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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | M1, M3, M5, M6 | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/27/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-10-2016: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its M1, M3, M5, M6 deposit at the Matilda project. Drilling results incl. 21m @ 3.24g/t Au from 92m. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to annou | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bruce Kendall (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announce the latest results from resource infill and extension drilling at the Matilda Gold Project in Western Australia. The latest 53 RC holes for 6159m, have intersected significant extensions to mineralisation at the M6, M1/M5 and M3 deposits. These latest results confirm extensions to the M6 and M3 deposits and have identified shallow zones of mineralisation between the M1 and M5 pits immediately east of the M3/M4 pit. Successful drilling of the Matilda Mine has grown the resource to 13.1Mt @ 1.7 g/t for 721,000oz Au, (ASX release 27th June 2016) with 61% now in the Measured and Indicated Resource categories (8.0Mt @ 1.8g/t for 460,000oz Au). A resource model update is underway to include these results. The Matilda Mine is 19km by existing haul roads from the Wiluna gold plant and will provide the base load open pit feed the plant has not had since the early 1990’s. The Matilda mineralisation is soft, deeply weathered oxide ore with a number of stacked lodes that often repeat along strike and down plunge. With the maiden gold pour occurring on 18th October 2016 (refer to ASX release) the Blackham team is focused on the ramp up to commercial production. Results have been received for RC drilling targeting extensions to the M6 and M3 deposits as well as testing for continuity of mineralisation between the M1 and M5 pits where historical RC drilling was limited. Intercepts from all holes drilled as part of this program are given in Table 1. Shallow mineralisation intersected between M1 and M5 pits Significant shallow mineralisation has been intersected in drilling between the M1 and M5 pits. Better intercepts include 7m @ 3.06 g/t from 25m (MARC0488), 4m @ 5.44 g/t from 42m (MARC0497) and 14m @ 1.41 g/t from 12m (MARC0501). RC drilling is limited between the M1 and M5 pits and results from this drilling indicate mineralisation may be continuous between the two pits (Figure 1). Further infill drilling is now planned. | |
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