| Announcement Date: | 2022-09-20 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Black Cat Syndicate Ltd. |
| Project name: | Coyote |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 9m at 19.22g/t Au from 172m |
| 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 drilling activities at the 100% owned Coyote Gold Operation (“Coyote”). Coyote is hosted within a parasitic anticline within the larger folded Coyote sequence. Gold sits within the fold hinge and the limbs as stratigraphic parallel high-grade veins. The veins generally range in width from 1cm to 10cm and often form as swarms frequently with bonanza grades. Mineralisation occurs within multiple stratigraphic horizons and remains open along strike, down plunge and at depth. Drilling is looking to simultaneously grow (extensional) and upgrade (infill) the existing high-grade Resources Speedy (Figures 2 & 4) is a near surface set of stacked, high-grade quartz veins centred around the Coyote Anticline. Mineralisation occurs sub-parallel to bedding on both limbs, as well as within the hinge of the fold. The Southern Limb veins dip steeply to the south at around 85°, while the Northern Limb veins dip north at around 25°. The purpose of the 37-hole drill program is to upgrade and grow the high-grade Speedy Resource of 54koz @ 7.4g/t Au. New results from an additional seven holes have now been received and include |
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