What do you do while you personal the one gold processing infrastructure for 200km? … You progress to consolidate all the possible floor round it, after all.
That’s precisely the technique that Black Cat Syndicate (ASX:BC8) is using with various strategic acquisitions round its Coyote Gold Operations in Western Australia.
Of explicit curiosity is the Bald Hill tenement which surrounds the corporate’s current Bald Hill deposits which have present sources of 198,000oz at a mean grade of three.6 grams per tonne (g/t) gold.
The E80/5871 tenement covers about 122.5km2 and hosts a number of gold prospects similar to Cuckoo, Hawk, Lyrebird and Vulture-Time period – all of which have historic high-grade gold intersections.
It additionally hosts a 1.2km lengthy copper-lead-zinc base metals anomaly.
Foghorn and Gardner Dome
Black Cat additionally acquired the Foghorn and Gardner Dome tenements which together with Bald Hill about doubles its landholding at Coyote. These tenements are potential for gold, base metals and uncommon earths.
“At Coyote we personal the one processing infrastructure for 200km and these acquisitions, topic to completion, are a pure match for Black Cat,” managing director Gareth Solly stated.
“The Bald Hill acquisition comprises high-grade non-JORC deposits that encompass our current Assets in addition to our potential new discovery. There are additionally quite a few anomalies containing high-grade gold that haven’t been adopted up.
“The area additionally has demonstrated uncommon earth potential with Gardner Dome particularly masking quite a few recognized uncommon earth anomalies.”
New tenements
Gold mineralisation at E80/5871 (Bald Hill) is related to east-southeast plunging folds inside the Higher Stubbins Formation, just like mineralisation on the Bald Hill deposit.
Historic drilling returned outcomes similar to 3m at 14.03g/t gold from a down-hole depth of 21m and 1m at 15.19g/t gold from 15m on the Cuckoo goal, 3m at 7.43g/t gold from 116m and 4m at 6.37g/t gold from 86m at Hawk, 1m at 11.11g/t gold from 22m at Lyrebird, and 1m at 8.76g/t gold from 32m at Vulture-Tern.
Cuckoo and Hawk additionally host non-JORC sources which additional spotlight their potential to feed into the Coyote processing facility.
In the meantime, the untested base metals anomaly was outlined by lag geochemical sampling inside the Higher Stubbins Formation.
Foghorn contains the E80/5870 and E80/5869 tenements which cowl 80.5km2 inside 30km of the Coyote processing facility alongside the Trans-Tanami Fault to the northwest.
E80/5870 is roofed by post-mineralisation sediments and has seen minimal exploration although geophysical interpretation signifies that it’s underlain by Paleoproterozoic granitoids intruding the Killi Killi Formation.
Given its location inside the TransTanami Fault zone, this space is taken into account potential for gold mineralisation like that seen at Coyote.
Moreover, latest geophysical surveys point out E80/5869 – positioned inside the Trans-Tanami Fault hall – is underlain by faulted granite, which can be potential for fault-hosted gold mineralisation.
Uncommon earths potential
The remaining Gardner Dome tenement (E80/5684) covers 213km2 about 84km north of the Coyote plant and is adjoining to Crimson Mountain Mining’s Mount Mansbridge REE venture and 20km from Northern Minerals’ Browns Vary REE venture.
Gardner Dome comprises sediments which might be identified to host unconformity kind REE mineralisation elsewhere within the area, most notably at Mount Mansbridge and Mount Mansbridge South.
REE mineralisation potential exists at Gardner Dome with radiometric anomalies like these at Mount Mansbridge and Mount Mansbridge South.
This text was developed in collaboration with Black Cat Syndicate, a Stockhead advertiser on the time of publishing.
This text doesn’t represent monetary product recommendation. You must take into account acquiring impartial recommendation earlier than making any monetary selections.
