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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Golden Age | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-12-2018: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Golden Age deposit at the Matilda project. Drilling results incl. 7.8m @ 18.47g/t Au from 136.3m. Blackham Resources Limited (ASX: BLK) (Blackham or the Company) i | |
| Resources: | (Reserve, P+P): 13.49Mt @ 2.3g/t Au for 1019Koz Au contained | |
| CP/QP: | [Overall Report]: Cain Fogarty (Internal) | |
| ABSTRACT: | Blackham Resources Limited (ASX: BLK) (Blackham or the Company) is pleased to provide an update of underground drill results from the high grade free milling Golden Age Lower orebody which has confirmed the extension of mineralisation below current mining areas. From May’18 to November’18, Blackham drilled 24 underground diamond holes (3,454m) focused on extensions to the Golden Age deposit with significant positive results. During the Sep’18 quarter, 14 RC and core holes for 1,263m were drilled from surface to define resource extensions at the Golden Age North pit and to test the underground potential beneath the pit. Mining at GAN pit commenced in November 2018 with grade control drilling validating the drill defined resource. Blackham intends to drill GAN to a 200m depth on a 25m by 25m pattern to assess the underground mining potential. Bryan Dixon, Managing Director said “Blackham has progressively extended the Golden Age orebody over the last 2 years to maintain at least 6 months mine life in our highest grade orebody. Blackham is pleased to announce new drill results from the free milling Golden Age System which have identified significant extensions to mineralisation in close proximity to decline access. Based on the highly encouraging intercepts, further drilling is ongoing to support early expansion of the underground development to provide additional high‐grade ore to feed the Wiluna gold plant.” | |
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