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Black Cat Syndicate (ASX:BC8) restarts drilling to upgrade Kal East resource
Source: Black Cat Syndicate
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  • Black Cat Syndicate (BC8) has recommenced drilling at Fingals Fortune and Imperial/Majestic, which form part of the Kal East Gold Project in WA
  • By the end of last year, 34,000 metres out of a planned 60,000-metre program had been completed
  • Drilling is designed to upgrade Kal East Gold Project's mineral resource and aligns with Black Cat's plans to construct a processing facility at the project
  • Now that drilling has kicked off, three reverse circulation rigs will continue drilling throughout the quarter
  • Black Cat is trading in the grey at 69 cents

Black Cat Syndicate (BC8) has recommenced drilling activities at Fingals Fortune and Imperial/Majestic, which form part of the Kal East Gold Project in WA.

The Kal East Gold Project comprises 756 square kilometres of highly prospective tenements and has a combined mineral resource of 11.8 million tonnes at 2.3g/t gold for 884,000 ounces.

By December 31, around 34,000 metres of its planned 60,000-metre drilling program had been completed.

Now that drilling has kicked off, three reverse circulation (RC) rigs will continue drilling throughout the quarter. The program is aimed at upgrading Kal East Gold Project's mineral resource.

Towards the end of last year, drilling at Fingals Fortune identified multiple zones of mineralisation.

Previous results include seven metres at 9.12g/t gold from 18 metres, two metres at 19.2g/t gold from 46 metres, five metres at 5.63g/t gold from 172 metres, and three metres at 7.14g/t gold from 95 metres.

"Fingals Fortune is shaping up to be a large pit and remains open in all directions and at depth. Drilling will be looking to ensure that Fingals Fortune underpins and further extends the life of mine at the Kal East Gold Project," Managing Director Gareth Solly said.

Specifically, work throughout the current quarter will include targeting resource extensions at Fingals Fortune and Imperial/Majestic, resource conversion to ore reserves and targeting initial resources at Fingals Fortune, as well as resource, infill and exploration drilling at the Bulong and Wombola deposits.

The exploration work aligns with Black Cat's plans to construct a central processing facility with at least three years of ore reserves ahead of it.

Black Cat is trading in the grey at 69 cents at 12:51 pm AEDT.

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