Blackham Resources Limited (ASX:BLK) Sep 2012 Quarterly Activities Report  

The Blackham Resources Limited (ASX:BLK) Board is very pleased to report the following highlights during the quarter:

Matilda Gold Project
- gold resource grows to 1.4Moz an increase of 76% during the quarter
- indicated resource increased to 2.7Mt @ 2.1g/t au
- Metallurgy at Matilda Mine confirmed as free milling
- 4,500m of RC and 620m of diamond core drilling completed at the Matilda Mine since end of last quarter
- Drilling success during the quarter included
-- 31m @ 2.32 g/t Au from 120m M4 MARC0051
-- 16m @ 1.69 g/t Au from 161m M4 MARC0051
-- 8m @ 3.25 g/t Au from 85m M4 MARC0052
-- 8m @ 2.13 g/t Au from 103m M4 MARC0052
-- 13m @ 2.92 g/t Au from 156m M1 MARC0054
-- 18m @ 2.11 g/t Au from 146m M1 MARC0055
-- 12m @ 2.12 g/t Au from 166m M1 MARC0061
- Drilling results suggest increase in both size and confidence of resource. Revised resource estimation underway
- Matilda Mine scoping study well advanced
- Positive Regent scoping study completed in July
- Williamson exploration target estimated 0.5 to 2Moz1 au (2 - 6g/t see Table 2)

Corporate
- 1.2m in equity raised during the quarter

To View the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-611721.pdf