Black Cat Syndicate Limited (ASX:BC8) has identified a potentially significant high-grade lode in drilling activities at the Bald Hill target at its 100% owned Coyote Gold Operation in Western Australia.
Bald Hill is located ~30km north of the Coyote processing facility and hosts a current Resource of 198koz @ 3.6g/t. Historical mining from the Kookaburra and Sandpiper open pits in the area produced 42koz @ 2.7g/t Au.
Bald Hill represents potential satellite feed with existing haul roads and services in place.
As with Coyote Central, Black Cat has developed a new geology model for Bald Hill. Recent drilling tested the new model at the Sandpiper deposit targeting areas previously thought to be closed off. Pleasingly, gold was intersected in five holes out of the six-hole RC program (1,092m). Importantly, the drilling intersected a potential offset lode that could substantially extend Sandpiper underneath the poorly tested western end of the open pit.
Shallow high-grade mineralisation, outside of current Resources and below the existing open pit, confirmed and extended oxide/transitional mineralisation. Results included:
- 12m @ 3.64g/t Au from 137m (22SPRC0004) – new offset lode
- 2m @ 5.55g/t Au from 54m and 1m @ 5.26 from 70m (22SPRC0001A)
- 4m @ 1.47g/t Au from 103m and 4m @ 1.64g/t Au from 130m (22SPRC0003)
- A thick and high-grade Resource remains at Sandpiper (148koz @ 4.5g/t Au) with historical intercepts including: o 12.1m @ 7.42g/t Au from 205m (SPDD0002)
- 21.0m @ 3.69g/t Au from 366m (BLRCD0001)
- 6.1m @ 8.69g/t Au from 85m (LSR199)
Managing Director, Gareth Solly, said these results present an opportunity to significantly extend mineralisation directly below and along strike of the current open pit.
With 200koz located only 30km north of our Coyote processing facility, Bald Hill provides an excellent potential feed source. With our new geology models and only a handful of holes, we have immediately found a shallow potential offset lode at Sandpiper with good widths and grades,” he said.
“The Coyote region is highly prospective and remains underexplored. We see significant potential to add scale by growing high-grade Resources quickly. Bald Hill is one of many exciting areas we will be drilling in 2023.”
