Black Cat Syndicate (ASX:BC8) - Managing Director, Gareth Solly
Managing Director, Gareth Solly
Market Herald logo


Be the first with the news that moves the market
  • Black Cat Syndicate (BC8) announces promising results from various deposits at the Kal East Gold Project in Western Australia
  • Highest grades came from Majestic North and Fingals Mining Centre which returned up to 8.68 grams of gold per tonne (g/t)and 9g/t gold respectively
  • Additionally, drilling at the Wombola area confirms the continuity of a >1500-metre trend of gold anomalism that sits north of historical open pits
  • Around 85,000 metres have been drilled at Kal East over FY21 and another 80,000 metres is planned to grow and upgrade the resource
  • Company shares are trading steady at 60 cents at 1:20 pm AEST

Black Cat Syndicate (BC8) has received results from reverse circulation (RC) drilling at the Kal East Gold Project in Western Australia.

So far 19 holes have been drilled at the Majestic deposits to increase the mineral resources between and below the open pits, and to upgrade the resources to reserves.

Recent results include four metres at 5.44 grams of gold per tonne (g/t) from 68 metres, eight metres at 5.81g/t gold from 68 metres, and 12 metres at 1.2g/t gold from 80 metres at Majestic West.

Results from Majestic North include two metres at 8.68g/t gold from 130 metres and four metres at 2g/t gold from 24 metres.

The assays confirm high grades under the northern part of the Majestic pit and also identified multiple hanging wall lodes below the Majestic West pit.

A 66-hole drill program was completed at the Fingals Mining Centre in May and results from the last 26 holes have just been announced.

Best results include six metres at 3.4g/t gold from 48 metres, four metres at 2.04g/t gold from 84 metres, and four metres at 9g/t gold from 16 metres.

The company was particularly interested in the 9g/t gold result as it sits on an underexplored felsic porphyry under a large gold-in-soil anomaly and lies four kilometres north of Fingals Fortune.

Another 20 holes were drilled at the Trojan Mining Centre to target parallel shears. Results have been received for the remaining six holes and include five metres at 2.11g/t gold from 52 metres, four metres at 1.42g/t gold from 72 metres and five metres at 1.41g/t gold from 19 metres.

Lastly, 24 holes were drilled at the Wombola area which confirmed the continuity of a >1500-metre trend of gold anomalism that sits north of the historical open pits.

Drilling returned four metres a 1.12g/t gold from 68 metres and four metres at 1.18g/t gold from 52 metres which indicate the potential for further mineralised structures.

The ongoing drilling program at the Kal East Gold Project is progressing well with 85,000 metres drilled from July 1 2020 to June 30 2021. The company plans to drill another 80,000 metres this year to grow and upgrade the resource and make further discoveries.

Company shares were trading steady at 60 cents at 1:20 pm AEST.

BC8 by the numbers
More From The Market Herald
Tempus Resources (ASX:TMR) - Non Executive Chairman, Alexander Molyneux

" Tempus Resources (ASX:TMR) hits 33.7g/t gold at Blue Vein

Tempus Resources (TMR) has intersected up to 33.7 grams of gold per tonne (g/t) from the newly discovered Blue Vein.
West African Resources (ASX:WAF) - Executive Chairman, Richard Hyde

" West African Resources (ASX:WAF) to acquire 90pc interest in Kiaka

West African Resources (WAF) has entered into definitive agreements to acquire 90 per cent of the Kiaka gold project from B2Gold and their

" Moho Resources (ASX:MOH) eyes $1.51m & enters agreement with Whistlepipe

Mining company Moho Resources (MOH) has completed a bookbuild to undertake a $1.51 million placement.
The Market Herald Video

" ASX debutant Eastern Metals (ASX:EMS) to develop former Kidman Resources’ projects

Eastern Metals (EMS) began trading on the ASX today after raising $6 million through its IPO.