Black Cat Syndicate (ASX:BC8) reports regional soil sampling results have identified new exploration targets 15km southeast of the processing facility at its Paulsens Gold Operation in Western Australia.
Infill soil sampling of a copper-lead-zinc (Cu-Pb-Zn) soil anomaly resulted in the discovery of the High Noon prospect, which consists of a 1,200m-by-300m, greater-than-200 parts per million (ppm) Cu-Pb-Zn in-soil anomaly.
Additionally, soil sampling along the Billeroo Fault identified a 1km long, greater-than-5 parts per billion (ppb) Au in soil anomaly. The company says infill sampling of this target, dubbed the Goldilocks prospect, is progressing to further refine the target.
Black Cat says ongoing regional soil and rock chip sampling across Paulsens will continue during the winter months, including infill sampling at both newly identified prospects.
Commenting on the regional exploration update, Black Cat Syndicate Managing Director Gareth Solly says: “Our ongoing low-cost regional exploration on the Wyloo Dome and in the Ashburton Basin continues to highlight the untested potential around Paulsens. The undrilled 4km long gold-in-soil anomalies around the Big Sarah Mine and at Goldilocks are clear examples of this.
“large-scale, multi-commodity targets open the possibility of delineating larger base metal and antimony resources within trucking distance of Paulsens”
In addition, large-scale, multi-commodity targets open the possibility of delineating larger base metal and antimony resources within trucking distance of Paulsens, which is the only fully permitted processing facility within the region. These opportunities highlight the longer-term potential to build a significant mining inventory at Paulsens.”
The company also reports a total of 565 auger samples from Mt Clement identified a 1.5km-by-0.5km coincident gold-antimony (Au-Sb) in-soil anomaly to the north and east of the Central and Western Zone resource areas.
At the Central area, the resource sits at 24,000 ounces @ 1.4g/t Au. Meanwhile, the Western Zone resource sits at 35,000 ounces @ 2.6g/t Au and 1,026,000 ounces @ 79.6g/t Ag.
Black Cat says the new antimony soil anomaly ‘substantially’ expands the Au-Sb potential at Mt Clement, which is already Australia’s ‘third largest’ and ‘second-highest-grade’ Sb resource.
A detailed mapping and sampling program is planned for Mt Clement in late June 2023 to refine drill targets.
Paulsens Gold Operation is wholly owned by Black Cat and covers an area of 1,250km-square. It is one of Australia’s ‘highest grade’ gold deposits, with a current resource of 322,000 ounces @ 10.1g/t Au, including 154,000 ounces @ 10.7g/t Au in the Main Zone, 133,000 ounces @ 9.2g/t Au in the Gabbro Veins, and 35,000 ounces @ 11.1g/t Au in the Hangingwall Zone.
Black Cat Syndicate is an ASX-listed Western Australian gold explorer. The company’s portfolio of assets encompasses 2,215km-square of ‘highly prospective’ tenements.
Write to Aaliyah Rogan at Mining.com.au
Images: Black Cat Syndicate Ltd