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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/21/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-2-2020: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Wiluna deposit at the Matilda project. Drilling results incl. 26m @ 15.69g/t Au from 182m. Blackham Resources Limited (ASX: BLK) (Blackham or the Company) is please | |
| Resources: | ||
| CP/QP: | [Overall Report]: Cain Fogarty (Internal) | |
| ABSTRACT: | Blackham Resources Limited (ASX: BLK) (Blackham or the Company) is pleased to report on positive results from reserve development drilling designed to expand and upgrade reserves ahead of Stage 1 sulphides production at the Wiluna gold project. Drilling has commenced targeting high-grade zones anticipated to be mined early in the mine plan, which are located close to surface and close to existing underground infrastructure to allow for rapid development. Sulphide reserves infill drilling commenced at the Essex zone at Wiluna, with 8 holes for 1,589m completed. Initial results include an outstanding intercept of 26m @ 15.69g/t from 182m in WURC0802. This result reflectsthat Wiluna has historically been a high-grade mine, and drilling continues to produce very high-tenor results in shallow areas that can readily be developed. RC drilling has also progressed to drilling of the company’s very large inferred sulphide resource at the Bulletin zone, and to testing modelled locations for the discovery of high-grade gold shoots as outlined in the ASX release dated 23rd January 2020. Further results are expected in the coming weeks. | |
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