Blackham Resources continues high-grade quartz reef drilling hits

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THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has received results from recent drilling activities at the company’s Golden Age underground mine, Galaxy open pit mine and from a maiden drill program at the Lake Way quartz reef prospect.

All three prospects are part of the company’s Matilda gold project near Wiluna in Western Australia.

The Golden Age mine comprises a high-grade free-milling quartz reef resource of 1.1 million tonnes at 4.4 grams per tonne gold for 150,000 ounces of gold.

Blackham drilled nine diamond core holes to define extensions to the Indicated Resource component.

The results returned high-grade extensions at Golden Age mine, including:

GAUD0016
1.5 metres at 47.8g/t gold;

GAUD0014
3m at 10.4g/t gold; and

GAUD0018
1m at 16.2g/t gold.

The Galaxy open pit mine is located 13 kilometres northwest from Blackham’s Wiluna gold plant.

Blackham completed 15 RC holes to infill Inferred Resource areas at the base of the preliminary DFS pit design, and high-grade mineralisation remains open down-plunge.

High-grade results at Galaxy outside the DFS pit include:

GARC0072
4m at 4.84g/t gold from 80m; and

GARC0077
4m at 4.48g/t gold from 83m and 4m at 5.43g/t gold from 102m.

The Lake Way Reef is a high-grade narrow-vein gold deposit located on a mining lease 3km north of the Wiluna plant by existing haul roads.

Blackham’s maiden drill program here targeted down-plunge extensions below historical workings.

The drilling encountered encouraging high-grades at Lake Way Reef, including:

LWRC0001
1m at 11.9g/t gold from 80m; and

LWRC0005
2m at 7.28g/t gold from 105m.

“Blackham’s exploration team have identified further drill targets ‘Golden Age offset’ and ‘Black Swan’, which together with Galaxy, Lake Way and Golden Age gold deposits form part of the 15 kilometre-long quartz reef trend,” Blackham Resources said in its ASX announcement.

“Blackham’s exploration program is designed to build on the existing Mineral Inventory with the goal of developing greater than 10 years of mine life at the Matilda gold project.”

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au