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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Essex | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/1/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 1-7-2016: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Essex deposit at the Matilda project. Drilling results incl. 19m @ 6.71g/t Au from 128m at the Essex deposit. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleas | |
| Resources: | (Resource, Total): 48Mt @ 3.3g/t Au for 5.097Moz Au contained at Matilda project total | |
| CP/QP: | [Overall Report]: Bruce Kendall (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announce the latest results from extension drilling at the Matilda Gold Project in Western Australia. Three RC holes for a total of 720m have recently been completed at the Essex deposit (Figure 1). Holes were designed to test areas close to existing underground development to ensure that any extensions to mineralisation could be rapidly converted into the mine plan. Drilling has returned outstanding results including 5m @ 10.8g/t Au from 134m including 3m @ 16.4g/t Au in WURC0008, 6m @ 3.47g/t Au from 104m including 3m @ 16.4g/t Au, 6m @ 8.99g/t Au from 119m including 3m @ 16.4g/t Au, 19m @ 6.71g/t Au from 128m including 5m @ 19.7g/t Au and 18m @ 4.88g/t Au from 181m including 7m @ 8.81g/t Au in WURC0009. Follow up drilling is currently being planned and a revision of the resource estimate at Essex is underway. Blackham’s Managing Director, Mr Bryan Dixon commented: “Blackham’s strategy is to chase open pit and shallow underground mineralisation close to existing infrastructure. The latest Essex drilling has confirmed there is further high grade shallow mineralisation along the Wiluna East Lode Fault. Leveraging off the existing data is allowing Blackham to add significant ounces to its mine plan very cheaply.” | |
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