Blackham Resources Ltd.: Activities & Cashflow Report December 2015
31.01.2016 | ABN Newswire
Perth, Australia (ABN Newswire) - Blackham Resources Limited (ASX:BLK) announce the Quarterly Activities & Cashflow Report for the period ending December 2015.HIGHLIGHTS INCLUDE:
- PFS confirmed Matilda Gold Project's Robust Economics
- Mineral Inventory 6.0Mt @ 2.8g/t for 540,000oz
- strong conversion to Reserves
- mine life growing
- Large gold resource 45Mt @ 3.3g/t for 4.7Moz (49% indicated)
- Quartz reef total resources increased to 1.85Mt @ 3.6g/t for 216,000oz (41% indicated).
- Matilda Mine Resources increases to 12.9Mt @ 1.8g/t for 724,000oz at Matilda Mine (61% measured and indicated).
- All resources within a 20km radius of Wiluna gold plant
- Exploration success includes:
Galaxy - high grade drilling results
- 2.5m @ 12.84g/t & 7.5m @ 3.58g/t (GLDD0003)
- 12m @ 4.57g/t (GARC0065)
- 10m @ 4.52g/t including 3m @ 10.0g/t (GLDD0005)
- 2m @ 7.99g/t & 5m @ 6.33 g/t (GLDD0006)
Matilda
- 6.8m @ 12.6 g/t from 73m (MADD0027)
- 1.6m @ 11.4g/t from 86m (MADD0036)
- 35.8m @ 1.85g/t from 130m (MADD0032)
- 14m @ 3.26g/t from 87m (MADD0024)
- 24m @ 1.78g/t from 83m (MARC0309)
- 12.6m @ 2.96g/t from 68m (MADD0029)
Williamson
- 2m @ 95.14g/t Au from 33m (WMRC0012)
- 29m @ 1.81 g/t Au & 6m @ 1.93 g/t Au (WMRC0041)
- 16m @ 1.4 g/t Au (WMRC0039)
- 14m @ 1.16 g/t Au & 13m @ 1.11 g/t Au (WMRC0038)
- Definitive Feasibility Study to be completed in Feb 2016
- Targeting gold production mid-year
Corporate
o $9.1 million in cash and investments - December 2015
o $23 million undrawn project facility
o Further experience added to the Board and management team
To view the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-751222.pdf
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 incorporates over 780 square kilometres of tenements including Regent and the Matilda and Williamson Gold Mines containing total JORC 2012 resources of 44Mt @ 3.3 g/t for 4.7 Moz ounces of gold. These tenements cover around 45 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine & Coles Find Sequence has historically produced 4 million ounces of gold.
Contact:
Bryan Dixon, Managing Director
Blackham Resources
T: +618 9388 0944
Tony Dawe Professional
Public Relations
T: +618 9322 6418