Blackham Resources have again delivered a set of drill results at their Matilda Gold project in Wiluna that most junior mining companies would dine out on for a month.
This time Blackham were shoring up their 51 000 ounce, at surface Galaxy deposit for their definitive feasibility study.
The Galaxy deposit is just 13km from the company’s Wiluna Gold Mine which is expected to be restarted next year after being mothballed by previous owners some time ago.
The headline numbers for the current drill campaign were
The latest drill program confirmed mineralisation continuity at depth, and along strike at Galaxy which is expected to be one of the first sources of high grade, free milling ore for the old Wiluna Mill when it re-starts next year.
Blackham’s Managing Director, Bryan Dixon commented:
“Blackham’s recent Pre-Feasibility Study confirmed the economics of the Galaxy deposit as a high grade shallow deposit suitable for open pit mining with good metallurgical recoveries. The latest drilling provides further confidence within the Galaxy pit and located further high grade mineralisation outside the PFS pit design.
The Galaxy and Golden Age deposits are two high grade, free milling quartz reefs in the immediate vicinity of the Wiluna gold plant that Blackham intends to mine early in the mine plan. These deposits are 13km’s apart with numerous quartz reef prospects in between. Blackham is currently finalising plans for its maiden drill programme into the Caledonia pit.”