Matilda gets added ounces
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.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation













