Blackham makes high grade find between stopes

Blackham Resources have been working overtime to get their resource at the Matilda Gold project in Wiluna upgraded and ready for production expected to start as soon as next quarter – and they rarely miss when they put a drill hole down.

The company’s latest drill program has returned some exceptional hits headlined by an 8.7 metre intersection grading 8.99 grams per tonne gold which included a 6m @ intersection grading 11.95 g/t gold.

Other results include 8.8m @ 4.60 g/t including 3m @ 9.81g/t,
8.2m @ 2.67g/t, 15.0m @ 1.70g/t and 6.2m @ 4.17g/t gold.

The latest round of drilling identified high grade mineralized ore between stopes that were historically mined in the old Bulletin gold mine which makes up one part of the company’s Matilda Gold Project in Wiluna.

Prior to this drilling campaign the Bulletin resource was estimated at 1.6 million tonnes grading 4.8 g/t gold for 247,000oz with 50% of the resource sitting at indicated status and the ore reserve estimated to be 938 000 tonnes grading 4.7 grams per tonne gold for 142 000 ounces.

The latest drill program which consisted of 5 drill holes for 691 metres of drilling are expected to upgrade existing resources from Inferred to Indicated category, leading to further ore reserve additions.

Blackham’s strategy is to identify shallow ore reserves within 500m from surface. The latest high-grade results come from an area situated only 150m below surface and remain open at depth and the Bulletin orebody remains accessible via the Bulletin portal and decline.

The latest resource estimate at the Matilida Gold Project is 45 million tonnes grading 3.3 grams per tonne for 4.7 million ounces of gold. 

Add your comment

Share Price

Closing price for the last 90 trading days
Powered by Morningstar ®

Top 10 Shareholders

Substantial shareholders as published in the annual report.
Powered by Morningstar ®