Black Cat Syndicate Limited (“Black Cat” or “the Company”) is pleased to provide an update on underground diamond
drilling at the 100% owned Paulsens Gold Operation (“Paulsens”).
HIGHLIGHTS
• Paulsens is a high-grade gold mine with a known plunge length of >2.7km, historical production from the Main Zone
of ~1Moz (@ 1,000oz/vertical metre) and has numerous near mine growth opportunities.
• High-grade extensional results have been received from drilling in the middle Main Zone outside the current
Resource. These results are also located near existing or planned development, requiring minimal additional access
capital. Results include:
• 0.24m @ 90.10g/t Au from 31.42m (PGRD23223)
• 0.58m @ 11.80g/t Au from 43.08m (PGRD23226)
• 1.06m @ 5.54g/t Au from 28.33m (PGRD23225)
• 0.80m @ 11.70g/t Au from 32.00m and
0.25m @ 34.10g/t Au from 70.75m (PGRD23228)
• 0.40m @ 19.60g/t Au from 33.89m and
0.30m @ 14.20g/t Au from 41.58m and
3.28m @ 19.31g/t Au from 56.44m (PGRD23233)
• A Resource update will be released in October 2023 ahead of a revised Restart Study in November 2023. The Study
is targeting increased production, improved recoveries1, a lower upfront capital cost and stronger cashflow.
• Underground wall mapping and sampling is ongoing at Paulsens which also has the potential to increase planned production. see & read more on
https://www.kitco.com/pr/3479/article_10172023201945.pdf