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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/4/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-6-2020: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Wiluna deposit at the Matilda project. Drilling results incl. 1.8m @ 39.68g/t Au from 47.3m. Blackham Resources Limited (“Blackham” or “the Company”) is pleased to r | |
| Resources: | ||
| CP/QP: | [Overall Report]: Cain Fogarty (Internal) | |
| ABSTRACT: | Blackham Resources Limited (“Blackham” or “the Company”) is pleased to report further results from drilling at the high-grade Golden Age underground mine located within the Wiluna Mining Centre (Figure 1). The programme instigated in November 2019 aims to improve free-milling operations ahead of the Company’s Stage 1 Expansion Plan which involves a transition to sulphide gold concentrate production (“Stage 1”). Latest results are from a further 17 holes for 2,947m drilled at Golden Age. This drilling tests extension targets between the 850 and 600 levels at the underground mine as summarised in Figure 2 (see also ASX release dated 13th November 2019). The Company continues to extend the high-grade Golden Age orebody, which is a free-milling quartz-reef style of deposit located at the Wiluna Mining Centre (Figure 1), with the aim to sustain or increase production and improve cashflow over the next 12-18 months leading into the company’s Stage 1 sulphides production. Extending free-milling Mineral Resources and conversion to Reserves is key to the Company’s 24-month, five-point strategy to | |
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