Blackham Resources Limited (ASX: BLK) – $0.010

08 Apr 2020

Blackham Resources Limited (ASX: BLK) has received high grade gold results from reserve extensional drilling at the Golden Age gold mine in Wiluna, Western Australia.

The Golden Age gold mine, one of three underground mines, is a narrow quartz reef deposit and a source of high grade free milling ore. The reserve extensional drilling program comprised 15 diamond drillholes for 1,201m drilled at the mine (Figure 1). Highlights from the drilling program include:

  • 6.6m @ 8.24g/t Au from 46.6m including 0.6m @ 82.2g/t Au;
  • 10.6m @ 3.45g/t Au from 62.1m including 5.2m @ 5.45g/t and 3.8m @ 8.14g/t from 88.1m.

Screen Shot 2020-04-08 at 2.39.05 PM

Figure 1. Golden Age underground mine with extensional targets.

The drilling program is aimed at extending the high grade free milling mine life and improving transitional cashflows for the next 12-18 months.

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