Black Cat has actually shown up its brand-new geological design for the Bald Hill location with drilling converging a prospective brand-new state-of-the-art lode at the Sandpiper deposit.
5 of the 6 holes drilled beyond the existing resource and listed below the existing open pit converged gold mineralisation consisting of a prospective balanced out lode that might considerably extend Sandpiper below the inadequately checked western end of the open pit in Western Australia.
This is possibly really rewarding for Black Cat Distribute (ASX: BC8) as it might considerably enhance existing resource of 198,000 oz of gold at 3.6 grams per tonne at Bald Hill, which might offer satellite feed to its Coyote Gold Operation about 30km to the south.
Noteworthy arise from the drilling consist of the 12m struck grading 3.64 g/t gold from a down-hole depth of 137m (22SPRC0004) which converged the possible brand-new balanced out lode while hits of 2m at 5.55 g/t gold from 54m and 1m at 5.26 g/t gold from 70m (22SPRC0001A) in addition to 4m at 1.47 g/t gold from 103m and 4m at 1.64 g/t gold from 139m (22SPRC0001A) verified and extended oxide/transitional mineralisation.
Feeding Coyote
Handling director Gareth Solly stated that with nearly 200,000 oz of gold situated simply 30km to the north, Bald Hill represented an outstanding possible feed source for the business’s Coyote processing center.
” With our brand-new geology designs and just a handful of holes, we have actually right away discovered a shallow possible balanced out lode at Sandpiper with excellent widths and grades,” he included.
” The Coyote area is extremely potential and stays underexplored. We see substantial capacity to include scale by growing state-of-the-art resources rapidly. Bald Hill is among lots of amazing locations we will be drilling in 2023.”
Drilling within the primary Coyote location has actually likewise returned some leading rack outcomes
Bald Hill with the Sandpiper (foreground) and Kookaburra (background) open pits. Photo: Provided
On Bald Hill
Bald Hill becomes part of the more comprehensive Coyote Gold Operation and consists of the formerly mined sandpiper and Kookaburra oxide gold open pits, which traditionally produced 42,000 oz of gold at a typical grade of 2.7 g/t.
Mineralisation at Bald Hill stays open with the drill results converging oxide/transitional mineralisation in locations which were formerly believed to be blocked.
This provides a chance to considerably extend mineralisation straight listed below and along strike of the existing open pit.
Additional drilling and resource upgrades for the location will be performed throughout 2023.
This short article was established in partnership with Black Cat Distribute, a Stockhead marketer at the time of publishing.
This short article does not make up monetary item guidance. You need to think about getting independent guidance prior to making any monetary choices.
