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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Golden Age | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-4-2017: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Golden Age deposit at the Matilda project. Drilling results incl. 1.6m @ 97g/t Au from 76.4m. Blackham Resources Ltd (ASX: BLK) (“Blackham”) wishes to provide an up | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bruce Kendall (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (ASX: BLK) (“Blackham”) wishes to provide an update on recent drilling results which have confirmed the new geological model for the Golden Age orebody. As outlined in a production update reported to the ASX on 3rd April 2017, ongoing development work and grade control drilling has allowed for a greater understanding of the Golden Age orebody resulting in a more representative geological model. This model has identified that mineralisation within Golden Age has a broad south-easterly plunge. This plunge orientation had not been recognised previously and the focus of mining to date has been in the upper eastern section of the orebody which has proven to be less continuous than the original model predicted. A grade control drill programme has commenced between the 840m and 1,000mRL’s (660m to 500m below surface) targeting the south-easterly plunge of the mineralisation. Results received to date from this drilling continues to provide confidence in the revised geological model with numerous high grade results returned. High grade results have also been returned from a new zone of mineralisation intersected in the hanging wall of the previously interpreted lower Golden Age position. All these drill intercepts from the new hanging wall lode are outside the current resource and mine plan but within ~60m of existing development. | |
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