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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-1-2017: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Wiluna deposit at the Matilda project. Drilling results incl. 15m @ 7.28g/t Au from 86m. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announce the as | |
| Resources: | (Resource, Total): 58Mt @ 3.2g/t Au for 6.008Moz Au contained at Matilda project total | |
| CP/QP: | [Overall Report]: Bruce Kendall (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announce the assay results from the remainder of the Wiluna drilling program, drilled as part of a 25,000m RC and diamond drilling program undertaken to investigate open pit potential at Wiluna and support the mill expansion study. The current drilling is from the northern portion of the Wiluna Mine. Drilling has continued to intersect significant mineralisation beneath and along strike from existing Wiluna open pits, highlighting the potential for open pit mining. These results follow on from the drill results reported to the ASX on 9th November and 7 th December 2016 and the upgrade to 6Moz gold resource reported to the ASX on the 13 th December 2016. The recent resource upgrade included the East West Lode open pit resource of 8.6Mt @ 2.5g/t for 700,000oz Au at the southern end of the Wiluna Mine. The current drill results will be used to update the resources over the Happy Jack - Bulletin pit and the Adelaide – Moonlight shear. Blackham is advancing its mining studies over the Wiluna open pit areas with a view to updating its mine plan and publishing its maiden Wiluna open pit reserves. The East West pit resource and initial mining studies suggest the scale of the East West pit has potential for a 1,500m long, 600m wide pit that could extend 230m deep. Initial mining studies also demonstrate the potential for a 1.9km long pit in the Happy Jack – Bulletin area (see Figure 1). | |
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