Gold: Black Cat pounces on more gold near Kalgoorlie
Link copied to
Black Cat Syndicate’s (ASX:BC8) follow-up drilling has provided a strong indication of a southern extension to gold mineralisation at the Myhree deposit within its Bulong project near Kalgoorlie.
All seven holes drilled in the Myhree Southern Offset intersected mineralisation with top results of 5m at 6.71 grams per tonne (g/t) gold from a depth of 163m, 6m at 4.58g/t gold from 198m and 2m at 7.27g/t gold from 202m.
Mineralisation remains open to the south and at depth with Black Cat planning to restart extensional drilling later this month.
Diamond coring for test work to determine processing power requirements has also started while assays are pending for drilling at the Trump North and Greater Woodline areas.
“Myhree continues to deliver excellent results and will be prioritised before the next resource upgrade in the March 2020 quarter,” managing director Gareth Solly said.
“All holes into the Myhree Southern Offset to date have intersected mineralisation and confirm the interpretation of the geology and the likely fault offset. Excitingly, Myhree remains open to the south and at depth with significant potential for resource growth.
“In the meantime, infill drilling and metallurgical drilling is currently progressing to upgrade the current resource prior to completion of a maiden ore reserve as part of the Myhree-Trump feasibility study due in the June 2020 quarter.”
Meanwhile, Ora Banda Mining (ASX:OBM) continues to strike high-grade gold from resource definition drilling at the Waihi deposit within the Davyhurst project in Western Australia’s Eastern Goldfields region.
The latest results from drilling to delineate and upgrade an optimal open pit resource and testing for further potential open pit and underground resource extensions feature a top hit of 14m at 18.3g/t gold from 97m including 6m at 41.9g/t gold.
A reinterpretation of the Waihi mineralisation model based on a refined geological understanding obtained from recent drilling is in progress and an updated resource estimate for Waihi is targeted for completion in January 2020.
The company is also continuing near mine exploration planning in the Waihi region.
Waihi comprises the historical Waihi, Homeward Bound and Golden Pole deposits and has a current resource of 914,000 tonnes at 2.4g/t gold for 71,000 ounces of contained gold.
Is Ora Banda about to make a comeback?
Over in Papua New Guinea, Frontier Exploration (ASX:FNT) is planning to carry out additional field work at its Tolukuma project, which surrounds but excludes the Tolukuma underground gold mine.
This follows a review of historical trench and rock chip sampling at the Kimono structure that returned up to 1m at 30.1g/t gold in a trench sample and up to 38.5g/t gold in rock sampling.
Encounter Resources (ASX:ENR) and its joint venture partner Newcrest Mining (ASX:NCM) have defined a 2km zone of gold anomalism that is open to the east and west at the Hutch’s Find prospect in the Tanami region of Western Australia.
The partners are also waiting on assay results from the initial drilling at the Afghan prospect and have started drilling at the Mojave prospect. Newcrest is sole funding exploration activities across a series of joint ventures with Encounter in the Tanami and West Arunta regions in the state.