BLK releases positive results from WA gold mine exploration
Blackham Resources (ASX:BLK) has released positive drilling results from its 100% owned Matilda Gold Project in Western Australia.
The assay results from the first eight RC holes of a 50 hole programme targeted the extensions of the M4 lode, a section of its Western Australian mine.
BLK drilled a number of holes, with the most successful being the M4 lode north of the planned M4 pit in that section, which intercepted gold mineralisation.
Plans on track for BLK
The results are in line to give the green light to Blackham’s plans to free-mill gold targets and resources within an open pit or shallow underground depths.
The discoveries, confirmed in the Iceberg 2 zone, are also close to a proposed Wiluna plant and infrastructure, which could be in operation to allow for processing shortly if all BLK’s plans come to fruition.
However, the focus of the exploration is on the Matilda Mine’s resources, totalling 13Mt @ 1.8g/t for 760,000oz. The plan is then to identify how much of the shallower resources are suitable for open pit mining.
Iceberg 2 zone’s discoveries
The recent discoveries, which are in the Iceberg 2 zone, are outside of the Matilda Gold Project’s initial mineral inventory. This gives the company an opportunity to grow the project mine life beyond the current four years.
Iceberg 2 has shown a shallow high grade zone of mineralisation plunging and drilling has proven at least 200m of strike length along the Iceberg 2 zone.
Future plans for BLK
BLK’s plans for the Matilda mine life extension is to grow the mining area both north and south, and through the west and central lodes.
Bryan Dixon, BLK’s Managing Director, says: “The recent drill results at the Matilda M4 have proven the historical RAB drilling in this area is ineffective due to the near surface depletion zone. These RAB results are however a very useful tool in finding new lodes within the Matilda Mining Centre.
“Management is confident of continuing to grow the Matilda mine life very cheaply in this area whilst mining studies progress on the other orebodies. The goal is to convert a critical mass of free milling resources into reserves to enable us to re-commission the Wiluna Plant.”
BLK and EcoTech join forces
At the beginning of March, BLK and EcoTech Mining signed a Memorandum of Understanding (MOU) to improve the metallurgical ore recoveries and processing costs at Wiluna.
Following the MOU, the companies joined forces to carry out the pilot scale test programme using EcoTech’s pilot plant facility.
EcoTech is also supporting BLK’s decision to build a 10,000tpa plant at Wiluna, and is completing a Bankable Feasibility Study to outline the potential of the plant.
If all goes well, the two companies plan to discuss and develop an agreement for the build of the Wiluna demonstration plant.