Blackham Resources hits more shallow extensions at Matilda

THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has received results from ongoing drilling at the company’s Matilda gold project in Western Australia.

The assay results from RC holes 9 to 14 – part of a 50 hole program – at the Matilda Mining Centre targeted the extensions of the M4 lode.

Blackham said the latest drilling has confirmed a shallow high-grade zone of mineralisation plunging to the north – known as Iceberg 2 Zone.

According to Blackham the drilling has defined an additional 200 metres of strike length along the newly identified high-grade oxide Iceberg 2 Zone starting 50m north of the latest M4 mine pit design.
 
The company said the results also confirm the Iceberg 2 Zone demonstrates both better grades and widths at depths similar to the Iceberg Lode that pulls the planned M4 pit to a depth of 110m.

Results include:

M4 Iceberg 2 Zone extended along strike, near-surface

MARC0184 M4 Lode
6 metres at 4.53 grams per tonne gold from 37m, 4m at 1.11g/t gold from 49m, and 5m at 1.28g/t gold from 64m;

MARC0185M4 Lode
3m at 3.1g/t gold from 59m.

“All the significant drill results from our current Matilda drilling are from shallow depths and sit outside the current pit designs,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.

“As a result management are very confident of continuing to grow the
Matilda mine life in this area.

“We are in the process of revising the Matilda resources to include the M4 Iceberg 2 Zone with the aim being to ensure the Matilda project is able to sustain a base load of feed when we re-commission the Wiluna plant.”

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au