| Announcement Date: | 2023-01-16 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Black Cat Syndicate Ltd. |
| Project name: | Coyote |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| 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 provide an updated JORC 2012 Mineral Resource (“Resource”) at Coyote Central, part of the 100% owned Coyote Gold Operation (“Coyote”) in Western Australia. Since acquiring Coyote in June 2022, Black Cat has completed successful campaigns of both RC and diamond drilling targeting both extensional and infill areas in support of Resource growth and mining studies. High grades have been consistently intersected along with multiple vein swarms which have been used to support the first combined Resource over Coyote Central since 2008. All Black Cat’s 2022 drilling results (72 holes, 16,358m) have been used in determining the new Resource. Black Cat’s drilling at Coyote Central focused on the previously unmined Axial Core Zone, directly north of the historical workings. This drilling has supported an increase in contained gold of 101% from 131koz to 264koz within this zone, and an overall increase in Coyote Central Resource of 58% from 267koz to 424koz. Indicated Resources have also increased significantly, with a 191% increase from 79koz to 228koz, and now accounts for ~54% of the total Resource. Open pit Resources are now 80% Indicated. This Resource update brings the current total Resources at Coyote to 645koz @ 5.5g/t Au. |
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