Blackham adds more tonnes on the path to production
Blakham Resources Galaxy deposit is firming up as one of the first sources of ore to feed the old Wiluna Gold Plant when it is recommissioned early next year.
Infill drilling at the Galaxy deposit which is just 13km from Blakham’s Wiluna Gold Plant has returned some encouraging results between the 80m and the 113m mark including firstname.lastname@example.org g/t gold , 7.5m @ 3.58 g/t gold and email@example.com g/t gold.
Blackham has a myriad of deposits to choose from when it recommissions the old Wiluna gold plant next year. All have good grades and significant existing resources totalling an impressive 4.7m ounces of gold.
However the Galaxy deposit’s at surface, high grade nature and its close proximity to the Wiluna gold plant makes it almost a certainty for first ore through the mill.
The mill is capable of churning out more than 100 000 ounces of gold per annum.
Blackham Resources Managing Director, Bryan Dixon said “Blackham’s drilling, processing and mining studies have confirmed the Galaxy deposit as a high grade shallow deposit suitable to open pit mining with good metallurgical recovery to be fast tracked towards production. The recent drilling is likely to further enhance the economics of the Galaxy pit.”
The company says that further drilling results are imminent from its Matilda and Golden Age prospects and that a resource upgrade is on the way.
Blackham Resources (BLK)
Closing price for the last 90 trading days
Powered by Morningstar ®