Blackham Resources hits more high-grades at Golden Age

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THE DRILL SERGEANT: Blackham Resources (ASX: BLK) managing director Bryan Dixon was looking pleased at the Mining 2016 conference in Brisbane.

The company had just announced the latest results from underground drilling at the free milling, quartz vein hosted Golden Age deposit, which forms part of Blackham’s 100 per cent-owned Matilda gold project in Western Australia.

Dixon told The Roadhouse the results confirmed there to be a lot of gold lying around the Matilda gold project.

So much, in fact, that the company may have to consider building a new mill.

The latest results from Golden Age returned a number of high-grade results between and along strike from historical stopes including:

GAUD0063
1.9 metres at 38.6 grams per tonne gold, including 0.9m at 80.6g/t;

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3.7m at 17.1g/t gold, including 1m at 28.8g/t gold;

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1.9m at 12.91g/t gold;

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2m at 13.4g/t gold, including 1m at 25.6g/t gold; and

GAUD0034
2.7m at 8.63g/t gold, including 2m at 11.3g/t gold. 

Blackham said the diamond drill program was designed to test the grade and continuity of the Golden Age lode between two historical stoped areas outside the current resource.

The company believes this program will most likely yield a Reserve increase for this portion of Golden Age, situated just 400m below surface and easily accessible from the existing decline.

Several holes also intersected the Lennon sulphide lode along strike from existing Indicated Resources.

Results returned from the Lennon Lode include:

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6m at 5.15g/t gold;

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6.1m at 10.50g/t gold, including 1m at 54.4g/t gold; and

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12m at 7.4g/t gold.

Prior to this drilling the Golden Age ore reserve was estimated at 112,000 tonnes at 6g/t gold for 21,000 ounces.

Blackham expects these results will increase the Golden Age Mineral Resource, leading to further ore reserve additions.

“The latest Golden Age drilling is likely to add further grade profile to the mill feed during the first two years of production,” Dixon said in the company’s announcement to the Australian Securities Exchange.

“The latest mineralisation which is outside the current resource is easily accessible just above the existing Golden Age reserves where mining activities commenced in July.

“The mining study over this new area is being prioritised.”

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au