Blackham drills best results yet at Galaxy

THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has received results from a 23 hole RC drill program, which has delivered the best results to date from the Galaxy deposit.

The Galaxy deposit is the most advanced of a number of quartz reef prospects located in the northern portion of the company’s recently-acquired Matilda gold project.

 

Source: Company announcement

 

Blackham said the program was designed to further test a number of lode positions within a likely minable open pit and builds on the results returned from the company’s maiden 16 hole program completed at Galaxy in February.

The company considers the results of these two programs to provide it with confidence the Galaxy deposit will be well suited feed for re-starting the Wiluna gold project mill.

Results from the latest drilling include:

GARC0027
9 metres at 13.4 grams per tonne gold from 73m;

GARC0024
2m at 28.9g/t gold from 23m;

GARC0030
4m at 8.68g/t gold from 4m; and

GARC0037
6m at 8.82g/t gold from 13m.

“Our drilling at Galaxy is consistent with Blackham’s strategy of converting a critical mass of our 4.3 million ounce resource into reserves with a view to building a sufficiently robust mine plan to allow us to restart the WGP mill,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.

“The Galaxy deposit is a shallow high-grade quartz reef that looks attractive from an open pit mining viewpoint.

“Now we have better understanding of the orientation of the high-grade shoots and we are excited about testing the deeper extensions to Galaxy.”

Website: www.blackhamresources.com.au