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Project: | Matilda | |
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Deposit: | Matilda, Wiluna | |
Location: | Australia | |
Commodities: | Gold | |
Date: | 10/31/2018 | |
Report Code: | JORC | |
Report Type: | Resource Estimation | |
Project Stage: | Active Mining & Production | |
Report details: | 31-10-2018: Blackham Resources Ltd. announces a Resource Estimation report for its Matilda, Wiluna deposit at the Matilda project. Updated ore reserve estimate at Matilda-Wiluna. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announce an inc | |
Resources: | (Reserve, P+P): 13.49Mt @ 2.3g/t Au for 1019Koz Au contained | |
CP/QP: | [Overall Report]: Simon Hewson, Richard Boffey, Daryl Evans (Internal) | |
ABSTRACT: | Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announce an increased Ore Reserve estimate for the Matilda-Wiluna Operation (Operation) of 26Mt @1.8g/t for 1.53Moz of gold as at 30 June 2018. The Company continues to progressively assess the Operation’s Resource base total of 96Mt @ 2.2g/t for 6.7Moz (58% Indicated), with further conversion expected into reserves. There are currently 3.2Moz @ 4.6g/t Au in underground resources sitting outside of Reserves. The Ore Reserve is outlined in Table 1 below. Blackham Managing Director Bryan Dixon stated “An overall increase in reserves at Wiluna has shown the targeted drilling especially in the northern Wiluna Mine has resulted in a significant increase to both free milling and sulphide Ore Reserves. Open pit mining has now commenced at Wiluna to focus on the oxide material which is already providing higher grade feed to the Wiluna Processing Plant and will set a foundation for the next phase of the Wiluna Expansion.” The Matilda-Wiluna Operation is located in Australia’s largest gold belt. The Operation encompasses four large scale gold systems surrounding the township of Wiluna that has historically produced 4.4Moz of gold (Figure 1). Over the last 7 years, Blackham Resources acquired over 1,440km2 of mining and exploration tenure in the historical Wiluna goldfield which is part of Australia’s biggest gold belt. The Wiluna goldfield contains many different styles of gold mineralisation and has a combination of oxide, free-milling and sulphide refractory deposits which have been successfully mined and processed by many operators over the past 120 years. Blackham has a significant resource base containing all styles of mineralisation currently sitting at 6.7Mozs (announced 13th September 2018 “Wiluna gold resources continue to grow”). In 2016 Blackham commenced mining and processing of the free-milling resources through the refurbished Wiluna CIP processing facility as the first stage of its long-term Wiluna mining strategy. Free-milling gold production is the pre-curser to the Company’s overall plan to unlock the value associated with the sulphide refractory mineralisation. Over the past two years, surface mining has focussed on the Matilda Mine. Wiluna ores are now being mined concurrently with these having the advantage of a higher grade profile and being located within three kilometres of the gold plant. | |
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