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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-7-2017: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Wiluna deposit at the Matilda project. Drilling results incl. 54m @ 3.34g/t Au from 161.6m. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to provide an u | |
| 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 the Reserve Definition Drilling which has been completed as part of the Expansion Study and will provide the basis for a resource and reserve update in support of the Stage 2 expansion plans. Drill results have now been received for the remainder of the program completed at the Happy Jack – Bulletin and Squib lodes at the Wiluna Gold Operation. Numerous broad, shallow high grade intercepts continue to highlight the potential for a large, long life operation underpinned by the Wiluna open pits all within 4km of the Wiluna Gold Plant. These results are in addition to the drill results reported to the ASX on 22 May 2017 “Exceptional Wiluna Drilling Results” from the East and West lodes. Blackham is currently revising the Wiluna open pit resources with results from 49,000m of drilling completed since January 2017. Results for the remainder of the drilling targeting the 2km strike length along the Happy Jack to Bulletin structures (Figure 1) have now been received and are reported here. Drilling has continued to intersect broad, shallow zones of high grade mineralisation within and along strike from pit shells which had been based on the previous drilling. High grade mineralisation beneath these pit shells is likely to either result in larger pits or be easily accessible from existing underground development. Resource estimation work for the remainder of the open pit lodes has now commenced and will be reported once completed. | |
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