(MENAFN- ABN Newswire) Perth, July 18, 2016 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) ("Blackham") is pleased to announce that all assay results from an extension drilling program at the Matilda Gold Project in Western Australia have now been received. A total of 17 RC holes for 4,067m have been completed targeting extensions to mineralisation at the Wiluna Gold Mine. Holes were designed to test areas within 150m of existing open pits and underground development to ensure that any extensions to mineralisation could be rapidly converted to resources. Results from the first part of the program, testing the Essex deposit, were released earlier in the month (refer to ASX release 1st July 2016).
Successful extensions to high grade shoots at Wiluna Deposits:
- 12m 7.52g/t Au from 147m in WURC0011 (Squib)
- 5m 13.7g/t Au from 191m in WURC0004 (West Lode)
- 8m 3.44g/t Au from 48m in WURC0006 (Happy Jack)
Drilling has returned outstanding results from the West Lode, Squib and Happy Jack deposits. Intercepts include 5m 13.7g/t Au from 191m including 3m 20.9g/t Au in WURC0004, 8m 3.44g/t Au from 48m including 4m 5.42g/t Au in WURC0006 and 12m 7.52g/t Au from 147m including 2m 38.1g/t Au in WURC0011.
Open pit mining at Wiluna ceased in the early 1990's when focus shifted to mining high-grade underground deposits. Significant remnant mineralisation remains that may be profitably exploited in today's higher gold price environment. Follow up drilling is planned and these new results will be incorporated into the ongoing open pit and underground mining studies.
WILUNA SHEAR SYSTEM RC DRILL RESULTS
Historical drilling at Wiluna has predominantly focused on underground mining targets, following mineralisation down plunge with only limited drilling along strike of the known deposits. A program of RC holes has been completed on the Wiluna Shear System targeting extensions at a number of open pits (Figure 1, see link below).
Holes were designed to follow up high grade intercepts in drilling completed by previous operators including 14m 10.7g/t Au at West Lode, 19m 16.4g/t au at Essex, 35m 8g/t at Happy Jack and 8m 13.4g/t at Squib. All holes targeted extensions of mineralisation within 150m of existing infrastructure at depths of less than 500m from surface. Due to the proximity to infrastructure, any economic mineralisation intersected will require minimal additional capital development to access and is likely to allow rapid conversion into the mine plan.
Results of all assays received from this program are given in Table 1 (see link below).
West Lode
Drilling at West Lode has extended mineralisation further to the south with an intercept of 5m 13.7g/t Au from 191m including 3m 20.9g/t Au (Figure 2, see link below). This mineralisation is within 30m of existing underground development and is likely to extend the resource to the south. Limited shallow drilling exists south of west lode and the system remains open along strike.
Happy Jack - North Pit
High grade mineralisation has been intersected at Happy Jack with an intercept of 8m 3.44g/t Au from 48m including 4m 5.42g/t Au in WURC0006. This mineralisation is within 50m of surface and extends mineralisation at the North Pit at depth and along strike. It will be included in open pit studies which are looking at the potential for further cut backs on the historical pits.
Squib
High grade mineralisation has been intersected at the Squib deposit with an intercept of 12m 7.52g/t Au from 147m including 2m 38.1g/t Au in WURC0011 (Figure 3, see link below). This intercept confirms extension of mineralisation at depth, down plunge and along strike. The lode remains open in all directions, and will be tested further in the follow-up drill program.
Matilda Gold Resources
The Matilda Gold Project has an updated Mineral Resource of 48Mt 3.3g/t for 5.1Moz of all within a 20 kilometre radius of Blackham's 100% owned Wiluna gold plant capable of processing up to 1.7Mtpa for over 100,000ozpa gold production. Measured and indicated resources now total 22Mt 3.4g/t for 2.4Moz (refer to ASX release 17th June 2016).
To view tables and figures, please visit:
http://abnnewswire.net/lnk/IDBWJUY8
About Blackham Resources Ltd
Blackham Resources Limited (ASX:BLK), a Western Australian resources company, is focused on exploration and development at the Matilda and Williamson Gold Mines in the Wiluna gold belt of Western Australia. The Matilda Gold Project incorporates over 780 square kilometres of tenements including Regent and the Matilda and Williamson Gold Mines containing total JORC 2012 resources of 44Mt 3.3 g/t for 4.7 Moz ounces of gold. These tenements cover around 45 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine & Coles Find Sequence has historically produced 4 million ounces of gold.
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