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Sydney, Oct 31, 2012 (ABN Newswire) - 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
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
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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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