Black Cat Syndicate Delivers Near Mine Growth from Paulsens Drilling
THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) reported latest results from underground diamond drilling undertaken at the company’s 100 per cent-owned Paulsens gold operation in Western Australia.
Black Cat Syndicate received high-grade extensional results from drilling carried out in the upper, middle and lower Main Zone outside the current Paulsen Resource.
Main Zone is considered to host growth opportunities adjacent to known lodes, from un-developed veins adjacent to the decline and down plunge extensions.
The company highlighted the results to be located near existing or planned development, requiring minimal additional access capital.
Recent drilling from the Upper Main Zone targeted extensions to hangingwall lodes within the Main Zone, including potential down plunge extensions to the Apollo deposit.
Results from outside the current mine plan in the upper section of the mine include:
PGGC23043
5.41 metres at 9.25 grams per tonne gold from 139.59m;
PGGC23057
2.73m at 7.12g/t gold from 48.3m; and
PGGC23044
1.09m at 7.13g/t gold from 118.36m.
Drilling at the Middle Main Zone section of the mine targeted extensions to lodes in the immediate hangingwall of the Main Zone, which has not previously been a focus.
Results from outside the current mine plan in the middle section of the mine include:
PGRD23169
2.07m at 9.1g/t gold from 45.58m;
PGRD23234
1.45m at 16.68g/t gold from 61.75m;
PGRD23235
1.15m at 18.34g/t gold from 69m; and
PGRD23237
3.66m at 5.4g/t gold from 50.09m.
Results from the Lower Main Zone outside the current Resource include:
PGRD23165
1.31m at 89.83g/t gold from 92.06m;
PGRD23206
0.8m at 37.4g/t gold from 57.01m; and
PGRD23209
1.92m at 14.86g/t gold from 26.08m.
“Our ongoing drilling success continues to show significant upside in readily accessible areas that have the potential to contribute strong early cashflow,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.
“These and other recent results will be included in the November 2023 Restart Study which is expected to deliver increased production, improved recoveries, a lower upfront capital cost and stronger cashflow.
“With surface RC drilling to commence in mid-October 2023 we are excited by the potential to extend the upper parts of the Paulsens system as well as regional targets that include the 2.5 kilometres long, undrilled Belvedere trend.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE