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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Golden Age North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-2-2019: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Golden Age North deposit at the Matilda project. Drilling results incl. 9m @13.58g/t from 95m. Blackham Resources Limited (ASX: BLK) (Blackham or the Company) is pl | |
| Resources: | Resources (Total): 96.5Mt @ 2.16g/t Au with 6.715Moz gold contained | |
| CP/QP: | [Overall Report]: Jonathan Lea, Cain Fogarty (Internal) | |
| ABSTRACT: | Blackham Resources Limited (ASX: BLK) (Blackham or the Company) is pleased to provide an update of drilling results from the high‐grade free milling Golden Age North (GAN) orebody, closely located to Blackham’s 1.8Mtpa Wiluna Gold Plant. Drilling below existing underground workings has led to an extension of the Golden Age Underground mine life. Underground development is scheduled to commence this week to access the mineralisation in Golden Age Lower (GA Lower) which will provide additional high grade ore for the mill over at least the next 6 months. The Republic reef mineralisation cuts through the exiting Calais Decline allowing low cost development to the GA Lower deposit. Grade control drilling has confirmed that the GAN pit (in open pit production since November 2018) and the historically completed Golden Age Pit (GA Pit) form a continuous zone of over 600m in length. The area between the GAN reserve pit and the old pit was poorly drilled in the past owing to infrastructure limiting drilling access. The new results enable the GAN pit to be extended southward and deepened to connect with the GA Pit – extending the GAN pit mine life, thereby providing increased high‐grade mill feed in coming months. Further drilling is ongoing, focussed on confirming available development options for this new area of near‐surface underground mining. The underground mineralisation can be accessed either from the base of the GAN pit or via existing deeper underground workings. The current Golden Age underground mining operation commences approximately 350m below surface and is based on the Golden Age Shear – a connected but separate structure that is truncated by the GAN Fault. Recent grade control drilling towards the base of the GAN pit returned excellent grade zones with greater than 20 gram‐metre intercepts – further reinforcing the underground mining potential. | |
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