Black Cat Syndicate (ASX:BC8) delivers consistent high-grade results at Paulsens

Gold developer Black Cat Syndicate (ASX:BC8) continues to bolster its “more gold, sooner” strategy with a string of strong underground drilling results at the Paulsens Gold Operation in Western Australia.

The company’s latest intercepts from the Main Zone and unmined Gabbro Veins confirm both the grade continuity and near-term production potential across the project, with several standout hits including:

• 0.88m @ 93.20g/t Au from 11.12m (Main Zone)

• 2.50m @ 32.11g/t Au from 37.00m (Main Zone)

• 1.70m @ 37.62g/t Au from 11.00m (Gabbro Veins)

• 1.26m @ 29.89g/t Au from 15.74m (Gabbro Veins)

These results come amid a broader campaign targeting both near-mine optimisation and resource growth, with multiple jumbo development drives underway to access new zones.

“We are very encouraged by the ongoing success of our drilling at Paulsens. These results are supporting production in highly prospective zones like the Hangingwall and Gabbro Veins, as well as the Main Zone,” said Managing Director Gareth Solly. “With development drives advancing, stoping stepping up and assays pending, we are building momentum as part of our more gold, sooner strategy.”

The Gabbro Veins remain unmined and are a key focus, given their consistently high-grade nature and geological continuity.

Black Cat Syndicate is also drilling the Hangingwall Zone beneath the historical Galileo workings, where past intercepts such as 13.10m @ 26.51g/t Au suggest strong upside.

Results from this area are expected in September.

Looking further afield, the company is preparing to drill the Paulsens West Seismic Target in August.

This zone is potentially analogous to the Main Zone and could open up a new chapter of regional discovery if mineralisation is confirmed.

The Paulsens Gold Operation, which restarted production in late 2024, is already supported by a 450ktpa processing plant and a resource base of 4.3Mt @ 4.0g/t Au for 548koz.

With full-scale production expected this year, the operation is rapidly becoming a cornerstone asset in Black Cat’s growing portfolio, which includes the Kal East and Coyote gold projects.

For investors, the story at Paulsens is no longer one of just historical success but of rejuvenated potential backed by tangible results and a clear operational pathway.

With over 113 holes drilled to date and assays pending across multiple targets, Black Cat appears well positioned to expand its resource base and production profile in 2025.

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