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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/18/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 18-7-2016: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Wiluna deposit at the Matilda project. Drilling results incl. 12m @ 7.52g/t Au from 147m. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announce that | |
| Resources: | (Resource, Total): 48Mt @ 3.3g/t Au for 5.1Moz Au contained at Matilda project | |
| CP/QP: | [Overall Report]: Bruce Kendall (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announce that all assay results from an extension drilling program at the Matilda Gold Project in Western Australia have now been received. A total of 17 RC holes for 4,067m have been completed targeting extensions to mineralisation at the Wiluna Gold Mine. Holes were designed to test areas within 150m of existing open pits and underground development to ensure that any extensions to mineralisation could be rapidly converted to resources. Results from the first part of the program, testing the Essex deposit, were released earlier in the month (refer to ASX release 1st July 2016). Drilling has returned outstanding results from the West Lode, Squib and Happy Jack deposits. Intercepts include 5m @ 13.7g/t Au from 191m including 3m @ 20.9g/t Au in WURC0004, 8m @ 3.44g/t Au from 48m including 4m @ 5.42g/t Au in WURC0006 and 12m @ 7.52g/t Au from 147m including 2m @ 38.1g/t Au in WURC0011. Open pit mining at Wiluna ceased in the early 1990’s when focus shifted to mining high-grade underground deposits. Significant remnant mineralisation remains that may be profitably exploited in today’s higher gold price environment. Follow up drilling is planned and these new results will be incorporated into the ongoing open pit and underground mining studies. | |
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