Black Cat Uncovers Bonanza Gold Grades Up to 1,530g/t at Paulsens
Black Cat Syndicate’s ongoing underground drilling at Paulsens has revealed extraordinary gold grades, including a standout 1.60m intercept at 623.94g/t Au. These results underpin the mine’s ramp-up and resource expansion plans.
- Over 20,000m of underground diamond drilling completed targeting resource growth
- Exceptional intercept of 1.60m at 623.94g/t gold including 0.65m at 1,530g/t
- Multiple high-grade zones identified in Gabbro Veins and Hangingwall Zone
- Mine development advancing with new access drives underway
- Exploration and mining activities planned through early 2026
Bonanza Grades Confirm Resource Potential
Black Cat Syndicate Limited (ASX, BC8) has delivered a striking update from its Paulsens Gold Operation in Western Australia, reporting spectacular underground drilling results that include a 1.60-metre intercept grading 623.94 grams per tonne (g/t) gold. This intercept notably contains an even richer 0.65-metre section at 1,530 g/t, underscoring the exceptional grade continuity in the Gabbro Veins.
These bonanza-grade results come from a comprehensive drilling program exceeding 20,000 metres, focused on expanding the resource base and optimizing near-mine production. The drilling has targeted key zones including the Gabbro Veins, Hangingwall Zone, and the Main Zone, all of which continue to demonstrate strong mineralisation and remain open for further expansion.
Advancing Mine Development and Production Ramp-Up
Alongside the drilling success, Black Cat is actively developing multiple underground drives to access these high-grade zones, supporting the planned ramp-up of mining activities. Gold production at Paulsens restarted in December 2024 and is on track to reach full capacity during 2025, with these drilling results providing a timely boost to the mine’s production profile.
Managing Director Gareth Solly highlighted the excitement around visible gold discoveries and the ongoing potential to unlock additional ounces. The company’s methodical approach to infill and extensional drilling is designed to underpin a steady flow of high-grade ore, enhancing both resource confidence and operational flexibility.
Broader Exploration and Growth Prospects
Paulsens forms a critical part of Black Cat’s portfolio, which also includes the Kal East and Coyote projects. The company is advancing regional exploration programs and seismic target drilling, alongside commencing mining at the Fingals open pit. These activities, scheduled through to early 2026, reflect a multi-pronged strategy to grow resources and production sustainably.
Importantly, the announcement confirms that all material assumptions underpinning previous resource and reserve estimates remain valid, providing investors with reassurance on the robustness of the company’s asset base. The detailed JORC-compliant resource and reserve tables included in the release further validate the quality and scale of Black Cat’s holdings.
Implications for Investors and Market
The bonanza-grade intercepts at Paulsens not only reinforce the mine’s near-term production outlook but also elevate the potential for resource growth in a highly prospective region. As Black Cat continues to drill and develop these zones, the market will be watching closely for how these high-grade ounces translate into operational performance and financial returns.
Bottom Line?
Black Cat’s Paulsens drilling success sets the stage for a stronger production profile and resource growth in the months ahead.
Questions in the middle?
- How will these high-grade intercepts impact the mine’s production guidance and cash flow forecasts?
- What is the timeline and capital requirement for fully developing access to the newly identified zones?
- Could ongoing drilling reveal further bonanza-grade extensions beyond current targets?
