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Perth, Oct 30, 2012 (ABN Newswire) - Blackham Resources Ltd (
ASX:BLK) is pleased to announce the results of recent drilling at the Matilda Gold Project near the township of Wiluna in Western Australia. Blackham is currently undertaking an infill and extension RC programme at the Matilda Mining Centre focussing on the M1, M3 and M4 Deposits.
This initial programme at M1 was limited to the western limb of the Central Lode (Figure 1 in link below). Results from this drilling have defined thick, continuous zones of mineralisation with significant intercepts of 13m @ 2.92 g/t from 156m including 2m @ 5.90 g/t from 166m (MARC0054), 18m @ 2.11 g/t from 146m (MARC0055) and 16m @ 1.31 g/t from 146m (MARC0056) which demonstrate excellent continuity of the lode (Figure 2). The results are broadly consistent with historical intercepts on this lode such as 14m @ 4.17 g/t and 11m @ 3.91 g/t.
These results follow the initial results returned from M4 which included 31m @ 2.32 g/t from 120m and 16m @ 1.69 g/t from 161m in MARC0051. Interpretation of the results is continuing.
The results will assist raising the level of confidence from Inferred to Indicated as well as add to the global resource. In addition, this drilling provides encouragement and assistance with targeting the deeper lodes which remain open at depth. High grade, down-plunge mineralisation at M1 includes:
- 13m @ 6.59 g/t from 211m (WR02328) - Central Lode
- 12m @ 5.71 g/t from 190m (MDDH031) - Central Lode
- 13m @ 6.76 g/t from 236m (MTRC0014) - Western Lode
Further results are still to come from the M1, M3 and M4 deposits in the coming weeks.
Interpretation of results is on-going and a follow-up programme is being designed to test the highgrade shoots at M1.
Blackham's resource inventory at the Matilda Gold Project is currently 23Mt at 1.9g/t for 1.4Moz Au (see Table 1 in link below) which includes 12Mt @ 1.7g/t for 680,000oz Au at the Matilda Mining Centre. Further resource updates are planned upon completion of the current drill programme.
To view figures, charts and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-610892.pdf
ASX:BLK) is pleased to announce the results of recent drilling at the Matilda Gold Project near the township of Wiluna in Western Australia. Blackham is currently undertaking an infill and extension RC programme at the Matilda Mining Centre focussing on the M1, M3 and M4 Deposits.This initial programme at M1 was limited to the western limb of the Central Lode (Figure 1 in link below). Results from this drilling have defined thick, continuous zones of mineralisation with significant intercepts of 13m @ 2.92 g/t from 156m including 2m @ 5.90 g/t from 166m (MARC0054), 18m @ 2.11 g/t from 146m (MARC0055) and 16m @ 1.31 g/t from 146m (MARC0056) which demonstrate excellent continuity of the lode (Figure 2). The results are broadly consistent with historical intercepts on this lode such as 14m @ 4.17 g/t and 11m @ 3.91 g/t.
These results follow the initial results returned from M4 which included 31m @ 2.32 g/t from 120m and 16m @ 1.69 g/t from 161m in MARC0051. Interpretation of the results is continuing.
The results will assist raising the level of confidence from Inferred to Indicated as well as add to the global resource. In addition, this drilling provides encouragement and assistance with targeting the deeper lodes which remain open at depth. High grade, down-plunge mineralisation at M1 includes:
- 13m @ 6.59 g/t from 211m (WR02328) - Central Lode
- 12m @ 5.71 g/t from 190m (MDDH031) - Central Lode
- 13m @ 6.76 g/t from 236m (MTRC0014) - Western Lode
Further results are still to come from the M1, M3 and M4 deposits in the coming weeks.
Interpretation of results is on-going and a follow-up programme is being designed to test the highgrade shoots at M1.
Blackham's resource inventory at the Matilda Gold Project is currently 23Mt at 1.9g/t for 1.4Moz Au (see Table 1 in link below) which includes 12Mt @ 1.7g/t for 680,000oz Au at the Matilda Mining Centre. Further resource updates are planned upon completion of the current drill programme.
To view figures, charts and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-610892.pdf
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About Blackham Resources Limited
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 contains resources of 24.5Mt @ 1.90g/t gold. The tenure package covers 50km of strike along the Wiluna Mine sequence and Coles Shear which has produced over 4Moz of gold. Blackham have the largest landholding (>500km2) in the Wiluna goldfield, one of Western Australia’s major Archaean greenstone belts. Blackham aims to delineate a multi-million ounce gold resource and targeting converted resources to reserves in the near term.
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