Black Cat Syndicate Extends Paulsens Gabbro Veins

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) continues to produce drilling highlights from the company’s 100 per cent-owned Paulsens gold operation in Western Australia.

Paulsens underground is one of Australia’s highest-grade deposits with a current JORC 2012 Mineral Resource of 259,000 ounces at 10.7 grams per tonne gold (56% Measured & Indicated).

Recent results from extensional and discovery drilling outside the current Gabbro Veins Resource has continued to demonstrate the growth potential at Paulsens with assays from drilling up plunge of previous drilling returning:

PGRD23001A
0.9 metres at 9.32 grams per tonne gold from 59.3m;

PGRD23002
1.96m at 5.71g/t gold from 61.47m and 1.63m at 16.05g/t gold from 64.87m, including 0.56m at 35.3g/t gold from 64.87m;

PGRD23002A
1.1m at 8.95g/t gold from 92.9m;

PGRD23003
0.32m at 62g/t gold from 47.24m; and

PGRD23005
0.70m at 13g/t gold from 78.3m and 0.5m at 14g/t gold from 91.5m.

Black Cat has drilling ongoing with two underground rigs operating in preparation for a Resource update in May 2023.

“More extensional results from the footwall Gabbro Veins highlight their extensive and high-grade nature,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“The Gabbro Veins represent an untested opportunity at Paulsens with strong near-term mining potential, being located adjacent to the existing decline.

“The current Resource is already robust at 259,000 ounces at 10.7 grams per tonne gold (56% Measured & Indicated).

“With two underground diamond rigs now operating and accelerating results, we are excited about the growth potential of the high-grade underground Resource at Paulsens.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE