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Blackham Resources Ltd.
Summary
| Project: | Matilda | |
|---|---|---|
| Deposit: | Wiluna Free-Milling Targets | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-11-2019: Blackham Resources Ltd. announces a Resource Estimation report for its Wiluna Free-Milling Targets deposit at the Matilda project. Exploration Target range for Wiluna free-milling targets. Blackham Resources Limited (ASX: BLK) (Blackham or the | |
| Resources: | Exploration Target Range: 500Kt - 1.5Mt @ 5 - 6 g/t Au | |
| CP/QP: | [Overall Report]: Cain Fogarty (Internal) | |
| ABSTRACT: | Blackham Resources Limited (ASX: BLK) (Blackham or the Company) is pleased to provide an update of resource and reserve development initiatives targeting high-grade, free-milling ore bodies in close proximity to Blackham’s Wiluna plant. An underground diamond drilling contractor has commenced drilling the reserve extension targets of what is planned to be an initial 13-hole program, with results expected to be received and modelled in the December quarter. Underground mining operations at Golden Age continue to deliver and the extraction of ore in the Sep’19 quarter totalled 4,958 mined oz (29,773t at 5.2g/t) (Jun’19 Qtr: 29,026t @ 3.9g/t for 3,600oz). Golden Age has successfully been extended on a rolling 6 month basis since underground operations began in 2016. The initial program will test extensions for immediate mining, with targets intended to be brought into the mine plan over the next 12-18 months and beyond (Figure 1). The Company has quantified an exploration target totaling between 87koz to 317koz for the Wiluna free-milling targets (refer Table 1 for further details). There has previously been insufficient exploration to define mineral resources and it is uncertain if further exploration will result in the determination of mineral resources. Exploration targets have been quantified using a range of parameters including extent of existing resources, strike of known mineralised structures, exploration drilling results, face sampling and mapping where available. Geological interpretations are continuing with a view to refining drill programs to test these targets. | |
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