Blackham Resources continues to drill growth at Bulletin

THE DRILL SERGEANT: Blackham Resources (ASX: BLK) has received results from recent underground drilling carried out at the Bulletin mine.

The Bulletin mine forms part of the company’s 100 per cent-owned Matilda gold project in Western Australia.

Blackham explained the recent diamond drill program was designed to extend the lode the company had identified from a previous round of drilling conducted between two historical stopes.

The latest drilling totalled five underground drill holes, which has returned results of:

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8.7 metres at 8.99 grams per tonne gold, including 6m at 11.95g/t gold;

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8.8m at 4.6g/t gold, including 3m at 9.81g/t gold;

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8.2m at 2.67g/t gold; and

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15m at 1.7g/t gold and 6.2m at 4.17g/t gold.

Blackham determined the results to have demonstrated continuity of grade and width at Bulletin.

“Further underground drilling at Bulletin is planned to commence at the beginning of May, to further infill the area down plunge of high-grade intercepts,” Blackham Resources said in its ASX announcement.

Prior to this drilling the Bulletin resource had been estimated at 1.6 million tonnes at 4.8g/t gold for 247,000 ounces of gold (50% indicated), and the Bulletin ore reserve was estimated at 938,000 tonnes at 4.7g/t gold for 142,000 ounces.

Blackham anticipates these new results to upgrade existing resources from the Inferred to the Indicated category, leading to further ore reserve additions.

In February, Blackham published the results of its Definitive Feasibility Study (DFS) on the Matilda gold project, which confirmed the robust nature of the project.

Email: info@blackhamresources.com.au

Website: www.blackhamresources.com.au