Gold, News

Good luck for Black Cat

Black Cat Syndicate has re-established Coyote and Paulsens as two high achieving gold projects.

The miner acquired the two Western Australian operations from Northern Star Resources in June 2022 in order to accelerate its ambition of becoming a mid-tier gold producer.

“With the acquisition of Coyote and Paulsens completed, we will now focus on significant drilling campaigns at both operations to grow and upgrade the current high-grade resources,” Black Cat managing director Gareth Solly said at the time.

Since that time, Black Cat has been working to ensure the two sites are operating as two of the most prospective gold projects in the country.

In an ASX announcement, the company said that total gold resources at Paulsens had increased 73 per cent.

“To triple the underground resource after only two months of drilling is a sensational start to our growth and mining ambitions at Paulsens,” Solly said.

“Paulsens produced over 900,000oz at 7.3g/t gold in the first 13 years that it was mined, averaging around 1000oz per vertical metre.

“The high-grade and prolific nature of the mineralisation both within the main lodes and in the Gabbro Veins provides strong potential for restarting operations in the near term.”

Black Cat has also had a successful first two months of drilling at its unmined Gabbro Veins, representing a potential new, high-grade start-up mining area.

A second underground rig will start drilling this month in order to accelerate growth further and target near mine discoveries.

A potential mine restart at Paulsens will also be discussed for the middle of the year.

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