Blackham Resources hits high-grade gold at Golden Age

THE DRILL SERGEANT: Blackham Resources (ASX: BLK) is happy with the first assay results from drilling being carried out at the Golden Age Reef, part of the company’s Matilda gold project near Wiluna in Western Australia.

As part of the maiden drilling program, hole GAUD0003 intersected visual gold in the early drilling of the Golden Age Reef with assays returning:

5.1 metres at 198 grams per tonne gold from 173.1m, including 0.8m at 1,148g/t gold from 176.6m.

This intersection is 55m east of the previous Golden Age underground mine workings.

Blackham is undertaking Stage 1 of a 3,500m diamond drilling program into Golden Age with the stated aim to increase the size and confidence in the existing high-grade resource.

Golden Age is a free-milling deposit that has produced 160,000 ounces at 9g/t gold.

The remaining resource of 125,000 ounces of gold has been earmarked by Blackham as a priority source of high-grade mill feed for recommissioning the Wiluna gold plant.

“Our initial results from our maiden drilling at Golden Age have confirmed our understanding that this deposit has significantly further high-grade potential,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.

“The next drill results will confirm the potential for expanding the size of the Golden Age resource.

“The high-grade Golden Age ore will be blended with Matilda open-pit ore to increase the average head-grade of the mill feed.

“Golden Age is just one of numerous high-grade quartz deposits in close vicinity of the Wiluna gold plant.

“Golden Age has established underground infrastructure that will allow mining to commence rapidly following the development decision.”

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au