THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) released a further update on the progress of underground diamond drilling along the **bro Veins at the company’s Paulsens gold operation in Western Australia.
In the lead up to the RIU Explorers Conference next week, Black Cat Syndicate reported assays from an additional 10 diamond holes that it claims has continued to confirm the **bro Veins as containing high-grade, vein swarms that are a readily accessible, near-term mining opportunity.
Recent results include:
22PGRD001
3.42 metres at 16.21 grams per tonne gold from 69.7m, including 0.22m at 80.6g/t gold from 72.9m; and
22PGRD002
0.55m at 67.2g/t gold from 47.63m and 0.33m at 21.7g/t gold from 54.42m and 0.51m at 29.86g/t gold from 69.15m and 0.39m at 10.2g/t gold from 103.73m.
“The latest results from the **bro Veins continue to highlight their significant future mining potential and further validate Black Cat’s new geology model,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.
“The **bro Veins are located adjacent to infrastructure and represent a potential new start-up mining area at Paulsens.
“With a second rig commencing this month our drilling activities will increase and expedite additional discovery and Resource growth.
“Our recent placement of $17 million will not only help us to fast-track our drilling but will support activities required to inform a decision to restart production at Paulsens, which is targeted for mid-2023.”
