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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/13/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-12-2016: Blackham Resources Ltd. announces a Resource Estimation report for its Wiluna deposit at the Matilda project. Project resource increased to 6Moz of Au. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to provide a revised Mineral Reso | |
| Resources: | (Resource, Total): 58Mt @ 3.2g/t Au for 6.008Moz Au contained at Matilda project total | |
| CP/QP: | [Resources]: Marcus Osiejak (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to provide a revised Mineral Resource estimate for the Matilda/Wiluna Gold Operation. This is the first resource associated with the Stage 2 expansion study aimed at growing production beyond 200,000ozpa. Blackham’s Managing Director, Bryan Dixon, said “The latest Wiluna resource upgrade is likely to add significant base load open pit and underground feed for the Wiluna expansion study currently underway. Very few gold operations in first class jurisdictions have the scale to be +200,000ozpa operations. Projects of this size generally sit in billion or multi-billion dollar producers.” Following successful drilling campaigns, Measured, Indicated and Inferred Resource estimates have been updated at several open pit deposits at Matilda, as well as at the East and West pits and the Bulletin, Golden Age and Essex underground deposits at Wiluna. Total resources at Matilda and Wiluna are now 58Mt @ 3.2g/t for 6.0Moz up from 48Mt @3.3g/t for 5.1Moz Au (ASX release 27th June 2016). All resources are within a 20km radius of the Wiluna Gold Plant. A breakdown of resources is given below in Table 1. A new open pit resource model has been completed for the East and West Lodes based on historic and recent drilling. Mineralisation was previously modelled using a 4.0g/t lower-cut focusing on high grade underground mining opportunities. However, significant lower grade mineralisation which potentially can be extracted from an open pit was not captured by the previous interpretation. This mineralisation has been re-modelled above a 0.3g/t lower-cut and incorporated into an updated resource and reported within an A$1,800/oz optimised pit shell. Total Indicated and Inferred (JORC 2012) open pit resources for the East and West Lodes within this shell comprise 8.6Mt @ 2.5g/t for 700,000oz (Table 2). | |
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