https://www.miningweekly.com

Matilda gets added ounces

10th June 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed Blackham Resources has increased the measured and indicated resource at its Matilda gold project, in Western Australia, by about 40%.

The company reported on Wednesday that measured and indicated resources were estimated at 7.26-million tonnes, grading 1.8 g/t gold for 424 000 oz of gold. The project’s total resource stood at some 12.5-million tonnes, grading 1.8 g/t gold, for 713 000 oz of contained gold.

“The increase in the measured and indicated resource at the Matilda mine gives us further confidence for the mining studies and allows the management team to move quickly with the next phase of feasibility studies,” said Blackham MD Bryan Dixon.

Blackham was currently drilling a 2 000 m diamond programme at the Matilda mine, further upgrading the resource confidence, geotechnical and metallurgy. Additional reverse circulation drilling was also planned to infill the new zones to ensure any additional mineralisation is included in the next resource update.

The ASX-listed junior in May secured a A$38.5-million funding package to finance the development of its Matilda project, with production flagged to start in the second quarter of 2016.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Craig Miller Technical Services (CMTS)
Craig Miller Technical Services (CMTS)

CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...

VISIT SHOWROOM 
ZF Aftermarket
ZF Aftermarket

ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.047 0.208s - 111pq - 2rq
Subscribe Now