Black Cat Syndicate Reports Near-mine, High-Grade Gold at Paulsens
THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) shook the market awake this morning by releasing additional assay results from previous drilling undertaken at the company’s Paulsens gold operation in Western Australia.
Black Cat Syndicate is undertaking an extensive geological review as part of its objective to find another Paulsens deposit (+1Moz).
This review includes new interpretations of the Paulsens orebody and incorporating all drilling intercepts into revised Resource models.
Structural and 3D seismic reviews are also underway.
Via the review, Black Cat has identified previously unreleased diamond core assay results from drilling undertaken in 2020 that include extremely healthy, near mine, high-grade results from outside of the current reported Resource the company believes highlights strong potential to extend the current 89,000 ounces at 5.8 grams per tonne gold underground Resource.
The results include an astonishing:
PDU4518
1.42 metres at 102.37g/t gold from 19.34m.
This result is no orphan, being supported by others that include:
PDU4550
6.19m at 15.86g/t gold from 23.72m;
PDU4544
0.94m at 58.1g/t gold from 19.50m; and
PDU4542
1.33m at 26.07g/t gold from 22.02m.
Further, thick, high-grade infill results have also emphasised the robust nature of the current Resource, including:
PDU4536
5.72m at 35.32g/t gold from 36.78m; and
PDU4537
5.99m at 25.23g/t gold from 16.88m.
“Paulsens is a high-quality, well-maintained operation with significant Resource growth potential,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.
“We consider the mining and processing of remnant resources could have the potential to repay the Paulsens and Coyote acquisitions.
“However, the main game is to find another Paulsens (+1Moz) near existing underground infrastructure.
“We have made a strong start on this front, with a detailed geological review well underway and are expecting to generate numerous high-quality targets as we embark on our quest to discover another Paulsens with drilling to start in September 2022.
“Our track record to date is that we have discovered 1.5 ounces for every one ounce acquired and we plan to better this at Paulsens.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@bc8.com.au
Web: www.blackcatsyndicate.com.au
