Black Cat’s Myhree prospect continues to deliver strong results

by Leena Thomas
Image: Black Cat Syndicate Limited

Black Cat Syndicate Limited (ASX: BC8) has announced high-grade results from the recent diamond drilling at Myhree prospect within its Bulong project in WA.

The company reported that the diamond drilling at Myhree intersected numerous zones of high-grade mineralisation.

BC8 said that the holes were drilled into the lower parts of the Myhree system to infill mineralisation at depth for conversion of Inferred Resource to Indicated, while also providing additional core samples for geotechnical and metallurgical test work.

Significant results to date include 6.45m @ 9.43 g/t Au from 228.51m; 1.97m @ 11.68 g/t Au from 155.06m; 2.47m @ 13.62 g/t Au from 84.38m; and 2.14m @ 21.03 g/t Au from 95.06m.

Bulong project

The Bulong gold project is located 25km east of Kalgoorlie in Western Australia by sealed road. Black Cat controls1 ~128km² of the Bulong Project of which ~97% of tenements are granted.

Bulong Gold project comprises of Queen Margaret Package South, Queen Margaret Package North, Porphyny Package, Woodline Package, and Anomaly 38.

The project’s mineral resources are located over 2.4 kilometres on the Myhree-Boundary, Trump, and Queen Margaret corridors.

Bulong has a pre-WW1 history of small scale, high grade gold production, recorded as ~152,000oz @ >1 oz/t Au, predominantly from the Queen Margaret mine.

The Myhree prospect is an area of sporadic shafts sitting between the Queen Margaret Corridor and the Trump Corridor. The Boundary prospect is located 1,400m to the north of Myhree.

Drilling at Myhree

The company had recently commenced diamond drilling at Myhree prospect, which consisted of 6 holes (1,421m including 802m of RC pre-collars.)

BC8 said that these holes were designed to infill mineralisation at depth for conversion of Inferred Resource to Indicated, while also providing additional core samples for geotechnical and metallurgical test work. The company said that the holes were positioned to provide representative samples and rock conditions for potential mining scenarios.

Black Cat said that lithologies encountered included sediments and highly altered mafic rocks, interleaved with ultramafic rocks. The company said that high-gold grades continue to show a correlation between quartz veining, sulphide content, and increased deformation, particularly near the volcanic/sediment contacts.

High-grade drill results

The company reported that the diamond drilling has intersected numerous zones of high-grade mineralisation.

Significant assay results include 20MYDD002: 6.45m @ 9.43 g/t Au from 228.51m; 20MYDD003: 1.99m @ 8.30 g/t Au from 242.43m, 7.3m @ 3.30 g/t Au from 265.46m; 20MYDD007: 0.85m @ 13.55 g/t Au from 129.48m, 3.05m @ 5.72 g/t Au from 134.11m, and 1.97m @ 11.68 g/t Au from 155.06m;  20MYDD008: 2.47m @ 13.62 g/t Au from 84.38m, 2.14m @ 21.03 g/t Au from 95.06m, and 0.94m @ 22.35 g/t Au from 99.34m; and 20MYDD0010: 2.38m @ 4.55 g/t Au from 144.10m, 1.77m @ 4.61 g/t Au from 151.02m, and 4.66m @ 6.58 g/t Au from 191.69m.

Black Cat announced that the results from these holes show that the high grades continue in predictable positions with all holes hitting multiple mineralised zones as anticipated.  The company said that additional diamond holes are underway to test deeper in the mineralised system.

Latest updates and planned activities

BC8 said that it is continuing an exploration program that will target extension of mineralisation at Myhree.

Black Cat also announced the recent and upcoming activities for 2020, which includes the following.

May-June 2020: Black Hills and South Three acquisition and completion.

May-July 2020: acquisition and completion of Fingals and Rowe’s Find from Silver Lake.

July 2020: Myhree diamond drilling results; Bulong regional RC drilling results; Fingals priority drilling plan; 30 June 2021 JMEI tax credit allocation to be advised; and 30 June 2020 quarterly activities statements to be distributed to shareholders.

August 2020: 30 June 2020 JMEI tax credit statements to be issued; and Myhree diamond drilling results.

September 2020: audited financial statements; and additional metallurgical testwork results.

September 2020 quarter: Myhree feasibility study.

Management comments

Black Cat’s Managing Director, Gareth Solly said: “Myhree continues to deliver strong results, with high-grade intersections consistent with previous drilling as per our expectations. The geotechnical results and positive gold assays will be fed into the Myhree mining study.

The recent RC drilling at Bulong has also now been completed and assays are expected in mid-July 2020. Additional diamond holes are currently being drilled at Myhree with results due in late August 2020. RC drill planning on priority targets at Fingals is now underway and will be announced in July 2020.”