Golden Age brings visible gold to BLK’s Matilda Project

Published at Aug 3, 2015, in Mining

Blackham Resources Ltd (ASX:BLK) has hit visible gold in core samples from underground drilling at the Golden Age reef, part of its Matilda Gold Project in the Northern Yilgarn region of Western Australia.

BLK’s plan is to reactivate the mothballed Wiluna Gold Plant and process up to 100,000oz/pa drawn from the regional mines and resources in the immediate area.

To ensure the plant is well stocked when it begins first production – planned for H1 of 2016 – BLK is drilling several surrounding quartz reefs and working up extensions to its flagship Matilda mine.

Matilda has JORC inferred and indicated resources of 12.5Mt @ 1.8g/t for 712,000oz, while the resource estimate for Matilda’s measured and indicated resources recently received a 40% boost from the positive results of a drilling programme to 7,260,000t @ 1.8g/t for 424,000oz Au.

Visible gold at Golden Age

To augment Matilda’s rising resource size, BLK has begun a 3,500m Diamond Drilling programme into the Golden Age reef that’s produced 160,000oz Au at 9g/t Au while retaining a resource of 0.6Mt @ 6.7g/t for 125,000 oz Au.

BLK’s drilling programme is designed to increase the size and confidence of that resource so it can be fed into the Wiluna Plant when BLK reactivates it – and this is what’s been found already:

The Stage 1 Hole GAUD0003 intercepted 4.8m (true width 1.6m) of quartz veining from 173.2 to 178m. The quartz mineralisation is hosted within sheared dolerite with visible gold in the last 1.5m of the vein.

This intercept is just 55m east of the previous underground mine workings – and there are many more drill holes to come as BLK works through its programme.

BLK’s Managing Director, Bryan Dixon, says the company is very excited about the early success from Golden Age’s drill programme. “The high grade Golden Age reef will be blended with the base load open pit Matilda Mine ore to increase the average grade of the mill feed,” he says.

“Golden Age is just one of numerous high grade quartz reefs in the immediate vicinity of the Wiluna Gold Plant. Golden Age is immediately accessible with established underground infrastructure that will allow mining to commence rapidly following the development decision.”



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.

Thanks for subscribing!