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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Moonlight Shear | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/27/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 27-6-2016: Blackham Resources Ltd. announces a Resource Estimation report for its Moonlight Shear deposit at the Matilda project. Initial mineral resource estimate for Moonlight Shear of 2.6Mt @ 4.6g/t Au for 381000oz Au contained. Blackham Resources Ltd | |
| Resources: | (Resource, Total): 48Mt @ 3.3g/t Au for 5.097Moz Au contained at Matilda project total | |
| CP/QP: | [Resources]: Marcus Osiejak (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (‘Blackham’) (ASX Code: BLK) is pleased to report its maiden resource estimate for Moonlight Shear of 2.6Mt @ 4.6g/t for 381,000oz Au (10% Indicated) and has commenced open pit and underground mining studies on the deposit. The Moonlight Shear deposit is located less than two kilometres from Blackham’s 100% owned gold plant. Blackham has recently completed a number of maiden resource estimates targeting mineralisation along the under-explored Moonlight Shear Zone. Only a resource of 55,000oz for a portion of Lonehand Lode had previously been reported. Pre-1950 production at Moonlight was 770,000t @ 10.4g/t Au (257,464oz) primarily from stoping of sulphide ore but also includes oxide material from open pit mining. Recent (post 1986) open pit mining from Adelaide, Indigo, Moonlight and Lonehand produced 496,466t @ 3.14g/t Au (50,062oz). Further mining and exploration studies will focus on identifying shallow oxide and transitional resources along strike of the existing open pits where the mineralisation continues along the shear zones. The open pit potential in this area has not been reviewed since mining ceased in the late 1980’s. The initial resource has also identified significant resources that may be amenable to underground mining. | |
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