Blackham Resources takes Matilda over 5M ounce mark with Moonlight Shear Resource

THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has released a maiden resource estimate for the Moonlight Shear deposit, located within the company’s Matilda gold project in Western Australia.

The Resource for Moonlight Shear has come in at 2.6 million tonnes at 4.6 grams per tonnes gold for 381,000 ounces of gold with 10 per cent of the Resource sitting in the Indicated category.

The Matilda gold project Resources now stand at 48 million tonnes at 3.3g/t gold for 5.1 million ounces with 48 per cent of the Resources Indicated.

Blackham has commenced open pit and underground mining studies on the deposit.

“Blackham is delighted to have put together over five million ounces of Resource all within a 20 kilometre radius of the Wiluna gold plant,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.

“Mining studies have commenced over the Moonlight resources.

“Our exploration team see significant potential along this two kilometre-long underexplored shear.”

The Moonlight Shear deposit is located less than two kilometres from Blackham’s 100 per cent-owned gold plant.

Blackham explained it has completed a number of maiden resource estimates targeting mineralisation along the under-explored Moonlight Shear Zone.

Further mining and exploration studies will focus on identifying shallow oxide and transitional resources along strike of the existing open pits where the mineralisation continues along the shear zones.

Blackham said the initial resource has identified resources that may be amenable to underground mining.

Email: info@blakchamresources.com.au

Website: www.blackhamresources.com.au