Black Cat Syndicate Limited has provided an update on its underground diamond drilling activities at the Paulsens Gold Operation.
According to Black Cat, infill and extensional drilling of the Gabbro veins returned high-grade assays.
Previous regional exploration activities at the Paulsens Gold Operation largely involved surface activities with several gold and base metal anomalies identified but with only limited follow-up activities conducted.
The company said most holes drilled continue to intersect multiple mineralised veins and that many of the results lie outside the current resource, demonstrating the strong potential for additional resource growth and mining opportunities.
The drilling results to date indicate the grade and geological continuity of the Gabbro veins along a 1,200 m plunge length and show that many of the veins remain open along the strike.
Current drilling at Gabbro is focused on extending the strike extent of mineralisation and the discovery of additional veins further into the mine.
Underground drilling activities conducted during the year include the creation of new mining fronts located in proximity to existing infrastructure at Gabbro and Apollo, with the potential for readily accessible ounces.
The company is also planning a regional reverse circulation drilling programme in the greater Paulsens district, which includes several untested surface geochemical anomalies associated with the Eagles’ Lair Trend, near-surface mineralisation along the Belvedere Trend and further drilling of the Tombstone copper-silver-gold prospect.
Black Cat Managing Director Gareth Solly said the continued drilling success indicates the strong potential for further growth in the project’s near-mine resource, adding that the Gabbro veins represent a potential new mining area for the Paulsens Gold Operation that allows for ready and rapid access.
“An update of the resource will be completed this month and form the basis of a restart study and our subsequent mid-year decision regarding a restart of the operation,” he added.
