| Announcement Date: | 2022-02-01 |
|---|---|
| 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. 4m @ 14.08g/t Au from 51m |
| 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 RC and diamond drilling results from Jones Find, part of the Majestic Mining Centre at the Kal East Gold Project (“Kal East”). Jones Find is located 1.5km east of the planned 800,000tpa Kal East processing facility. The area saw minor workings in the 1930’s when gold nuggets were uncovered during installation of a sheep station fence. Small shafts have been sunk on quartz reefs, which have also been exposed as a stockwork of quartz veins in a 300m costean. Black Cat acquired Jones Find in June 2020 with first drilling in October 2020. Several campaigns of drilling have been undertaken in the northern area of the deposit culminating in a maiden open pit Resource of 0.78Mt @ 1.3 g/t Au for 33,000oz in September 20211. Subsequent drilling was undertaken between September and December 2021 testing the extension of structures to the south and to infill the current Resource. The first 49 extensional RC holes were announced in December 20212 with highlights including |
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