Blackham strikes ounce and a half dirt

Perth based Blackham Resources midas touch has continued at its Wiluna Gold mine with a 1.5m drill intersection grading 47.8 grams per tonne gold or a whopping ounce and a half of gold per tonne of dirt.

The new intersection was discovered at Blackham’s Golden Age mine in Wiluna which comprises of a high-grade free-milling quartz reef resource of 1.1Mt @ 4.4g/t for 150 000 ounces of gold.

Other excellent results at Golden Age include a 3m intersection grading @10.4 g/t gold and 1m @ 16.2 g/t gold.

Further drilling at the Galaxy deposit also yielded some very positive results including 4m@4.84 g/t gold from 80m, 4m@4.48 g/t gold from 83m & 4m @ 5.43 g/t from the 102m mark.

Blackham’s Lake Way Reef prospect also threw up some interesting results that included 1m@11.9 g/t gold from 80m and 2m@7.28 g/t gold from105m.

The missing link from the Golden Age Offset which is essentially the fault-offset missing portion of the Golden Age mine now has an exploration target of between 40 000 and 320 000 ounces of gold grading an impressive 6- 10 g/t gold.

Blackham’s Managing Director, Bryan Dixon said “Blackham’s recently completed definitive feasibility study confirmed the economics of Galaxy and Golden Age as high-grade ore bodies suitable for open pit and underground mining with good metallurgical recoveries. The latest drilling provides further confidence in the resources and their extensions at depth."

"We’re expanding known resources down plunge and along strike, and our exploration effort is aimed at finding new high-grade quartz reef resources at Lake Way and Golden Age Offset targets."

"Later this year Blackham intends to start mining both the Galaxy and Golden Age ore bodies as high grade feedstocks for its Wiluna gold plant. Interestingly Golden Age is the only one of these high grade reefs which has had significant drilling below 100m despite many of them having extensive old timer underground workings.” 

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 ®