Blackham Resources hits new gold zone at Williamson

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THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has hit a new shallow high-grade zone of oxide mineralisation whilst completing the first round of drilling on the Williamson deposit, which is part of the company’s Matilda gold project, near Wiluna in Western Australia.

Blackham completed a program of 19 RC holes, which it claims has discovered the new zone of mineralisation along the western (footwall) flank of Williamson.

Results from the new high-grade footwall zone discovered in the Williamson pit include:

WMRC0012
2 metres at 95.14 grams per tonne gold from 33m;

WMDD0002
1.45m at 5.73g/t from 70m;

Blackham said the drilling indicated the new oxide lode is open to north and south and down dip.

The company said other intercepts received were typical of Williamson mineralisation, including:

WMDD0001
7.78m at 2.15g/t gold from 124m;

WMDD0002
16.65m at 1.09g/t gold from 201m;

WMRC0019
5m at 4.25g/t gold from 153m; and

WMDD0005
3.7m at 7.4g/t from 78m.

According to Blackham the shallow newly-discovered lode extends into the PFS pit design, which the company considers is likely to improve the pit’s economics.

The drilling also infilled the southern extensions of the resource to a spacing that is likely to support an Indicated resource classification.

Five diamond core (DD) holes were also completed to provide geotechnical and metallurgical samples for the current Definitive Feasibility Study (DFS).

Blackham expects these results to expand and add further confidence to the free milling, open pit mining inventory prior to the planned recommissioning of the Wiluna gold plant in 2016.

“Williamson is a bulk-tonnage gold deposit with geological similarities to Thunderbox (Saracen Mineral Holdings ASX: SAR) and Gruyere (Gold Road Resources ASX: GOR) elsewhere in the Yilgarn region,” Blackham Resources said in its ASX announcement.

“At Williamson, gold mineralisation is associated with disseminated pyrite and arsenopyrite and sulphide-bearing quartz veinlets within monzogranite dykes and sheared monzogranite – dolerite contacts.

“High-grade pods are noted along the monzogranite contacts, and visible gold has been seen in historical drill core.

“Whilst the overall grade of the Williamson resource is modest, 6.3 million tonnes at 1.7 grams per tonne for 350,000 ounces, the relative large tonnage typical of this style of mineralisation is an attractive exploration and development target for ensuring a sustainable base load mine plan for the Wiluna gold plant.”

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au