Blackham Resources (ASX: BLK) is a Western Australian based company focused on exploration at the Matilda and Williamson Gold Mines. The company is also evaluating the development of the Scaddan and Zanthus Energy Projects for the export of coal and building of a coal to liquids (CTL) facility.
Blackham Resources (ASX: BLK) has received the final assays from drilling at the Matilda Gold Project, which indicate that mineralisation remains open around the periphery of the historically mined pits.
The more than 600 square kilometre project surrounds Apex Minerals’ (ASX: AXM) operating 12.7 million tonnes at 5.4 grams per tonne (g/t) Wiluna Gold Mine, in a region that has produced more than 4 million ounces of gold.
High grade intercepts from the latest round of assays include:
- 2 metres at 5.79g/t gold from 66 metres;
- 3 metres at 3.18g/t gold from 91 metres; and
- 4 metres at 3.82g/t gold from 22 metres.
These build on the previously reported high grade intercepts at the M10 Prospect of 8 metres at 9.98g/t gold from 107 metres, 4 metres at 15g/t gold from 58 metres and 6 metres at 5.11g/t gold from 41 metres.
The drilling program, which comprised 17 reverse circulation holes, was designed to test extensions of mineralisation both up and down plunge at the M10, M6 and M3 deposits and Matilda. New mineralised shoots identified from the program could build on the current JORC Resource.
Matilda historical production
The Matilda Project, located 19 kilometres south of the township of Wiluna in Western Australia, produced 168,000 ounces of gold from seven shallow pits prior to closure in 1992.
Most of these pits were mined to less than 50 metres and feature shallow mineralisation outside the pit limits.
Matilda hosts a large mineralised system with gold in saddle reef and shear structures.
Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.