Blackham firms up Matilda project with solid numbers
Perth based Blackham Resources has taken another step towards production at its Matilda Gold project in Wiluna, Western Australia.
The company recently completed a drilling program targeting the base of the proposed M1 pit with significant results including a 14.5m intersection grading 6.74 g/t gold.
Other results in the latest round of drilling include 9.5m @ 2.64 g/t gold 8m @ 2.26 g/t gold.
Drilling at the company’s proposed M10 pit also returned significant results reasonably close to surface firming up the M10 pit for potential early production. The best result at the M10 pit was 14.2m @ 3.64 g/t gold from just 38.5m.
Blackham’s drilling and mining studies have been focussed on the adding of further confidence to and extending the Matilda Mine resource that currently total 12.5Mt @ 1.8g/t for 712,000oz as a base load feed of soft free-milling ore for the 1.3Mtpa Wiluna gold plant.
The company is aiming to identify further shallow resources along the 3.5km strike at Matilda which are amenable to open pit mining adding to the company’s already impressive mining inventory that consists of 44 million tonnes of ore grading 3.3 grams per tonne for 4.7 million ounces of gold.
Importantly all current resources are within a 20km radius of the company’s 100% owned Wiluna Gold plant that is capable of processing over 1.3 Mt of ore per annum for over 100 000 ounces of gold a year.
Having purchased the mothballed Wiluna gold plant, Blackham are targeting next year for first gold production at the Matilda project.
Blackham Resources (BLK)
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