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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-10-2017: Blackham Resources Ltd. announces a Resource Estimation report for its Wiluna deposit at the Matilda project. Mineral resource update, 103% increase in ounces. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to provide a revised Mine | |
| Resources: | (Resource, I+I): 7.3Mt @ 2.7g/t Au for 0.63Moz Au contained at Wiluna North | |
| CP/QP: | [Resources]: Marcus Osiejak (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to provide a revised Mineral Resource estimate for the Wiluna North open pits encompassing the Happy Jack, Bulletin, Squib, Essex, Golden Age North and Starlight orebodies at the Wiluna Gold Operation. Mineral Resource estimates are currently underway for the Adelaide – Moonlight areas and will be reported later this quarter. The latest Mineral Resource estimate for the Wiluna North lodes is based on an additional ~23,000m of RC and diamond drilling completed between March and May 2017 which was very successful in proving the continuity of mineralisation. This drilling has resulted in extensions to mineralisation at the Happy Jack - Gap lodes and confirmed the presence of additional footwall lodes to the west of the main Bulletin lode. Mining studies which will allow an updated open pit Ore Reserve estimate for Wiluna North are underway. Blackham’s Managing Director, Bryan Dixon said “Since drilling commenced in September last year a total of ~$10.5M has been spent on Resource and Reserve definition drilling on the Wiluna open pits. In this time, the Mineral Resource has grown from 80,000oz to 1,505,000oz in just one year, of which 76% is classified as Indicated. This represents a very attractive resource addition cost of $7/oz. This large open pit resource and reserves underpin the growth opportunity as seen in the Expansion PFS released late in August. We also expect a significant reserve upgrade to flow from the latest resource upgrade. | |
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