Blackham Resources hit visual gold in Golden Age drilling
THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has intercepted visual gold in the early stages of recently commenced drilling being carried out on the Golden Age Reef at the company’s Matilda gold project in Western Australia.
According to Blackham hole GAUD0003 intercepted 4.8 metres (true width 1.6m) of quartz veining from 173.2 to 178m.
The company is now waiting on assay results of the hit.
Blackham explained this intercept is 55m east of the mine’s previous underground workings.
“We are very excited about the early success from our initial Golden Age drill program,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange/
“The high-grade Golden Age reef will be blended with the base load open pit Matilda Mine ore to increase the average grade of the mill feed.
“Golden Age is just one of numerous high grade quartz reefs in the immediate vicinity of the Wiluna gold plant.
“Golden Age is immediately accessible with established underground infrastructure that will allow mining to commence rapidly following the development decision.”
Blackham is conducting the Stage 1 drilling at Golden Age as part of a program designed to increase the size of and the company’s confidence in the existing resource.
Golden Age has historically produced 160,000 ounces of gold at 9g/t.
The deposit’s remaining Resource of 0.6 million tonnes at 6.7g/t gold for 125.000 ounces is a priority source of high-grade mill feed for the company’s recommissioning of the Wiluna plant.
Email: info@blackhamresources.com.au
Website: www.blackhamresources.com.au