Matilda Project Fully Funded for Gold Production by Q2 2016
The Matilda Gold Project is 100% Blackham owned and includes the Wiluna gold plant and infrastructure, slashing capital costs and timeframes to pour first gold in 2016.
The Matilda Gold Project resource now stands at 44 million tonnes at 3.3 grams of gold per tonne for 4.7 million ounces. Blackham has tenure over 780 square kilometres of prime gold exploration acreage in the richly endowed northern Yilgarn region, including 55 kilometres of mineralised strike. Drilling has been focused on building mineral reserves of free-milling ores to sustain a minimum 10 year mine life.
Blackham Resources' strategic acquisition of the Wiluna Gold Project, together with the landmark agreement with Orion Mine Finance Fund, unlocks the Matilda project and fast-tracks Blackham to becoming Western Australia's next gold producer.
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About Blackham Resources Ltd
Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. The Matilda/Wiluna Gold Operation incorporates over 1,000 square kilometres of tenements containing total JORC 2012 resources of 63Mt @ 3.2 g/t for 6.4Moz of gold. These tenements cover around 55 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine and Coles Find Sequence has historically produced 4 million ounces of gold.
All the deposits are within 26 kilometres by existing haul roads of Blackhams recently acquired Gold Plant. With exploration prospects at Mt Poole, Monarch, Carroll Prior, Red Lady, Zenith, Island and Albion in the Lakeway area provides the company with excellent exploration areas for potential future projects.
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Blackham Resources Ltd