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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-3-2017: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Wiluna deposit at the Matilda project. Drilling results incl. 18m @ 6.72g/t Au from 160m. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to provide an up | |
| 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 at the East and West lodes at the Wiluna Gold Operation. Ore Reserves identified as a result of this drilling will provide the basis for the Stage 2 expansion study aimed at growing production beyond 200,000ozpa. In January 2017, the Mineral Resources at the Matilda /Wiluna Operation grew to 6.4Moz (63Mt @ 3.2g/t) with 31Mt @ 3.1g/t Au for 3.1Moz sitting in the Measured and Indicated categories. Consequently, Blackham is advancing its mining and processing studies to increase the processing capacity to more efficiently develop the large resource base and bring value to its shareholders. Blackham is planning to install an additional 1.5Mtpa milling capacity in addition to the recently refurbished 1.7Mtpa oxide circuit which would see total capacity of ~3.2Mtpa across the oxide and sulphide circuits, all located at the Wiluna processing hub. The Expanded Wiluna plant would bring significant economies of scale to the combined project with all the resources sitting within a 20km radius of the processing plant. Blackham’s Managing Director, Bryan Dixon, said “The latest Wiluna drill results when combined with our mining studies, suggest a large East West open pit with strong grade 1.5kms long, 600m wide and 230m deep to feed an expanded Wiluna gold plant. Mining studies are aimed at feeding half the planned throughput from the open pits and half from the underground. The latest drilling results give us extra confidence we can sustain a 200,000ozpa operation with a long mine life.” | |
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