- Black Cat Syndicate (BC8) completes regional exploration drilling at Fingals Fortune and Jones Find within the Kal East Gold Project in Western Australia
- A total of 25 holes were drilled at Fingals Fortune to target potential alternate structures at Fingals East and the continuation of known mineralisation
- Black Cat also drilled 69 reverse circulation and one diamond hole at Jones Find to target extensions to the north and confirm mineralisation in the south
- Overall, grades peaked at 26.81 grams of gold per tonne (g/t) from Fingals and 11.65g/t gold from Jones Find
- Shares in Black Cat are up 2.75 per cent on the market and are trading at 56 cents
Black Cat Syndicate (BC8) has completed regional exploration drilling at Fingals Fortune and Jones Find within the Kal East Gold Project.
The Kal East Gold Project consists of 756 square kilometres of highly prospective tenements and has produced more than 600,000 ounces of gold.
A total of 25 holes, for 2314 metres, were drilled in September at Fingals Fortune to target potential alternate structures at Fingals East and the continuation of known mineralisation.
Results include two metres at 26.81 grams of gold per tonne (g/t) from 69 metres, two metres at 18.62g/t gold from 45 metres and one metre at 7.44g/t gold from 77 metres.
These intercepts represent priority targets that will be drilled again early next year and a full structural review is planned to aid with further target testing.
Black Cat has also drilled 69 reverse circulation (RC) and one diamond hole at Jones Find, for a total of 5280 metres, to target extensions to the north and confirm mineralisation in the south.
Results are pending for roughly 1500 metres of drilling but results have so far peaked at seven metres at 11.65g/t gold from 43 metres.
The central area remains untested and is a high priority for Black Cat going into 2022.
Further, drilling was undertaken at the Juglah Prospect in November with 14 holes drilling to test possible north-northeast-trending shear orientations.
Two of the holes intersected historical mine voids with results of four metres at 8.43g/t gold from 10 metres and two metres at 8.02g/t gold from 17 metres.
Additional drilling is currently being planned to follow up on the extensions and historical shafts in the area.
Managing Director Gareth Solly commented on the results.
“As the results continue to roll in from the labs, it is great to see our discovery targets delivering success,” Mr Solly said.
“The Kal East Gold Project has a substantial pipeline of early-stage targets that have either been underexplored or overlooked in the past. These targets will be systematically explored and have the potential to add significant ounces to our resource base.”
Shares in Black Cat were up 2.75 per cent on the market and were trading at 56 cents at 11:32 am AEDT.