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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Matilda | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/17/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 17-6-2016: Blackham Resources Ltd. announces a Resource Estimation report for its Matilda deposit at the Matilda project. Matilda ore reserves continue to grow, up 17% since DFS. Blackham Resources Ltd (ASX Code: BLK) is pleased to provide a revised Ore R | |
| Resources: | (Reserve, P+P): 7.0Mt @ 2.5g/t Au for 560000oz Au contained at Matilda | |
| CP/QP: | [Resources]: Marcus Osiejak (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (ASX Code: BLK) is pleased to provide a revised Ore Reserve estimate for the Matilda Gold Project. Recent successful drilling, resource upgrades and open pit and underground mine design optimisations have added a further 43,000oz to the free milling reserves at the Matilda Gold Project since the publishing of the Definitive Feasibility (DFS) on 24 Feb 2016. Blackham has added 1Mt @ 3.3g/t for 106,000oz in Mining Inventory in the 4 months since the DFS and mining studies are ongoing on additional deposits not currently in the mine plan. Now that Blackham has all its Matilda Gold Project approvals in place, the management team are focused on preparations for the commencement of open pit mining at the Matilda Mine and underground mining at the high grade Golden Age orebody. | |
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