Australia's Black Cat Syndicate rises on strong drilling results at gold project

Black Cat Syndicate

06/06/2023 04:53

** Shares of Black Cat Syndicate Ltd  BC8.AX  rises as much
as 4.1% to A$0.380, their biggest intraday pct jump since May 22
    ** Says drilling results from BC8's Paulsens Gold Operation
in Eastern Pilbara intersected multiple mineralised veins
    ** Adds that it continues to "encounter swarms of high-grade
mineralisation in the Gabbro veins in mineable positions"
    ** Says study supports potential decision to resume mining
is on target for completion in mid-2023
    ** BC8 at its highest level since May 31; on track to gain
for third straight session, if gains hold
    ** BC8 up 2.8% this year, as of last close
    

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))