BLACK Cat Syndicate (ASX: BC8) has reported that its Myhree deposit near Kalgoorlie, WA, has uncovered a large gold interval grading 1130g/t.
The interval was 0.5m and within a broader intercept of 1.7m grading 335.96g/t gold.
Infill drilling is underway at the deposit to update the resource and provide further information on the geological, geotechnical and metallurgical characteristics of the mineralisation.
Other assays received to-date included1.7m at 335.96g/t from 52.2m, 7m at 9.84g/t gold from 59.5m, 4.74m at 5.99g/t gold 166.3m, and 3.04m at 3.07g/t gold from 140.6m.
Part of the Bulong gold project, the Myhree and Trump deposits are undergoing open pit feasibility studies by Black Cat, due for completion in the June 2020 quarter with extensional RC drilling kicking off in the current period.
The project covers 128sqkm of tenements about 25km east of Kalgoorlie, and has access to infrastructure, regional mills, support services and a nearby workforce to draw from.
RC drilling will also follow up mineralisation to the south-east of Myhree (the Southern Offset), where previous results were 10m at 2.77g/t gold.
Extensional drilling will also be undertaken at Trump North and will re-test previous results of 4m at 13.46g/t gold.
Black Cat managing director Gareth Solly said the first diamond holes into Myhree show the deposit’s “outstanding potential”.
“We are also about to commence reverse circulation drilling to test the Myhree Southern Offset,” he said
“Confirmation of the offset will have important implications for the current feasibility study.”
