BC8 0.00% 68.5¢ black cat syndicate limited

Ann: High Grade Gold ([email protected]/t) in Myhree-Boundary Drilling, page-4

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  1. 6,851 Posts.
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    Excellent news. This corridor just keeps opening up along a 1.4km strike. If BC8 confirms a lot of these corridors are connected, then we are talking about large open cut potential here imo. Just look at the map and check out the size of these things. A lot of these new holes wont be included in the previous resource estimate (from old holes) of over 300,000oz. These results are basically going to add tons and oz's down the track. It also allows the company to get a better understanding of the geology. The old timers may have got some of the obvious high grade, but this area is clearly starting to expose some of its potential the more they drill. There are likely mirror ore bodies under cover and along strike. There is over 5km of total strike potential across the leases and that is a lot of potential. Nice to see the company still has plenty of cash to prove all this up.

    We should be getting ongoing results moving forward across numerous areas. The deep holes are looking for structure and confirmation of the resource continuing at depth. I think it will take a little longer before the penny drops, but the story is growing. good luck.

 
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