For thousands of other reports visit RSC's Mineral Intellingence Map
Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/7/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-12-2016: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Wiluna deposit at the Matilda project. Drilling results incl. 24m @ 7.73g/t Au from 95m. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announce addit | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bruce Kendall (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announce additional assay results from the East and West Lodes at Wiluna which were 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. These results follow on from those reported to the ASX on 9th November 2016 and confirm continuity of mineralisation. Drilling has continued to intersect significant mineralisation along strike, between and beneath the East, West and North pits at shallow depths, highlighting the potential for open pit mining. Blackham’s 100% owned Matilda and Wiluna Gold Operations are located in Australia’s largest gold belt. The Wiluna Gold Plant is located in the centre of the combined Operation and can currently process 1.7Mtpa or ~100,000ozpa (Stage 1). The project contains JORC 2012 Measured, Indicated and Inferred Resources of 48Mt @ 3.3g/t for 5.1Moz Au (refer to ASX release 27th June 2016) within a 860km2 exploration tenement package which has historically produced in excess of 4.3 million ounces. A mill expansion study (Stage 2), which is exploring the potential to grow production beyond 200,000ozpa, is in progress. Since the mid 1990’s, previous operators at the Wiluna Mine have focused on the underground resources and have not explored the potential of open pit cutbacks. As outlined in a release to the ASX dated 9th November 2016, preliminary mining pit optimisations of mineralisation modelled using underground cut-off grades from only the historical drilling indicate the potential to profitably extract higher grade mineralisation beneath and along strike from existing pits. Pit optimisations based on an A$1,800 gold price indicate that with additional drilling there is the potential to have a single 1.9km long open pit from Bulletin to Happy Jack and deeper pits beneath the existing East and West pits (Figure 1). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report