Blackham Resources extends mineralisation along strike at Matilda

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THE DRILL SERGEANT: Blackham Resources (ASX: BLK) announce the latest results from resource infill and extension drilling at the company’s Matilda gold project in Western Australia.

Blackham Resources said the latest 53 RC holes to be drilled at the project have intersected extensions to mineralisation at the M6, M1/M5 and M3 deposits.

M6 extensions confirm mining potential of new resource area:


MARC0523
11m at 2.47 grams per tonne gold from 34m M6

MARC0538
12m at 1.77g/t gold from 93m M6


MARC0534
8m at 2.74g/t gold from 110m M6


MARC0533
5m at 4.46g/t gold from 92m and 2m at 2.67g/t gold from 112m M6

Drilling encountered extensions to higher grade shoots at M3 and identified shallow mineralisation between the M1 and M5 deposits:


MARC0511
21m at 3.24g/t gold from 92m M3


MARC0510
12m at 1.44g/t gold from 120m M3


MARC0488
7m at 3.06g/t gold from 25m M1/M5


MARC0497
4m at 5.44g/t gold from 42m M1/M5


MARC0501
14m at 1.41g/t gold from 12m M1/M5

“These latest results confirm extensions to the M6 and M3 deposits and have identified shallow zones of mineralisation between the M1 and M5 pits immediately east of the M3/M4 pit,” Blackham Resources said in its ASX announcement.

Recent drilling of the Matilda mine has grown the resource to 13.1 million tonnes at 1.7g/t gold for 721,000 ounces of gold with 61 per cent now in the Measured and Indicated Resource categories at 8 million tonnes at 1.8g/t gold for 460,000 ounces of gold.

Blackham Resources indicated a resource model update is underway to include these latest results.

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au