Black Cat Syndicate Limited (ASX: BC8) continues to hot high-grade intersections in its underground diamond drilling at the 100% owned Paulsens Gold Operation in Western Australia.
Highlights
The ongoing drilling program on the Gabbro Veins in the lower mine and the Main Zone in the upper mine continues to intersect multiple mineralised lodes. Of the most recent 17 holes returned, 13 intersected an average of ~five mineralised lodes per hole with assays pending on a further five holes and drilling ongoing. These results were not included in the recently updated Resource.
Ongoing infill and extensional diamond drilling continues to return high-grade assays:
- 5.21m @ 6.27g/t Au from 82.76m PGRD23010 – Main Zone – Infill Drilling
- 0.84m @ 17.90g/t Au from 34.23m PGRD23036 – Gabbro Veins Extensional
- 2.00m @ 9.46g/t Au from 8.00m PGRD23035 – Gabbro Veins Extensional
- 0.24m @ 24.50g/t Au from 4.95m and; 1.11m @ 14.28g/t Au from 41.26m PGRD23033 – Gabbro Veins Infill
- 1.20m @ 7.87g/t Au from 70.00m and; 1.30m @ 7.53g/t Au from 74.25m PGRD23012 – Main Zone – Infill Drilling
- 0.48m @ 16.50g/t Au from 32.97m PGRD23031 – Gabbro Veins Infill
- 0.72m @ 11.10g/t Au from 71.28m PGRD23090 – Gabbro Veins Extensional
- 0.90m @ 14.74g/t Au from 111.50m PGRD23091 – Gabbro Veins Extensional
- 1.70m @ 7.24g/t Au from 147.30m PGRD23094 – Gabbro Veins Extensional
- The Restart Study to support a potential decision to resume mining is on target for completion in mid-2023. Selective mining methods are planned to optimise extraction of both the Main Zone and the Gabbro Veins.
These results from the upper and lower levels of Paulsens continue to show the potential which exists as we drill deeper and parallel to the existing workings,” Managing Director, Gareth Solly, said.
“As well as identifying additional Main Zone mineralisation at lower levels, we continue to encounter swarms of high-grade mineralisation in the Gabbro Veins in mineable positions. Assays remain outstanding and drilling continues in parallel with our Restart Study.”
Near-mine Exploration Plans
- Near-mine exploration drilling will be ongoing, testing several Resource extension and geophysical targets, including:
- Follow up drilling targeting the Paulsens Repeat3, which is a ~1,250m long interpreted structure located ~200-300m below the current mine workings.
Paulsens Repeat was identified in a $2 million, 3D seismic survey from 2018. A downhole EM trial survey to further refine drill targets is planned for mid-2023.
- Ongoing drilling further into the footwall targeting additional Gabbro Veins and lateral extensions to already identified Gabbro Veins.
- Drilling several conceptual targets and extensions to known lodes in the relatively untested hanging-wall of the Paulsens Main Zone.
- Testing the Paulsens Offset target on the other side of the post-mineralisation fault at the bottom of the current decline.
- Testing for along strike and up dip extensions of the near-surface Apollo Lode to the north of the main Paulsens underground workings.
