Black Cat Syndicate provides update on near-mine targets at Paulsens Gold Operation

Black Cat Syndicate Limited (ASX:BC8) has completed a comprehensive structural review at the Paulsens Gold Operation, identifying compelling near-mine surface targets. The review includes new detailed surface mapping, historical level plan mapping compilation, and targeted underground mapping. The company aims to commence detailed drill planning for these priority near-mine targets upon successful commissioning of the processing facility.

Executive commentary on near-mine targets at Paulsens

Black Cat's Managing Director, Gareth Solly, expressed enthusiasm about the compelling areas of interest identified through the recent detailed surface exploration and review of historical underground data at Paulsens. The company is leveraging the time to refine its near-mine exploration pipeline and looks forward to drilling again in early 2025, while focusing on advancing toward commercial production at Paulsens.

Summary of near-mine targets announcement

The comprehensive structural review at Paulsens has revealed high-priority, near-mine targets including the Hangingwall Zone, Raisebore Vein, Footwall Gabbro Veins Up-plunge Extensions, and Paulsens West Seismic Target. Detailed drill planning is underway, and the company aims to refine its near-mine exploration pipeline. The company's ambitions include unlocking additional growth potential at Paulsens and refining near-mine exploration while advancing toward commercial production. The announcement also outlines the company's planned activities, including securing a debt facility, monthly progress reports, and the commissioning of Paulsens on low-grade stockpile/ROM pad mineralized material followed by high-grade stockpile in December 2024.