Blackham Resources piles up more base feed Resources at Williamson

THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has upgraded Resources at the Williamson Mining Centre, which is part of the company’s Matilda gold project. In Western Australia.

The resource update includes a revision of the geological interpretation and additional drilling of five diamond and 41 Reverse Circulation (RC) holes Blackham carried out in late 2015.

The new Williamson Resource estimate (including the Williamson South deposit) is:

7.1 million tonnes at 1.6 grams per tonne gold for 360,000 ounces, of which 3.3 million tonnes at 1.62g/t gold for 171,000 ounces is now in the Indicated category.

“The Williamson/Lake Way area is expected to be an important source of base load free milling ore to extend the mine life of the project,” Blackham Resources said in its ASX announcement.

“Williamson is a bulk-tonnage gold deposit with geological similarities to Thunderbox (Saracen Mineral Holdings ASX: SAR)) and Gruyere (Gold Road Resources (ASX: GOR)) elsewhere in the Yilgarn region.”

The Matilda gold project now boasts 45 million tonnes at 3.2g/t gold for 4.7 million ounces of Resource all within a 20 kilometres radius of the company’s 100 per cent-owned Wiluna gold plant.

The project includes four large geological systems within the Wiluna Goldfield including the Matilda, Quartz Reefs, Wiluna and Lake Way systems.

Measured and indicated resources now total 21 million tonnes at 3.4g/t gold for 2.3 million ounces.