| Announcement Date: | 2021-11-16 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Black Cat Syndicate Ltd. |
| Project name: | Kal East |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 13m @ 37.43g/t Au from 151m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased to announce an update on activities within the Kal East Gold Project (“Kal East”). The Fingals Mining Centre is less than 50km from Kalgoorlie and produced ~420,000t @ 2.7 g/t Au for 56,500 oz from multiple open pits in the early 1990’s, with only limited modern exploration since. The current Resource is 3.7Mt @ 1.9 g/t Au for 222,000 oz and, despite Black Cat having drilled >40,000m, remains open in all directions and at depth. Start-up operations at Kal East are planned to include an underground mine at Majestic in conjunction with an open pit at Myhree. Open pit mining at Fingals is planned to follow completion of the Myhree open pit. Approvals for the open pit at Fingals are expected in the March 2022 quarter. RC infill drilling to the south of the historical open pit was undertaken between July and September 2021 with 57 holes for 8,171m completed. This drilling was designed to infill the southern portion of the growing Fingals Fortune deposit and to allow Resource upgrades to commence ahead of Ore Reserve estimation. Positive results from the first 38 holes were previously reported and included |
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