BC8 3.28% 63.0¢ black cat syndicate limited

Ann: Thick High-Grade Mineralisation Continues at Depth at Myhree, page-25

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    Hartleys write up.



    BC8 (Black Cat Syndicate, -4.8% to 20.0cps, m.cap A$10m,Gold): John Macdonald

    · Notesfrom Tuesday’s site visit to Black Cat’s Bulong Gold project.

    · BlackCat has drilled and reported on 290 holes (25km) at Bulong since listingin early 2018.

    · Goldmineralisation associated with altered porphyry intrusions occurs in severalprospect locations along a structural corridor about 6km long and 1km wide.

    · Afurther 10km to the north remains relatively untouched and under shallow cover.

    · BC8has estimated resources of 109kozs at Bulong, which it plans to build on.

    · Thestyle of mineralisation echoes that of Kanowna Belle, although not yet in termsof gold endowment.

    · Theproject sits 30km east of Kalgoorlie, in the neighbourhood of Saracen, SilverLake, McPhersons, Riversgold and Breaker. All are eyeing each other foropportunities.

    · Worthwhilewatching for a breakthrough.

    No formal coverage.
 
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