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Blackham Resources posts first quarterly gold production numbers

During the month of December alone, 5,010 ounces of gold were produced.
Blackham Resources posts first quarterly gold production numbers
During the month of December alone, 5,010 ounces of gold were produced.

Blackham Resources (ASX:BLK) produced 9,240 ounces of gold during the December quarter from its Matilda and Wiluna Gold Operations in Western Australia after achieving its first pour in the third week of October 2016.

During the month of December alone, 5,010 ounces of gold were produced.

Crushing and grinding throughput rates increased through the quarter which coincided with an increase in the mill feed grade from November through to December. 
The plant optimisation and de-bottle necking program is ongoing with a view to continuing the ramp up and maximising gold production.

Blackham’s FY2017production forecast is 64,000 to 71,000 ounces of gold.


Background

Blackham’s 100% owned Matilda and Wiluna Gold Operations are located in Australia’s largest gold belt.

The Wiluna Gold Plant is located in the centre of the combined operation and can process circa100,000 ounces of gold per annum, known as Stage 1.

The project contains a global JORC resource of 58 million tonnes grading 3.2 g/t gold for 6.0 million ounces of gold.

The 1,000+ square kilometre tenement package has historically produced in excess of 4.3 million ounces of gold.

A mill expansion study is now in progress, known as Stage 2, which is exploring the potential to grow production beyond 200,000 ounces of gold per annum.


Mining studies update

Blackham is advancing its mining studies over the Wiluna open pit areas with a view to updating its mine plan and publishing its maiden Wiluna open pit reserves.

The East West pit resource and initial mining studies suggest the scale of the East West pit has potential for a 1,500 metres long, 600 metres wide pit that could extend 230 metres deep.

Initial mining studies also demonstrate the potential for a 1.9 kilometre long pit in the Happy Jack – Bulletin area.





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