Blackham Resources claims discovery of repeating lodes at Matilda

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THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has received further drill results from the company’s Matilda gold project in Western Australia, which has identified two new highly prospective lodes.

Drilling at M10 East in-filled the current resource block model and Blackham said the results are in line with its expectations.

Drilling at M6 North (800m south of the M1 Pit) intersected a new high-grade shoot immediately north of the M6 pit that was mined during the early 1990’s.

Blackham now has follow-up stage 2 drilling planned in the coming days utilising the RC rig currently on site.

Aircore sterilisation drilling of the planned Matilda waste dump location returned highly anomalous composited grades from a new gold-mineralised structure that extends between the M10 East shoot and the M4 pit.

Results from a new discovery of shallow higher grade shoot at M6 North include:

MARC0334
20 metres at 1.81 grams per tonne from 22m from 30m;

MARC0325
7m at 4.71g/t from 42m, including 2m at 11.9g/t from 44m; and

MARC0324
5m at 4.04g/t from 15m.

Results from M10 East shoot infill drilling include:

MARC0316
9m at 2.78g/t from 19m; and

MARC0321
3m at 2.62g/t from 50m and 2m at 2.13g/t from 57m.

Highly anomalous AC sterilisation composite results reveal new gold lode:

MAAC0008
16m at 0.61g/t from 32m and 16m at 1.16g/t from 60m;

MAAC0002
12m at 0.5g/t from 40m; and

MAAC0001
12m at 0.33g/t from.

Drilling of the Matilda Mine has recently grown the resource to 12.9 million tonnes at 1.8g/t for 724,000 ounces of gold with 61 per cent now in the Measured and Indicated resource category (7.6Mt at 1.8g/t for 439,000oz gold).

“Current RC drilling is ongoing to the north and south of the M4 Pit as well as further defining the new M6 North and M4 East lodes,” Blackham Resources said in the company’s ASX announcement.

“The Matilda Mining Centre is intended as a base load feed of soft oxide ore for up to 1.7 million tonnes per annum through the Wiluna gold plant.

“Matilda reserves are expected to be updated again prior to production.”

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au