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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-5-2017: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Wiluna deposit at the Matilda project. Drilling results incl. 15.4m @ 21.04g/t Au from 156.6m. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to provide | |
| Resources: | (Resource, Total): 63Mt @ 3.2g/t Au for 6.426Moz Au contained at Matilda Project | |
| CP/QP: | [Overall Report]: Bruce Kendall (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to provide an update on Reserve Definition Drilling completed at the East and West lodes at the Matilda/Wiluna Gold Operation. Results of this drilling will provide the basis for a resource and reserve update in support of the Stage 2 expansion plans. The Preliminary Expansion Study (see ASX Announcement 8 May 2017) confirmed the ability to grow production beyond 200,000ozpa at the Matilda/Wiluna Gold Operation. Blackham recently published the results of a Preliminary Expansion Study (“PES” refer to ASX release 8th May 2017) which identified the potential for a long life operation at Wiluna producing in excess of 200,000oz per annum. An infill and extensional program of RC and diamond drilling for ~30,000m was completed during January to April, targeting the East and West lodes (Figures 1 and 2) with the aim of converting the 424,000oz East West pit Mining Inventory (5.6Mt @ 2.3g/t) published in the PES into reserves. Drilling also included geotechnical holes to assess pit wall stability and metallurgical holes to provide samples for test work. An updated mineral resource estimate is in progress, which will allow the estimation of Ore Reserves to be used as the underlying basis for the current feasibility expansion study, which is due for completion in the December quarter 2017. | |
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