Blackham Resources Limited: Quarterly Activities Report March 2016
02.05.2016 | ABN Newswire
Perth, Australia - The Board of Blackham Resources Limited (ASX:BLK) is pleased to provide an update on its activities for the quarter ended 31 March 2016 and thereafter.HIGHLIGHTS INCLUDE:
- DFS completed demonstrating strong economics for the Matilda Gold Project
- 2 plus years added to PFS mine life
- DFS Mineral Inventory 8.3Mt @ 2.9g/t for 767,000oz Au
- strong conversion to Reserves
- Mine life growing 8.5Mt @ 3.0g/t for 826,000 Au
- Reserves now total over half a million ounces
- Large gold resource 45Mt @ 3.3g/t for 4.7Moz (50% indicated)
- Resource upgrades at Matilda, Golden Age, Williamson and Bulletin completed
- Drilling success included:
Matilda - pit extensions and discovery of M6 north lode
Galaxy - high grade drilling down plunge of open pit
Golden Age - high grade extensions confirmed
Bulletin - shallow high grade strike extensions proven
- Gravity and seismic geophysics completed over Lake Way
- Targeting gold production Q3 2016
- Plant and camp refurbishment contracts well advanced
Corporate
- $20.3 million capital raising completed
- $23 million undrawn project facility
- $27m in cash and investments at end of quarter
- Chief Geological Officer appointed
To view the complete report, please visit:
http://abnnewswire.net/lnk/I97N9IEI
About Blackham Resources Ltd:
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: +61-8-9322-6418
E: info@blackhamresources.com.au
www.blackhamresources.com.au
Tony Dawe, Professional Public Relations
T: +61-8-9388-0944