Black Cat Syndicate Limited (ASX:BC8) has obtained strong final grade control drilling results from the Myhree open pit, part of the Kal East Gold Project in Western Australia.
Highlight
- Final grade control RC drilling at Myhree was completed in June 2022. The first half of assay results were returned in July 20221 with the balance now received.
- The results reinforce the high-grade open pit Ore Reserve2 of 0.6Mt @ 2.4 g/t Au for 46koz from within the Myhree open pit Resource3 of 0.7Mt @ 2.9 g/t Au for 65koz.
- New results include:
- 4m @ 17.47 g/t Au from 46m (22MYGC064)
- 4m @ 11.62 g/t Au from 30m (22MYGC056)
- 3m @ 10.73 g/t Au from 22m (22MYGC107)
- 6m @ 5.87 g/t Au from 38m (22MYGC078)
- 2m @ 10.11 g/t Au from 52m (22MYGC064)
- 2m @ 9.76 g/t Au from 40m (22MYGC069)
- 7m @ 4.69 g/t Au from 18m (22MYGC057)
- 3m @ 5.15 g/t Au from 21m (22MYGC056)
- The Myhree open pit is fully approved and mining can commence once a processing solution is secured. Discussions with interested parties are ongoing.
The final assay results from grade control at Myhree have returned more high grades and demonstrate the robust nature of this shallow open pit,” Managing Director, Gareth Solly, said.
“In addition, we have two drills spinning at Coyote and preparations for our initial drilling at Paulsens are well underway. All of our gold projects are high-grade, have excellent exploration potential and provide options for low capital cashflow generation.”
The grade control programme not only focused on areas within the open pit 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.
Sterilisation drilling of the proposed waste dump for the Boundary Open Pit was also completed. Results confirmed the suitability of the area to be utilised for infrastructure to facilitate near term mining of the Myhree and Boundary open pits.
