For thousands of other reports visit RSC's Mineral Intellingence Map
Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/9/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-11-2016: Blackham Resources Ltd. announces an Exploration/Drilling Update report for its Wiluna deposit at the Matilda project. Drilling results incl. 23m @ 3.74g/t Au from 119m. Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announce init | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bruce Kendall (Internal) | |
| ABSTRACT: | Blackham Resources Ltd (ASX: BLK) (“Blackham”) is pleased to announce initial results from the initial 15,000m of drilling completed as part of a 25,000m RC and diamond drilling program undertaken to support the mill expansion study at Wiluna. The Resources at the Matilda and Wiluna Gold Operation currently stand at 48Mt @3.3g/t for 5.1Moz Au (48% indicated) (ASX release 27th June 2016). The Project resources are currently being re-estimated to include the successful drilling since June 2016. An update of the Wiluna resource model has commenced and will be finalised once all results from this drill program have been received. There is the potential for a significant reduction in operating costs if sufficient additional resources can be identified to justify a mill expansion. Blackham’s Managing Director, Bryan Dixon, said “The latest Wiluna extensional drilling has demonstrated the potential to add significant base load open pit mining feed. Updated Wiluna open pit resources are likely to compliment the recent drilling success in extending the Bulletin underground mineralisation. Both feed sources will be integrated into the Wiluna expansion study currently underway.” 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. Preliminary mining pit optimisations of mineralisation at Wiluna indicate the potential to profitably extract shallow higher grade mineralisation beneath and along strike from existing pits. Pit optimisations completed on historical drilling results and using an A$1800 gold price result in a single pit from Bulletin to Happy Jack. Review of these mining optimisations has shown that pit shells are constrained by lack of drilling data along strike and at depth at a number of deposits (see Figure 5 and Figure 6). Mineralisation intersected along strike and beneath the existing pits is likely to result in an expansion of these pits. | |
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