Blackham Resources announces further high-grade hits at Galaxy

THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has received results from recent resource definition and PFS drilling activities at the Galaxy gold deposit, which is part of a system of high-grade quartz reef gold deposits extending northwest from the company’s Wiluna mining centre in Western Australia.

The company encountered gigh-grade free milling intercepts including:

2.5 metres at 12.84 grams per tonne gold from 80m and 7.5m at 3.58g/t gold from 113m;

3.6m at 6.39g/t gold from 35.1m;

7.5m at 3.14g/t gold from 7.8m; and

3m at 3.97g/t gold from 86m.

Galaxy is located 13 kilometres from Blackham’s 100 per cent-owned Wiluna gold plant.

The company said mining and metallurgical studies it has carried out to date suggest the high grade resource from surface will be an attractive feed for re-commissioning Wiluna.

Blackham has completed a small program of four diamond holes, which its claims to have identified further high-grade mineralisation within the optimised pit shell.

“Blackham’s drilling, processing and mining studies have confirmed the Galaxy deposit as a high grade shallow deposit suitable to open pit mining with good metallurgical recovery to be fast tracked towards production,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.

“The recent drilling is likely to further enhance the economics of the Galaxy pit.

“The Galaxy and Golden Age deposits are two high grade, free milling quartz reefs in the immediate vicinity of the Wiluna gold plant that Blackham intends to mine.

“These deposits are 13 kilometres apart with numerous quartz reef prospects in between.”