Black Cat Syndicate Ltd (BC8) - ASX Release

Thick High-Grade Offset Discovery at Boundary

Black Cat Syndicate Limited (“Black Cat”) is pleased to announce an update of results from RC drilling at Boundary.

Highlight Results

  • The offset position to the south of Boundary was drilled intersecting:

18BORC015, 12m @ 4.17 g/t Au from 67m, including 4m @ 9.83 g/t Au from 70m

  • This result demonstrates that historic drilling did not close off the mineralisation and confirms Black Cat’s geology model that the mineralisation continues in an offset position.

  • Holes targeting depth extension to the Boundary mineralisation were also successful with all holes intersecting gold mineralisation; highlight results include:

18BORC014, 11m @ 2.46 g/t Au from 106m, including 2m @ 5.51 from 113m
18BORC011, 12m @ 1.61 g/t Au from 150m
18BORC012, 1m @ 10.50 g/t Au from 64m

  • Success at Boundary both at depth and at the southern offset, highlights the scale potential of the ~1.4km long Myhree–Boundary Corridor.

  • Further drilling is planned at Boundary and along the Myhree–Boundary Corridor.

Black Cat Managing Director, Gareth Solly said “The first hole drilled into the offset position at Boundary has been successful and opens up significant potential for growth along the Myhree-Boundary Corridor. Now that the concept has been validated, we will continue to drill the southern extension to this high grade deposit. Our focus will be on building scale to allow resource work to commence. We are excited about the potential of this corridor which extends all the way to Myhree,1.4km to the south”.

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.