Black Cat Syndicate Limited (ASX:BC8) has obtained further drilling success at the Myhree open pit within the Kal East Gold Project in Western Australia.
Highlights
• Final RC grade control drilling at Myhree was undertaken in June 2022. The first half of assay results have been returned and reinforce the high-grade open pit Ore Reserve1 of 0.6Mt @ 2.4 g/t Au for 46koz.
• Results include:
o 5m @ 19.63 g/t Au from 33m (22MYGC037)
o 7m @ 7.36 g/t Au from 30m (22MYGC038)
o 3m @ 7.29 g/t Au from 18m and 6m @ 13.91 g/t Au from 32m (22MYGC022)
o 4m @ 12.38 g/t Au from 37m (22MYGC036)
o 7m @ 4.89 g/t Au from 8m (22MYGC031)
o 3m @ 8.21 g/t Au from 6m (22MYGC032)
o 2m @ 10.24 g/t Au from 5m (22MYGC033)
o 4m @ 6.36 g/t Au from 27m (22MYGC039)
o 3m @ 11.12 g/t Au from 27m (22MYGC040)
• All grade control drilling at Myhree is now complete and remaining assays are expected in August 2022.
• Myhree open pit is fully approved and mining can commence once an ore processing solution is secured. Discussions with interested parties are ongoing
“Myhree was Black Cat’s first discovery in 2018 and it is satisfying to know it has the potential to be our first producing mine. With the final results due within weeks, Myhree is now ready for production, subject to securing a processing solution for the high-grade ore,” Black Cat’s Managing Director, Gareth Solly, said.
Grade Control at Myhree Mining Centre (M25/24) 100%
A high-grade open pit Ore Reserves of 0.6Mt @ 2.4 g/t Au for 46,000oz have been defined at Myhree. The remaining grade control drilling (~4,000m) is now complete on the upper 50m of the open pit Ore Reserve.
Mining can commence at Myhree either as part of a toll treatment arrangement or as the first open pit to be developed once the Kal East processing facility is constructed. Discussions about potential toll treatment options are ongoing.
The grade control program not only focused on areas within the Resource, but also tested single elevated assays outside of the main mineralisation zone. This resulted in some barren holes being drilled to confirm that minable mineralisation was not missed in wider spaced drilling.
Where grade control drilling intersected modelled mineralisation, results confirm that Myhree is a high-grade, near surface deposit. For further information please visit: https://www.blackcatsyndicate.com.au/
