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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Golden Age | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-4-2020: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Golden Age deposit at the Matilda project. Drilling results incl. 6.6m @ 8.24g/t Au from 46.6m. Blackham Resources Limited (ASX: BLK) (Blackham or the Company) is pl | |
| Resources: | ||
| CP/QP: | [Overall Report]: Cain Fogarty (Internal) | |
| ABSTRACT: | Blackham Resources Limited (ASX: BLK) (Blackham or the Company) is pleased to report high-grade results from reserve extensional drilling at the Golden Age high-grade underground mine. Golden Age is a high-grade narrow-vein quartz reef deposit that provides supplementary high-grade mill feed along with baseload feed from the Company’s open pit mines. Results presented here are for a further 15 holes for 1,201m drilled at Wiluna underground mine extension targets as summarised in Figure 1 (see also ASX release dated 13th November 2019): The Company continues to extend the high-grade free-milling Golden Age orebody with the aim to sustain or increase production and improve transitional cashflow over the next 12-18 months, ahead of Stage 1 sulphides production. Seven holes drilled above the upper levels of the underground mine are reported below, with results confirming both the up-dip continuity of the Golden Age reef and strong gold mineralisation within the footwall zone (Figure 2). Results demonstrate the continuity of high-grade mineralisation above the upper-most mine levels, with better intercepts including (see Table 1): Blackham is also currently mining Golden Age Lower mineralisation on the 800 level, with current drilling of the 775 level aimed at extending the mine further at depth. | |
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