BLK firms up resource extension numbers as production nears

Published at Jul 19, 2016, in Mining

Blackham Resources (ASX:BLK) has finished the drilling which could inform a resources upgrade – saying the final results were “outstanding”.

The soon-to-be gold miner has told its shareholders that it is done and dusted with a program to test a possible extension of the Wiluna pit at its Matilda Gold Project.

The latest results from key extension targets included:

12m @ 7.52g/t Au from 147m; 5m @ 13.7g/t Au from 191m and; 8m @ 3.44g/t Au from 48m.

All up it drilled 17 reverse circulation holes, targeting extensions of the project’s main Wiluna pit including the Squib, West Lode, and Happy Jack deposits.

Open pit mining stopped at Wiluna during the 1990s, in order to focus on deeper high grade mineralisation – meaning that there was a potential ‘remnant’ mineralisation nearer to surface which went unexplored.

The higher gold price, however, has allowed BLK to investigate the possible extensions to the main pit – possibly to add to the main pit’s resource.

Follow-up drilling is being planned, and it is thought these new results will be folded into ongoing pit studies aimed at extending the life of the Matilda project.

There is no guarantee that the new results will add substantively to the life of the project, and BLK remains a speculative stock.

Given the areas tested were within 150m of the existing pit, BLK told its shareholders that it was hopeful that extensions could “rapidly” converted to resources.

Extensions to the Wiluna pit

Extensions to the Wiluna pit

About the Matilda project

BLK is gearing up for production from the historic Matilda gone mine in the third quarter of this year.

The Tailings Storage Facility contractor have begun works on site, with Matilda open pit and underground mining contractors also mobilised to the site.

The Matilda Gold Project has a resource of 48Mt @ 3.3g/t for 5.1Moz (51% indicated) of resource.

BLKs Matilda Gold Project is within 25km of its 100% owned Wiluna gold plant, which is targeted for over 100,000oz gold production per annum from 1.7Mt of throughput.

View Our Investment Portfolios



S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!