| Announcement Date: | 2022-08-15 |
|---|---|
| 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 @ 17.47g/t Au from 46m |
| 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 the return of the final grade control drilling results from the Myhree open pit, part of the Kal East Gold Project (“Kal East”). A high-grade open pit Ore Reserve of 0.6Mt @ 2.4 g/t Au for 46koz has been defined at Myhree1. Grade control drilling down to 50m has been completed on the Ore Reserve for the open pit which extends to a depth of 135m. Mining can commence at Myhree either as part of a toll treatment arrangement or as the first open pit to be developed once the Kal East processing facility is constructed. Discussions about potential toll treatment options are ongoing. Final results from the grade control drilling include The grade control program not only focused on areas within the open pit Resource, but also tested single elevated assays outside of the main mineralisation zone. This resulted in some barren holes being drilled to confirm that minable mineralisation was not missed in wider spaced drilling. Where grade control drilling intersected modelled mineralisation, results confirm that Myhree is a high-grade, near surface deposit |
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