Blackham Resources scores further drill success at Matilda

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

According to Blackham recent drilling has identified a number of extensions the company considers could expand and add further confidence to the project’s free milling, open pit mining inventory prior to the anticipated recommissioning of the Wiluna gold plant next year.

The recent drilling also provided samples for metallurgical test work and geotechnical assessment as part of the preliminary feasibility study which is currently underway.

Drilling targeting the base of the M1 pit returned:
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14.5 metres at 6.74 grams per tonne gold from 163m, including 4.4m at 15.6g/t gold from 163m;

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9.5m at 2.64g/t gold from 123m and 11.1m at 0.97g/t gold from 138m and 8m at 2.26g/t gold from 153m and 10m at 1.39g/t gold from 175m

Drilling at M10 returned:
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14.2m at 3.64g/t gold from 38.5m; and

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1m at 8.08g/t gold from 47m.

Drilling targeting the base of the M2 pit returned:
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6.5m at 1.25g/t gold from 142m and 14.8m at 1.65g/t gold from 150m; and

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7.65m at 2.03g/t gold from 35.8m.

“Drilling at M1 targeted the base of the proposed pit along the Central and Eastern Lodes to add confidence to the existing resource model,” Blackham Resources said in its ASX announcement.

“Four holes drilled at M1 intersected mineralisation at the expected depths and have validated the geological model based largely on historical drilling and Blackham’s RC drilling.”

The company explained its drilling and mining studies have been focussed on adding further confidence as well as extending the Matilda Mine resources, which contains 12.5 million tonnes at 1.8g/t gold for 712,000 ounces as a base load feed of soft free-milling ore for the 1.3 million tonnes per annum Wiluna gold plant.

The company said its aim is to identify further shallow resources along the 3.5km strike of Matilda which are amenable to open pit mining.

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au