Black Cat Syndicate (ASX:BC8) has returned a 47.05 grams per tonne gold (Au) intercept from infill drilling at its Coyote Gold Operation in Western Australia’s Tanami region.
The program also identified a gold-bearing dolerite intrusion as a possible source of the mineralisation.
Seven diamond holes for 4,000m were completed at the 100%-owned operation, targeting the Axial Core Zone. Five infill holes tested inferred portions of the 430,000-ounce mineral resource estimate, which grades 8.5g/t Au and is about 54% indicated.
Results include 1.46m @ 47.05g/t Au from 313.54m in CGDD26002, 1m @ 11.07g/t Au from 224m in CGDD26005, and 1.54m @ 4.9g/t Au from 221m in CGDD26007. All intercepts are downhole lengths, not true widths.
Two deeper step-out holes tested for down-plunge extensions. One intersected vein-hosted mineralisation in an altered dolerite intrusion, returning 0.3m @ 1.07g/t Au from 593.81m and 0.3m @ 1.36g/t Au from 653.20m in CGDD26003.
The company says the intrusion is gold bearing and could be the source of gold at Coyote Central. Drilling in 2022 returned ‘no significant gold’ from the dolerite.
Managing Director Chris Stone says the infill results support the resource.
“We are encouraged by the infill drilling at Coyote, which continues to demonstrate grade continuity and provides additional confidence in the resource,” Stone remarks.
Black Cat has intersected ‘significant’ gold in 63 of 73 holes drilled since acquiring Coyote in 2022. A 2024 Scoping Study outlined 200,000 ounces over five years and excluded 307,000 ounces of inferred resources.
The program will pause for the remainder of FY27 to redeploy capital to Paulsens and Kal East. Further drilling above the intrusion, farther south, is planned when exploration resumes.
“We look forward to resuming the Coyote program once we have completed our life of mine activities at the producing assets,” Stone adds.
Black Cat Syndicate is an Australian gold producer advancing a multi-asset portfolio across Western Australia, alongside a critical minerals project.
Write to JC Villarba at Mining.com.au
Images: Black Cat Syndicate
