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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Williamson | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-3-2019: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Williamson deposit at the Matilda project. Drilling results incl. 84m @ 2.35g/t from 84m. Blackham Resources Limited (ASX: BLK) (Blackham or the Company) is pleased | |
| Resources: | Resources (Total): 96.5Mt @ 2.16g/t Au with 6.715Moz gold contained | |
| CP/QP: | [Overall Report]: Cain Fogarty (Internal) | |
| ABSTRACT: | Blackham Resources Limited (ASX: BLK) (Blackham or the Company) is pleased to present the last of the drilling results from its recent programme at the free-milling Lake Way Williamson deposit, located 18km south of Blackham’s Wiluna gold plant. Blackham’s exploration strategy is designed to strengthen and lengthen free-milling mine life by progressively converting the large free-milling 1.3Moz Resource base (22.8Mt @ 1.76g/t) to Reserves, prioritising the highest margin deposits. Drilling from Dec’ 18 to Feb ‘19 comprised 46 RC holes (6,331m) and 9 DD holes (1,362m) aimed at confirming resources and testing for extensions of the pit design. Assay results were presented for the first 39 RC holes on 7 th March 2019 with the final assay results now presented for the last 7 RC holes. The Williamson pit is scheduled to be mined from the Sept’19 quarter, with resource modelling already commenced and revised open pit mine designs to follow. The Williamson Mine is a wide, bulk tonnage free-milling orebody hosted in a stock-worked monzogranite. Blackham’s Executive Chairman stated that “These ongoing successful drilling results further confirm the opportunity for the Williamson Gold Mine to provide an ongoing baseload of high margin free milling ore as Blackham seeks to maximise the margins generated from its 1.3Moz free milling Resource base. Over the next 18 months, Blackham plans to transition to the initial stage of its sulphide expansion of 100-120kozpa as an interim step to achieving ~250kozpa production rate1 and turning the Wiluna back into a multicycle gold operation.” | |
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