Black Cat Syndicate Ltd (BC8) - ASX Release

Myhree-Boundary mineralised strike length increases to ~750m

Black Cat Syndicate Limited (“Black Cat”) is pleased to announce an update of results from drilling along the Myhree-Boundary Corridor.

Highlight Results

  • Extensional RC drilling to the south of Boundary has increased the mineralised strike length to ~550m, with results including:

    • 18BORC034, 7m @ 2.75 g/t Au from 69m; and

    • 18BORC036, 2m @ 7.10 g/t Au from 71m.

  • − Extensional RC drilling at Myhree has increased the mineralised strike length to ~200m with better results including:

    • 18MYRC019, 11m @ 4.03 g/t Au from 104m; and

    • 18MYRC017, 1m @ 8.01 g/t Au from 75m.

  • Total strike length of defined mineralisation now increased by >450% to ~750m since drilling commenced in June 2018.

  • Diamond drilling at Boundary, amounting to four holes for 620m, has been completed with assay results expected early January 2019. Core will be used for metallurgical and geotechnical testing.

  • Sub Audio Magnetic (“SAM”) geophysical survey has been completed over the Myhree-Boundary Corridor to refine drill targeting and geological modelling.

  • Further RC drilling is planned to close the remaining ~800m gap between the Myhree and Boundary deposits.

  • Initial work has commenced in preparation for a maiden JORC Resource for Boundary, expected to be announced in the March 2019 quarter.

Black Cat’s Managing Director, Gareth Solly said “The rapid growth of the Myhree-Boundary Corridor is compelling. In the last four months, we have discovered the Myhree lode and defined new mineralisation to the south of Boundary. Currently there is over 750m of mineralisation defined along the 1.6km long Corridor, with obvious potential to further extend this mineralisation. Successful infill drilling at Boundary is paving the way for JORC Resource work to commence. A geophysical survey has also been completed over the Corridor to assist in future drill targeting. We are increasingly excited about the scale potential of this Corridor”.

The information contained has been prepared by third parties. No warranty of accuracy or reliability is given in relation to any advice or information contained in this document and no responsibility for any loss or damage whatsoever arising in any way for any representation, act or omission, whether express or implied (including responsibility to any persons by reason of negligence), is given by DJ Carmichael Pty Limited or any officer, agent or employee of DJ Carmichael Pty Limited.