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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-9-2018: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Wiluna deposit at the Matilda project. Drilling results incl. 59.0m @ 4.18g/t Au from 2m. Blackham Resources Limited (ASX: BLK) (Blackham or the Company) is pleased | |
| Resources: | (Resource, Total): 95.9Mt @ 2.17g/t for 6.7Moz Au contained at the project | |
| CP/QP: | [Overall Report]: Cain Fogarty (Internal) | |
| ABSTRACT: | Blackham Resources Limited (ASX: BLK) (Blackham or the Company) is pleased to confirm that mining will recommence at Wiluna in September 2018. Additionally, final results are available from the latest Wiluna free-milling resource extension drill programme. Over that last 7 years, Blackham Resources acquired over 1,100km2 of mining and exploration tenure in the historical Wiluna goldfield which is part of Australia’s biggest gold belt. Mining historically commenced in the goldfield in 1896 and since that time 4.4 Million ounces of gold has been produced from Blackham’s current tenement holding. The Wiluna gold belt is unique in that it contains many different styles of gold mineralisation and has a combination of oxide, free-milling and sulphide refractory deposits which have been successfully mined and processed by many operators over the past 120 years. These companies utilised both open pit and underground mining methods with standard gold leaching, biological leaching and roasting techniques for gold recovery. Blackham has a significant resource base containing both styles of mineralisation currently sitting at 6.7Mozs, of which 1.3Moz is classified as free-milling resources. In 2016 Blackham commenced mining and processing the free-milling resources through the refurbished Wiluna oxide processing facility as the first stage of its long-term Wiluna mining strategy. Stage 1 freemilling gold production is the pre-curser to the Company’s overall plan to realise the value associated with the sulphide refractory mineralisation style found in the Wiluna goldfield. The Company continues to actively appraise and refine its Stage 2 production strategy. | |
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