Black Cat Syndicate Ltd (BC8) - ASX Release

Extensional drilling underway at Myhree-Boundary

Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased to advise that RC drilling has resumed at the Bulong Gold Project (“Bulong”).

  • Drilling has recommenced along the 1,550m long Myhree-Boundary Corridor.

  • 1,900m RC drilling program to follow up on previous shallow, high-grade intercepts and to extend the mineralised strike length at Myhree, Boundary and Trump.

  • An initial JORC Resource down to 100m at Boundary will be released in the March 2019 quarter and this drilling program will be extensional to the initial Resource.

Black Cat’s Managing Director, Gareth Solly said “We are excited to be starting our 2019 drilling campaign along the Myhree to Boundary Corridor. The discovery of Myhree and substantial growth at Boundary were standout successes for us in 2018 and we are keen to continue that success this year as we close the under explored gap between them. The recent SAM geophysics survey has already identified new targets along the Corridor. Our strategy is to build a substantial resource base from multiple deposits, and to that end, we will also be undertaking RC drilling programs at both Trump and Strathfield in the near term”.

Figure 1: RC Drilling at the Boundary deposit

Figure 1: RC Drilling at the Boundary deposit

 

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