THE BOURSE WHISPERER: Blackham Resources (ASX: BLK) has recommenced RC drilling at the company’s Matilda gold project in Western Australia.
The company explained this latest round of drilling is the next step in exploration testing targets at the Matilda and Williamson gold mines.
“This drilling is critical to progress the project towards future feasibility studies,” Blackham Resources said in its ASX announcement.
“Exploration is currently focussed on short-term, high-impact objectives.
“This program builds on earlier successful drilling with an emphasis on not only increasing the current 1.5 million ounce resource estimate, but also improving the resource confidence which will allow the company to build its gold reserves.”
Plan view of M1 Pit and significant intercepts. Source: Company announcement
Specific targets for the upcoming drilling program include extending high-grade mineralisation in the Central Lode of M1, which encountered previous intersections of 35 metres at 5.05 grams per tonne gold.
Infilling drilling will be conducted at the Western Lode of M1, 300m down-plunge from the base of pit to a previous deep intercept of 13m at 6.76g/t gold.
The drilling will also test for new, oxide mineralisation north of the M4 deposit as well as testing near-surface extensions of the M3 deposit and first deep drilling beneath the M2 pit for high-grade shoots.
Drilling at the Williamson mine is due to commence in early October following the Matilda program and completion of site preparations.