For thousands of other reports visit RSC's Mineral Intellingence Map
Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Matilda | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/13/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 13-7-2016: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Matilda deposit at the Matilda project. Drilling results incl. 16m @ 2.31g/t Au from 163m at M4. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announ | |
| Resources: | (Resource, Total): 48Mt @ 3.3g/t Au for 5.1Moz Au contained at Matilda project | |
| 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 of 60 RC holes for 6,579m and 2 diamond tails for 347.4m, have intersected significant extensions to higher-grade zones and have upgraded a significant portion of the remaining in-pit Inferred resource to Indicated category (refer to ASX release 17th June 2016). Deeper drilling results, including 2m @ 6.98 g/t from 419m, confirm the high-grade Matilda mineralised system extends a further 250m down-plunge of previous highgrade drill intercepts, and remains open down plunge. High-grade mineralisation is now known to extend to greater than 400m vertical depth. Successful drilling of the Matilda Mine has grown the resource to 13.1Mt @ 1.7 g/t for 721,000oz Au, (ASX release 17th 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. Blackham’s district-scale exploration strategy is well advanced, with an Induced Polarisation geophysical survey underway targeting 10kms of prospective strike along the Matilda shear zone. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report