For thousands of other reports visit RSC's Mineral Intellingence Map
Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Bulletin | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-11-2017: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Bulletin deposit at the Matilda project. Drilling results incl. 16.6m @ 6.03g/t Au from 48.6m. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to provide | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bruce Kendall (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to provide an update on the Reserve Definition Drilling at the Bulletin Lode which has been completed as part of the Expansion Study and will provide the basis for a reserve update for the Bulletin underground mine. Drilling has tested areas currently classified as Inferred which are likely to be accessible within 3 years of the re-commencement of underground mining at Bulletin. These ore-grade results suggest that Inferred resource areas are likely to be upgraded to Indicated status, adding further confidence to the Bulletin underground mine plan as outlined in the Expansion Study PFS. The confirmation of sub-parallel lodes is significant as they will increase the ounces/vertical metre and hence reduce mining costs. Recently Blackham announced an increased Mineral Resource estimate for the Wiluna northern pits, including Bulletin (ASX release dated 12th October 2017). These latest drilling results will form part of an updated Mineral Resource and Reserve estimate, currently in progress for the Bulletin underground mine. The current life of mine plan, as outlined in the Expansion Preliminary Feasibility Study (refer to ASX release dated 30th August 2017), includes Inferred resource areas within the proposed Bulletin underground mineThe majority of these areas are planned to be mined towards the end of the mine life. Recent surface and underground drilling has targeted areas classified as Inferred. Results from this drilling will improve the confidence level of the Mineral Resource and allow Ore Reserve estimation to be completed in these areas, de-risking the early years of the operation. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report