- Black Cat Syndicate (BC8) continues to receive strong results from Fingals Fortune at the Kal East Gold Project in Western Australia
- Extensional and infill reverse circulation drilling was completed to infill the southern portion of Fingals Fortune and to allow for resource upgrades
- Results have been received for a further 11 holes which saw grades peak at 19.36 grams of gold per tonne
- Drilling is currently focused on the Majestic and Fingals mining centres, and the Black Hills, Trojan, Slate Dam and Bulong areas
- Black Cat is trading down 1.82 per cent at 54 cents per share at 3:20 pm AEDT
Black Cat Syndicate (BC8) is continuing to receive strong results from Fingals Fortune at the Kal East Gold Project in Western Australia.
The Kal East Gold Project consists of 756 square kilometres of highly prospective tenements and has a JORC 2012 mineral resource of 14.3 million tonnes at 2.2 grams per tonne of gold (g/t) for 1,024,000 ounces.
Extensional and infill reverse circulation (RC) drilling was completed between July and September with 55 holes drilled.
The aim of this drilling was to infill the southern portion of Fingals Fortune and to allow resource upgrades to begin ahead of an ore reserve estimation.
Results have been received for 27 holes with a further 11 newly received.
Best results include three metres at 19.36g/t gold from 120 metres, three metres at 8.57g/t gold from 148 metres and four metres at 8.13g/t gold from 91 metres.
Results for the remaining 17 holes are expected in November.
More than 77,000 metres of drilling has been undertaken this year with Black Cat targeting 95,000 metres before the end of the year.
Drilling is currently focused on the Majestic and Fingals mining centres, and the Black Hills, Trojan, Slate Dam and Bulong areas.
Managing Director Gareth Solly is excited by the new results.
“Fingals Fortune continues to provide strong results, as predicted. The area has clearly been overlooked for decades and the potential for additional high-grade structures beyond our identified open pit targets is exciting,” Mr Solly said.
“Two RC rigs are now drilling for additional discoveries across Kal East. Resource upgrades and ore reserves will be announced during the December 2021 quarter.”
Black Cat was trading down 1.82 per cent at 54 cents per share at 3:20 pm AEDT.