Blackham Resources confirms high-grades at Golden Age Reef

THE DRILL SERGEANT: Blackham Resources’ (ASX: BLK) maiden drill program into the Golden Age Reef, at the company’s Matilda gold project near Wiluna in Western Australia keeps on delivering the goods.

According to the company the latest results from drilling of the central portion of the deposit have confirmed the high-grade nature of the Golden Age Reef.

Results include:

GAUD0004 
2.2 metres at 18.9 grams per tonne gold, including 0.8m at 42.1g/t gold;

GAUD0005 
0.9m at 24.8g/t gold;

GAUD0012 
3m at 9.18g/t gold; and

GAUD0011
0.7m at 16.2g/t gold.

Blackham considers these latest Golden Age drilling results provide further evidence of the high-grade nature of the quartz reef, which historically produced 160,000 ounces at 9g/t fully diluted.

The company also believes this drilling has demonstrated the system is still open and that previous modelling appears to be conservative.

“The drilling at Golden Age has confirmed our understanding that this deposit has significant further high-grade potential, that remains open, and has previously been conservatively modelled,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.

“The high-grade Golden Age ore will be blended with Matilda open-pit ore to increase the average head-grade of the mill feed.

“Golden Age is just one of numerous high-grade quartz deposits in close vicinity of the Wiluna gold plant.

“Golden Age has established underground infrastructure that will allow mining to commence rapidly following the development decision.”

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au