree had started off with similar results to these early stage SAM targets.
“So, these targets will be a focus of future drilling as we look to add additional mine-ready resources at Bulong,” he added.
Located 25km from Kalgoorlie, Bulong hosts historic workings with small scale production prior to world war I equating to 152,000 ounces of gold at an average grade of 1oz/t.
Production arose primarily out of the Queen Margaret mine.
Since listing on the ASX in January 2018, Black Cat has firmed up a resource of 2.6Mt at 2.4g/t gold for 206,000oz across Queen Margaret, Myhree-Boundary and Trump corridors.
Of that, Black Cat estimates about 168,000oz is potentially amenable to an open pit operation.
Exploration drilling is ongoing during the current quarter and includes Trump, Trump North, Virgin Dam and Woodline targets in addition to Myhree.
By mid-afternoon trade, Black Cat’s shares were up 11.29% to $0.345.