Blackham extends M10 at Matilda
THE DRILL SERGEANT: Blackham Resources has received results from recent drilling carried out at the Matilda gold project, which the company said has identified further extensions to the M10 deposit.
The Matilda project is located approximately 19 kilometres south of the township of Wiluna in Western Australia within the company’s 100 per cent-controlled granted mining license.
Blackham completed 17 Reverse Circulation (RC) drill holes totalling 1,916 metres during April in a program designed to test for extensions of mineralisation both up- and down-plunge at the M10, M6 and M3 deposits at Matilda.
Plan view of current and historical drill hole locations at M10 and M6 deposits. Source: Company announcement
Drilling around the periphery of the M10 deposit has returned high-grade intercepts including:
– 3 metres at 11.4 grams per tonne gold from 73 metres, including 1 metre at 29.5 grams per tonne gold from 73 metres; and
– 3m at 8.44g/t gold from 86m, including 1m at 20.4g/t gold from 87m.
“These results demonstrate that mineralisation remains open to both the north and south, with both holes on the limit of drilling,” Blackham Resources said in its ASX announcement.
“Mineralisation has been intersected in new stratigraphic positions and may represent new ore shoots that will build on the existing resources at M10.
“Further, all drill holes have intersected significant mineralisation. Interpretation of the results is continuing.”
The exploration work being conducted by Blackham at Matilda is targeting extensions to previously defined deposits, which the company said are most likely to be converted to reserves in the near term.
Blackham has received assay results for the first nine holes drilled in the program with the remainder expected to follow early next month.
“Blackham management are pleased with the continuing return of positive drill results which have confirmed the potential for ore at shallow depths along trend from the known deposits at Matilda,” the company said.