Black Cat Syndicate connects the dots at Coyote Gold Project

Black Cat Syndicate says final assays from RC drilling at its Coyote Gold operation in Western Australia have closed the gap between the Kavanagh and Speedy prospects.

Assay results from the final 17 RC holes of a 54 hole drill program targeted the ~150m previously untested gap between the prospects – indicating that it is mineralised and extends over a ~300m strike length.

Best results include:

6m at 13.24g/t gold from 278m (22CYRC053A);
4m at 3.41g/t gold from 160m (22CYRC0039); and
2m at 10.25g/t gold from 237m (22CYRC0044).

Black Cat Syndicate (ASX:BC8) says the results increase its confidence of the growth potential within the key Axial Core Zone.

Targeting an updated resource for 2023

Drill results for both the RC and diamond drill programs are being incorporated into an updated Resource expected to be completed in January 2023.

“We have completed the 2022 Coyote drill season on a high note,” MD Gareth Solly said.

“Firstly we have confirmed mineralization in the 150m gap between the Resources at speedy and Kavanagh.

“Our new geology model has been a great success and we are looking forward to announcing the updated Resource in January 2023.

“We have also refined our approach to assaying with a number of significant upgrades on the back of alternative techniques which will be rolled out in 2023.”

Potentially underreported gold grades

Plus, results from a photon assay re-sampling program illustrate that standard fire assay results may be under-reporting gold grades for coarse-gold samples, especially in diamond core.

Notable re-assay results include:

4.56m at 12.54g/t gold from 425.34m (22CYDD001), originally reported as 2.48m at 10.35g/t gold from 426.38m via conventional fire assay; and
0.75m at 15.06g/t gold from 398.55m (22CYDD004), originally reported as 1.50m at 1.44g/t gold from 397.50m via conventional fire assay.

Black Cat says the results indicate that photon assay may be the preferred method for assaying diamond core at Coyote for future programs.

All diamond holes drilled to date at Coyote and select RC drillholes in fresh rock (including several holes reported herein) will be re-analysed using the photon method in the coming months.

This article was developed in collaboration with Black Cat Syndicate Limited, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.