Blackham fires up new drilling program at Matilda

THE DRILL SERGEANT: Blackham Resources has re-commenced drilling at the company’s Matilda gold project with a program of approximately 2,000 metres targeting the Matilda Mine area.

The drilling will pay particular attention to shallow oxide mineralisation at the M10 prospect.

The current drilling follows on from the company’s first campaign at Matilda in February, which returned a number of high-grade intercepts from the M10 prospect including:

–    16 metres at 4.50 grams per tonne gold from 34 metres;

–    7m at14.0g/t gold from 74m;

–    8m at 9.98g/t gold from 107m; and

–    6m at 5.11g/t gold from 41m.

Blackham said the February drilling identified a core shoot, which remains open up and down plunge as well as extensive supergene mineralisation that is open in several directions.

 

Schematic long section of M10 deposit and recent drilling. Source: Company announcement

“This current program will build on the original program by testing the extensions of mineralisation as well as following up several new mineralised positions on the peripheries of the M10 prospect and nearby M6 pit,” Blackham Resources said in its ASX announcement.

“Results from the program are expected around the end of April.”

In conjunction with the Matilda drilling, Blackham said it is continuing to evaluate resource opportunities at the project following its recent upgrade of the Regent deposit to 237,000 ounces of gold and a combined project total of 757,000 ounces of gold.

Blackham’s exploration work is targeting previously defined deposits, which it said are most likely to be converted to reserves in the near term.