Drilling at Matilda provides happy grades for Blackham Resources

THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has released the first results achieved from recent drilling carried out at the M4 deposit at the company’s Matilda gold project in Western Australia.

Blackham is currently drilling at the Matilda Mining Centre focussing on the M1, M2, M3 and M4 deposits.

 

Drill hole location plan. Source: Company announcement

 

The company has fingered the M4 deposit as a priority area to recommence mining operations at the Matilda Mining Centre and has designed the drilling program to test for extensions of mineralisation beneath the existing resource and to identify high-grade shoots within the broader lodes.

Latest results from this drilling include:

–    13 metres at 4.51 grams per tonne gold from 119 metres, including 2 metres at 14 grams per tonne from 128 metres;

–    12m at 2.48g/t from 158m; and

–    11m at 3.32g/t from 134m.

“This new program has continued to extend the thick mineralisation outside the existing M4 pit,” Blackham Resources said in its ASX announcement.

“Results are generally thicker and higher tenor than intercepted by previous explorers closer to surface, possibly indicating depletion zones in the weathered profile.

“Further drilling is planned along strike to the north of the M4 pit where previous drilling appears to have been ineffective.”

Blackham has also received results from several holes drilled at the M1 South, which it said have returned results in line with its expectations.

These include:

–    4m at 6.04g/t from 110m.

The company said the results will assist in converting Inferred resources to the higher Indicated category.

Blackham’s resource inventory at the Matilda gold project is currently 25 million tonnes at 1.9g/t for 1.5 million ounces of gold, which includes 14 million tonnes at 1.8g/t for 784,000 ounces of gold at the Matilda Mining Centre.