Blackham Resources Confirms new Golden Age Geological Model

THE DRILL SERGEANT: Blackham Resources (ASX: BLK) announced recent drilling results have confirmed a new geological model for the Golden Age orebody, part of the company’s Matilda gold project near Wiluna in Western Australia.

Blackham Resources explained that historical drilling in the deepest part of Golden Age intersected high-grade mineralisation in the hanging wall of the predicted position of Golden Age.

The company acknowledged the results had not been understood previously due to the complex nature of the orebody, however, it considers the location of these intercepts to be consistent with the revised geological model which predicts that mineralisation is likely to occur in this position.

Assays have been received from two of four holes drilled to test this new concept with high-grade mineralisation intersected in both holes including:

0.9 metres at 36.6 grams per tonne gold;

0.5m at 118g/t gold ;

3m at 15.4g/t gold; and

2m at 10.5g/t gold.

“Our geological team has done a great job in reinterpreting the Golden Age orebody based on the development data and confirming the new geological model in a short period of time,” Blackham Resources managing director Bryan Dixon said in the company’s announcement to the Australian Securities Exchange.

“The decision to slow development in the underground has been a prudent one.

“The confirmation drilling has now given us comfort to recommence development work between the 920 to 965 levels.

“Stoping of ore is ongoing above these levels and is providing higher grade profile to the mill.”

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au