Black Cat said the Black Cat Witch hello darkness my old friend Halloween New T-shirt new site had “substantial” exploration capabilities, both near the mine and the area. Trojans were mined between 2000 and 2004 by the former New Hampton Goldfields, producing 125,129 oz of gold with an average of 1.7 grams/ton.
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The Slate Dam is located 10km east of the Bulong project and is an advanced exploration project on potential areas of Lake Yindarlgooda.
Clinker Hill is also located near Fingals and is an early-stage exploration project that, according to the Black Cat Witch hello darkness my old friend Halloween New T-shirt company, features the structures that link the multimillion-ounce Mt Monger mining center to their Bulong Gold project.
Mt Monger is operated by Silver Lake Resources (ASX: SLR).
In July, Silver Lake Resources announced it had become a significant shareholder of Black Cat, holding an 8.74% stake.
This was followed by the sale to Black Cat of Fingals and Rowe’s Find, in exchange for 8.4 million Black Cat shares.
The July acquisition increased the Black Cat Witch hello darkness my old friend Halloween New T-shirt company’s resources by 145% with newly acquired projects located on mining lease contracts granted strategically close to Black Cat’s Bulong gold project.
Advances towards more than 1Moz
After completing this latest acquisition, Black Cat will have resources of 10.8 million tons for 2.4g / ton of gold, including Bulbs (294,000oz), Fingals ( 515,000oz) and Rowe’s Find (17,000oz).
Black Cat CEO Gareth Solly said the Trojan deposit has a strong synergy effect on the company’s gold project Fingals and provides a short-term opportunity.
“This acquisition pushes the Black Cat towards its goal of more than 1 million ounces of resources,” he added.
The Trojan has paid out a non-refundable deposit of $ 50,000 with $ 450,000 remaining due, expected to happen in early October.
Aruma Resources today said the sale of these projects. set them free to focus on their other four gold projects Saltwater and Melrose in Pilbara, Scotia South in southeastern WA, and Capital in the Goulburn region of New South Wales.