Blackham Resources continues to grow Matilda base load ore

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THE DRILL SERGEANT: Blackham Resources has continued to grow the base load source of ore at the company’s Matilda gold project in Western Australia.

Balckham said the latest results it has received from drilling at the Matilda project from a recently completed program of four RC holes and 20 diamond holes is expected to both expand and add further confidence to the free-milling, open pit ore reserves.

The diamond drilling program comprised 20 holes and was designed to provide geotechnical assessment of proposed pit walls and metallurgical samples of oxide, transitional and fresh rock from each of the proposed sub pits.

Results include:

High grade ore confirmed in the base of the M10 pit:
6.8 metres at 12.6 grams per tonne gold from 73m (MADD0027);

1.6m at 11.4g/t from 86m (MADD0036)

Broad ore zones within and extending the M3 & M4 orebodies:
35.8m at 1.85g/t from 130m (MADD0032);

14m at 3.26g/t from 87m (MADD0024);

24m at 1.78g/t from 83m (MARC0309);

1.7m at 11.6g/t from 35m (MADD0028);

2.8m at 6.06g/t from 123m (MADD0030);

2.5m at 5.15g/t from 105m (MADD0037).

Broad ore zones within the M1 & 2 orebodies:
12.6m at 2.96g/t from 68m (MADD0029);

19.3m at 1.66g/t from 115m (MADD0031).

Blackham considers the Matilda Mine to be an important source of open pit ore that will provide base load ore for the recommissioning of the Wiluna Plant, which is anticipated to commence around mid-2016.

The base load Matilda ore will be supplemented with high-grade quartz reefs for an estimated average feed grade of 2.8 grams per tonne gold.

“Blackham’s Matilda mine orebodies continue to grow in size,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.

“The Matilda mine is a very important source of base load oxide ore that we will use to recommission the Wiluna gold plant around the middle of the year.

“The Wiluna gold plant has not had a base load oxide feed for many years which gives Blackham a very significant comparative advantage over previous operators.

“Resource extensional drilling at Matilda, Golden Age and Galaxy is ongoing with a view to growing the mine life further prior to starting production.”

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au